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Weekly Cryptonews

Weekly Cryptonews

Information is not investment advice

Vinny Lingham, Civic CEO: “For me, crypto is a bit too risky at its current point. I think the risks right now outweigh the upside in the short term anyway. There’ll be better opportunities later on.”

Despite the rise on Monday, Bitcoin failed to stick above the $4,000 level for a long time and formed a gap down on Wednesday. If the oldest cryptocurrency extends losses, it will fall to the support at $3,222. However, Parabolic SAR shows an uptrend for the digital asset. If Bitcoin recovers, it will rise to the resistance at $4,380.

BitcoinDaily.png

In other news:

  • The Japanese internet technology company GMO has recently announced that it is closing down its mining production.
  • 8% of money transfers from the US are made with cryptocurrencies.
  • During December 17-27, Bitcoin and Ethereum set records in the trading volume. Bitcoin trading volume reached $46 billion, while Ethereum’s - $18.5 billion.

New releases:

  • Bank of America wants to patent blockchain-technology for processing fiat currencies.
  • Japanese financial corporation Mizuho Financial Group announced its plans to launch a cryptocurrency connected to the JPY.

 Bitcoin $3,782

Ethereum $121.75

Litecoin $29.94

DASH: $80.57

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