THELOGICALINDIAN - This anniversary US President Donald Trump had tea with the Queen but for Bitcoin and crypto it was all business as usual
BTC Still In Consolidatory Phase
In agreement of banderole price, it ability assume like a bad anniversary for Bitcoin [coin_price]. We’ve gone from a position area it looked like we could agitation $9k (and alike potentially $10k) again, to aerial about $8k. But as we know, banderole amount doesn’t consistently acrylic a abounding account of the situation.
Despite some optimism at the alpha of the week, analysts aloof couldn’t agitate fears of addition pullback. Some appropriate a alongside move into alts to escape the affliction of the risk. Then a bearish evening-star doji set-in, and the feared pullback materialized. Although some analysts put this bottomward to a whale move to accrue added BTC.
The pullback hit abutment at $7.5k again bounced aback up into a falling block arrangement with lower attrition at $7.7k. The affection was still bleak though, and abounding considered the abeyant for addition (potentially large) dump.
But the bead never happened. Support held, and Litecoin [coin_price coin=litecoin] halving advertising alike gave BTC a little bump too. Which seems appealing accustomed behaviour to anyone who remembers Bitcoin afore the late-2017 bubble.
Facebook Stablecoin Could Launch In June
Facebook’s GlobalCoin stablecoin may be afterpiece than we think, with a appear barrage date after this month. Representatives accept been talking to the CFTC to acquisition out GlobalCoin will abatement beneath its authoritative remit.
Reports alike that Facebook is activity to allegation bulge operators $10 actor a pop, agreement it alike added from Bitcoin. However, one analyst thinks the barrage of GlobalCoin could be the catalyst which sees BTC balance $10k.
Meanwhile, as Zuckerberg anatomy in on the customer area of Ripple’s [coin_price coin=ripple] user base, big banks announced an XRP-killer for all-embracing settlements.
SEC Sues Crypto Operator Kik
Perhaps Facebook is cozying up to the CFTC in the achievement that GlobalCoin will abatement beneath the CFTC’s auspices, rather than the (notably beneath crypto-friendly) SEC. This anniversary the SEC assuredly acted on January’s Wells apprehension adjoin Kik, and sued it for an declared actionable balance sales.
This was followed by a lot of altercation on what this could mean, for both Kik, and the added cryptocurrency industry.
Other Crypto News In Brief
Tron’s Justin Sun bid $4.57 actor to have lunch with Bitcoin-sceptic investor, Warren Buffett. The abstraction holds the aberrant allure of a motorway pile-up; horrific, but massively intriguing.
Apple abutting Microsoft in the approaching of money by adding Bitcoin symbols to its appearance set.
According to an Allianz Senior Executive, Bitcoin is a ‘figment of everyone’s imagination. It charge be a ancillary aftereffect of the chem trails.
Oh, and if you feel that Bitcoin is all a bit… aftermost year, again maybe Bitcoin 2 is the beginning booty that you’re attractive for? This accessible pump-and-dump scam about saw a 5500 percent accretion over 24 hours. If it looks too acceptable to be true…
What was your Bitcoin account highlight this week? Let us apperceive in the comments below!
Images via Shutterstock
