It seems that after weeklong sideways trading the market looks to break out with Bitcoin challenging the $11,000 level in the early trading with gains of up to 5%.
It seems that the market is responding to what many believe as a positive response to Binance’s announcement of releasing its own version of Libra digital currency as well as to perhaps China’s revelation that it is developing digital Yuan.
A senior market analyst at United Kingdom-based trading platform eToro, Mati Greenspan identified a bullish wedge for the pair but however cautioned that upward progress was not guaranteed.
Altcoins has something to smile about this week as most of them rebounded quite aggressively from last week’s lows which has seen considerable declines against Bitcoin not seen in years.
Headlines for the world of Cryptocurrencies - August 18, 2019
- Majority Of Colombians Are Bullish On Cryptocurrencies
- U.S. Lawmakers Going To Switzerland To Check On Libra
- Crypto-Friendly Philippines
- Japan To Use Solar Power For Digital Economy
- New Rules For Crypto Salaries In New Zealand
Headlines for the world of Cryptocurrencies - August 17, 2019
- Binance IOS App Back Online
- Institutional Investors Buying $200-$400M Worth Of Crypto A Week
- $2.4 Million USD Dividends Paid By Crypto Lender Nexo To Holders
- Binance To Launch On November In The U.S.
- More Turkish Traders Turns To Bitcoin Amid Economic Woes
Headlines for the world of Cryptocurrencies - August 16, 2019
- FinCEN Director Reminds Casinos Of Compliance Regarding Crypto
- Market Responded Positively On Bakkt’s Release Date Announcement
- Bakkt Cleared For Late September Launch
- XRP Enthusiast Goes All In
- US Agency To Trial Blockchain Shipping Proof-of-Concept
