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
As the cryptomarket progressed through much of this year, a jump in volatility and a wave of bearish sentiment, following December’s broad-based cryptomarket rally, led to plenty of debate on whether Bitcoin and the broader market gains to record highs back in December was just a bubble ready burst.Certainly, when
Ethereum (“ETH”) has been having a tough time of it of late, with ETH/USD falling by 0.45% on Monday, following on from a 0.19% fall on Sunday, to end the day at $208.77.
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.
After a mixed start to the week, Ethereum is eyeing a return to $180 levels to bring major resistance levels into play later in the week.
It was quite a week for the cryptomarket as the bulls took control going into the 2nd quarter. The week ahead will define what lies ahead for the majors.
It’s a bearish start to the week for the majors. Following a mixed bag last week, failure to move through to key levels could weigh heavily this week.
It’s into the red for Ethereum, with a move back through to $137.50 levels needed to signal a pre-weekend rebound. The bias remains in favor of the downside mid-week.
After a strong set of gains last week and a broad-based crypto rally on Saturday, its a sea of red early on. Holding onto key levels will be needed to support further gains in the week ahead.
|Williams %R (14)||-59.7765|
|Stochastic RSI (14)||4.6924|
|Ultimate oscillator (7,14,28)||49.3782|
|Stochastic Fast (14)||40.2235|