Credits_Official
Contributor
Yesterday's trading day ended on a positive note for bitcoins and the market for cryptocurrency in general. Following the meeting of bankers and finance ministers at the G20 summit, it was decided to recognize the Cryptocurrency as an asset. This means that trades can potentially be taxed on capital gains. At the moment, the prohibition of cryptocurrency has not happened, but on the contrary, certain countries (France) intend to actively understand the crypto sphere and actively agitate others and this is good news for investors. On the other hand, there is still uncertainty that does not allow the Crypto-currency to start the rally. It is worth noting the news on the company Tether on the largest issue of USDT in the amount of 300 million, which the company held after two months of pause.
It is important that many associates the active emission of Tether with the strong growth of bitcoin and the market of crypto-currency at the end of last year. Therefore, the announcement of a new issue can be considered as a signal of a change in the trend, which is confirmed in turn by investors' activity in their wallets, as for the last five days 15,000 BTC was transferred to the cold wallet Bitfinex. Last night, bitcoin rose to the level of 9000.00 and is currently trading lower. It is important that the resistance level of 8600.00 after three failed attempts was passed and can now be considered as a strong support for the price. The price was able to overcome the upper boundary of the descending channel, which can be built since December last year, but if we have built a downward channel since January of this year, we will see another key resistance level at 9500.00. If the price can go above this level and gain a foothold, then this will increase the likelihood of an uptrend beginning.
Coins CREDITS ("CS") continue to be in demand from bidders. Yesterday after the price of the coin found support for the buyer at 0.0009 CS / ETH began to grow after the appearance of details about the results of the G20 meeting. Coin "CS" for today's trading session reached a local maximum of 0.001320 CS / ETH and after correction is currently traded at a price of 0.001224 CS / ETH. The large demand for a coin on the KuCoin exchange is observed in the range 0.0010 - 0.00109 CS / ETH.
It is important that many associates the active emission of Tether with the strong growth of bitcoin and the market of crypto-currency at the end of last year. Therefore, the announcement of a new issue can be considered as a signal of a change in the trend, which is confirmed in turn by investors' activity in their wallets, as for the last five days 15,000 BTC was transferred to the cold wallet Bitfinex. Last night, bitcoin rose to the level of 9000.00 and is currently trading lower. It is important that the resistance level of 8600.00 after three failed attempts was passed and can now be considered as a strong support for the price. The price was able to overcome the upper boundary of the descending channel, which can be built since December last year, but if we have built a downward channel since January of this year, we will see another key resistance level at 9500.00. If the price can go above this level and gain a foothold, then this will increase the likelihood of an uptrend beginning.
Coins CREDITS ("CS") continue to be in demand from bidders. Yesterday after the price of the coin found support for the buyer at 0.0009 CS / ETH began to grow after the appearance of details about the results of the G20 meeting. Coin "CS" for today's trading session reached a local maximum of 0.001320 CS / ETH and after correction is currently traded at a price of 0.001224 CS / ETH. The large demand for a coin on the KuCoin exchange is observed in the range 0.0010 - 0.00109 CS / ETH.