After New Bearish Weekly Candle, Traders Fear for Scary Pullback to $7,000
2020-06-15 06:46:00
A new weekly Bitcoin (BTC) candle opened at $9,327 on June 15, under a crucial resistance level at $9,400. Traders say the price of Bitcoin could fall to the $7,000s in the near term. Critical support levels in the short term are considered to be $9,200 and $9,000. If the price of Bitcoin falls both levels and remains in the $8,000s, some traders expect Bitcoin to fall to as low as $6,000. Merely hours after the weekly candle open, the price of Bitcoin plunged to as low as $8,892 on BitMEX for the first time in two weeks.
Read moreBitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses
2020-06-15 03:42:00
Bearish moves for stocks appear in line with rumors of an incoming crash, with Bitcoin hitting its lowest levels in almost 3 weeks. Bitcoin (BTC) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets.
Read moreChinese Banks Says They Will Not Freeze Legal Crypto Accounts
2020-06-14 01:39:00
Rumor has it that Chinese banks are freezing client accounts that have a history of buying and selling cryptocurrencies. According to a Chinatimes report on June 13, banks in China have clarified that they are not shutting down any legit fiat to crypto accounts.
Read moreLibra Continues Path Forward, Announces New Brass
2020-06-11 12:33:00
The Libra Association, the group behind Facebook's digital asset endeavor, unveiled an update to its brass. The association announced Sterling Daines as the chief compliance officer of the outfit, said a statement provided to Cointelegraph staff. Daines will leave his post at Credit Suisse at some point in 2020 to assume his role at the Libra Association.
Read more4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections
2020-06-10 06:18:00
Around 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement. According to a report Monday by 8BTC, police froze the bank accounts of thousands of over-the-counter traders from the Chinese province of Guangdong.
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