Truly nice rally overheen the past 24 hours getting above $7,500BTC for the very first time ter a long while. I am truly hoping for a nice pauze up to $9,000 but Telegram has bot littered with information about sell walls on almost every exchange. Thesis thick holders of BTC are going to different exchanges all at merienda and keeping a minefield of sell orders. I don’t know the level of coordination, but this is big business.
There wasgoed a report yesterday telling that there is a $1B private market for cryptocurrencies and it is all done overheen Skype. American institutions and high netwerken worth individuals and traders have found this to be a far lighter way to do business, and there is no middle boys in-between that can manipulate the process, which is what wij talked about te my last article on exchange scams.
There is so much uncertainty overheen what is going to toebijten with the SEC and their 80 subpoenas of ICOs. If you even sniffed at an American investor, you got the letterteken ter the mail. This is a very dark time for American business, and there voorwaarde be light before there is a rise ter prices. I don’t even need to look at the price of Bitcoin to know where things are going. I look at google news and type “SEC cryptocurrency”. They will determine when the prices start rising again.
So far wij have a shotty tax definition, a shotty judicial definition, and shotty regulatory definition of cryptocurrency. 8% of the country has cryptocurrency, and Two times that say they are “waiting to get in”. Those are awful numbers, especially when the US market is tanking and there are record flows out of ETFs and back into money market. Now is the volmaakt time for mainstream adoption. The laws voorwaarde go after for that to toebijten. No one wants to pauze the law, and the law can be very lightly violated with this industry. That needs to switch. I am not certain ter prices until then, and would warn against listening to any rumblings of a rally.
Go after us @cryptoleaks4all for Twitter news across the day.