Bitcoin – MXC exchange – Medium
Last week was the best for Bitcoin over the past year and a half, but in the past week it seriously lost ground. For the rise to the level of $ 13,800 followed by a hard correction. Technical analysts point to two levels of support for Bitcoin: $ 9797 (forecast of a moderate degree of optimism) and $ 8723 (the worst possible scenario, based on the current situation).
?“Now there is a struggle for the psychological level of $ 10 thousand. The sellers under it have already collected the protective feet of buyers for long positions. Many players they sent to the bench. If the new investors who bought Bitcoin above $ 10,000 give up their nerves, then the fall will accelerate to $ 9,100. This will be a serious blow to customers, and prices above $ 14,000 can be forgotten for at least 2 months. The market is now very volatile, so do not be surprised at the intraday fluctuations of 10–20%, ”noted Vladislav Antonov, analyst at the Alpari Information and Analytical Center.
?Meanwhile, the price of Bitcoin for users of LocalBitcoins in Zimbabwe has reached $ 76,000. The tight monetary policy of Zimbabwe has led to the fact that Bitcoin is trading in this country with an incredible margin of almost 600%, as local investors tend to buy cryptocurrency in order to protect cash.
?The country officially banned the use of cryptocurrency back in 2017. As the economic problems increased, local Bitcoin markups also experienced an incredible increase. As early as May 2018, there are no cryptocurrency exchanges in Zimbabwe, and therefore trading takes place on such p2p platforms as Localbitcoins.
?The research company Chainanalysis once again debunked the stereotypical idea that “Bitcoin is the currency of criminals.” The company’s report states that in the first half of 2019, the use of bitcoin in criminal schemes turned out to be insignificant.
?Only 1% of bitcoins worth up to $ 515 million appeared in questionable operations. Chainanalysis Executive Director Hannah Curtis said that even if the volume of criminal use of Bitcoin and reached $ 1 billion, in general, we are seeing a positive trend.
?Operations with the largest cryptocurrency are increasingly included in the legal framework and mainly carried out in the legal sector. In 2012, up to 7% of bitcoin transactions were related to crime, but now this figure has dropped to 1%, said a top manager of Chainanalysis.
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Published at Fri, 12 Jul 2019 07:08:51 +0000
Bitcoin Pic Of The Moment
By astrobuddha on 2013-06-29 19:41:30
