This is a summery of the news in the cypto world i think is worth a read. Today's post is all about price!
Just a notice. The last period i haven't had time to make a proper post about a single coin and only have time for these news recaps. I will start posting coin reviews and market information when i have the time again
Bitcoin, other digital currencies suffer another big drop as risks rise
More recently, two other events have darkened the investment outlook for digital currencies: Google decided to ban cryptocurrency-related advertising, and there has been massive selling by a trustee of the collapsed Mt. Gox bitcoin exchange.
"Unfortunately, the future of crypto is still quite foggy, and the latest developments did not give us a clearer picture," Arnaud Masset, a market analyst at at Swissquote Bank, told USA TODAY. "The honeymoon is over, and it is time to face reality."
Bitcoin Falling Through Support. Now What?
It means that Bitcoin should continue to trade above $7000 to remain in a strong cryptocurrency bull market, which, if it does, will likely mean that the next cycle higher will start around summer time.
If $7000 gives away it is really crucial that the $5000 level is respected. If not, it does NOT imply that the bull market is over, but it would imply that repair time will be longer, and, arguably, the next cycle up will only start late this year.
Bitcoin Lightning Startup Goes Beta With Twitter CEO Backing
"It's something the entire community has been focused on and working towards for the better part of two years now. It's really the culmination of a lot of work by many people, not just Lightning Labs. ... We see it as a very important piece of the scaling solution for bitcoin, and perhaps other digital currencies as well."
And last some news, i don't think you should belive, but always good to see from both point of views.
Bitcoin Investors: Why You Should Be Getting Out Now
There is little, if any, rational reason to expect that Bitcoin will return to the absurd highs that it reached in 2017. Any hype surrounding cryptocurrencies will be limited to back channels, and it’ll be very difficult to get new investors aboard, while many may not want to jump on the roller coaster again, as many people that bought Bitcoin in the past few months have likely incurred significant losses.
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