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Cryptocurrency varies with Bitcoin failure to stabilize above 10,000

2019-07-18 01:04 pm | Resource: News | No Views : 43

Cryptocurrency varies with Bitcoin failure to stabilize above  10,000
Cryptocurrency retreated with the failure of Bitcoin to exceed the $ 10,000 level, showing that it is not yet ready for the upside and we expect another pull in the way. Since our main target at $ 8400 is below 15% of us, today we look at the hourly chart to see if we can get the momentum behind us to fall to our target. This is the BTC analysis for July 18, 2019.

The market value of the Betcoin market was US $ 174.64330 billion or 65.35% of the total market capitalization of Cryptocurrency, while Etherhere's total market capitalization was 23.01254 billion US dollars, or 8.61% of the total value of the Cryptocurrency market.

The impact of successive criticisms of Betquin and the Facebook currency seems to have already affected

G7 warns of the dangers posed by "Libra" and other Cryptocurrency

A Group of Seven (G7) working group warned that the planned Cryptocurrency, like Facebook's "Libra", would need to be rigorously regulated or could destabilize the global economy and there were risks of using it for money laundering and terrorist financing. The preliminary report, drawn up by G7 Central Bank officials and representatives of the International Monetary Fund, the Bank for International Settlements and the Financial Stability Board, said that this raises a number of serious risks related to policy priorities, particularly AML / CFT as well as consumer protection and data, Electronic, fair competition and tax compliance.

 The report pointed to the need for a lot of work and negotiations from the developers of the currency "Libra" before they expect the approval of the competent authorities on it. "As technology or financial companies can benefit from the existing huge customer bases to achieve a global footprint quickly, it is necessary that the authorities are vigilant In assessing the risks and implications of the global financial system ".

Cryptocurrency trades
  • Bitcoin recorded mixed trading at $ 9.831.6, up 3.96% a day.
  • Ethereum traded at $ 214.13, an increase of 5.48%.
  • Bitcoin Cash rose 1.05% to trade at 287.71.
  • The ripple recorded a modest rise of 1.57% to trade at 0.30868

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