The signs are not good: on the 4-hourly (4H) chart, the price of Bitcoin broke yesterday below the Kumo (Cloud). That means that the short term trend is severely deteroriating. The $8,000 support area has been broken, paving the path for a free fall of at least 25% towards $6,000…
Daily Crypto Vision: CFTC allegedly in Talks With Facebook Over Rumored Crypto Plans
United States regulator the Commodity Futures Trading Commission (CFTC) is allegedly in talks with Facebook about its stablecoin launch next year, according the Financial Times.
Citing chairman J. Christopher Giancarlo, the publication revealed that Facebook is attempting to smooth out the regulatory landscape ahead of the asset, currently dubbed GlobalCoin,
“We’re very interested in understanding it better,” the FT quoted Mr. Giancarlo as saying, himself adding that at present, no formal request for regulatory clearance had appeared. To read the full article on Cointelegraph, click here….
Altcoin of the Day: SiaCoin (SC) $0.0032 target $0.006
Daily Crypto Vision: Binance & Cred teaming up
Altcoin of the Day: Crypto20 (C20) Bought @ $0.78
Crypto 20 with tickersymbol (C20) is the Crypto trade of the Week. OMG, is currently ranked 155th on Coinmarketcap and has a market cap of $32 million.
Crypto Trader Jan Robert Schutte motivates his choice for this coin: “At the current price of $0.78 with buying Crypto20 you can have a nice exposure in the top 20 in Crypto’s. With a target of $1.20 in a few months, this implies an upside potential of +50%. Like always, I advise to put a stop-loss order, for instance below $0.60.”
If you want to have exposure in the Top20 Crypto’s take a look at the C20 I buy 100. https://coinmarketcap.com/currencies/c20/ https://crypto20.com/en/portal/performance/