Bitcoin Today

17 апр. 2018 г.

After a growth which brought BTCUSD pair above the 8000.0 level the coin stays in the lateral pattern. Today is the Tax Day in the USA, the day which was connected with the selling pressure on bitcoin in March and the first half of April. Crucial level for the further growth is 8500.0 level, breakthrough of this level will trigger buyers. Break below 7700.0 level will possibly cause a panic and a break below the 7000.0 support will dismiss the reversal scenario.

Today forecast: Trading in 8000.0 – 8500.0 zone; Break above the 8500.0 level will lead the price to the 9000.0 level coinciding with the 100-days EMA.

Latest news:

• Bitcoin exchange Coinbase buys Earn.com for a reported 100M. Digital currency exchange Coinbase is building on a recent hiring streak with a deal to buy Earn.com announced Monday. As part of the acquisition, the crypto company will bring on Earn's founder and CEO as its first-ever chief technology officer. Before running Earn, which lets users send and receive digital currency for replying to emails and completing tasks, Srinivasan was a general partner at venture capital firm Andreessen Horowitz.
  
• Kraken Reportedly Exiting Japan Due To Rising Costs. Kraken, the largest Bitcoin exchange in euro volume and liquidity, is set to end its activities in Japan due to rising costs. The San Francisco-based company said it may re-enter Japan, a key market for cryptocurrencies, in future, Bloomberg reported citing an emailed statement. Founded in 2011, Kraken began its operation in Japan in October 2014 with the launch of Bitcoin-yen trading. The exchange plans to tentatively cease all its services by the end of June, Bloomberg reported. Based on 24-hour trading volume, Kraken is ranked 10th on CoinMarketCap.
  
• Bermuda Reveals Draft Crypto Regulations, Plans to Embrace ICOs. The minister of national security, Wayne Caines, described the proposed regulations a “landmark legislation for Bermuda,” adding that “The emergence of new financial products and services created through the use of technology has opened new and exciting opportunities for entrepreneurs and businesses.” On Thursday, Mr. Caines presented “Bermuda’s fintech strategy” to “more than 150 of Bermuda’s key business partners.” Mr. Caines stated that the government “recognize that there’s significant interest in virtual currencies and blockchain technology,” emphasizing Bermuda’s desire to “become a global leader in the fintech space.”