After a mixed bag on Monday, the broader market sees red at the start of the day. Bitcoin will need to hold onto $5,200 for the broader market to avoid a mass sell-off.
While it’s another positive start to the day, some red is beginning to hit the board. Support levels could be tested later in the day should sentiment not improve.
Bitcoin moves back through to $5,000 levels early on. Holding above $4,900 levels through the day will be a major coup for the Bulls.
The G20, an international forum for governments and central banks, has recently signed a declaration to regulate cryptocurrencies. The declaration was signed in Buenos Aires and covers many topics involving tax evasion, anti-money laundering, anti-terrorism, and public policy.In Section 25, the declaration explicitly mentions cryptocurrencies:“We will step up efforts to
The volatility seen through the much of the year contributed to the uptick in volumes as investors and traders from other asset classes were drawn in to trade the daily swings that were sizeable when comparing to even the more exotic currencies and the global equity markets.
Bitcoin Cash Sees More RedBitcoin Cash fell by 2.78% on Monday, following on from a 4.1% slide on Sunday, to end the day at $520.6.A bearish start to the day saw Bitcoin Cash slide to a late morning intraday low $504.7, Bitcoin Cash sliding through the first major support level
|Williams %R (14)||-74.2222|
|Stochastic RSI (14)||8.554|
|Ultimate oscillator (7,14,28)||47.5534|
|Stochastic Fast (14)||25.7778|