US Treasury Secretary Mnuchin Attacks Bitcoin, Libra

US Treasury Secretary Steven Mnuchin touched upon Bitcoin and Facebook’s Libra cryptocurrency in a Monday press conference, voicing concerns about the misuse of cryptos for money laundering and terrorist financing. Bitcoin, Libra Represent a National Security Issue, Mnuchin Says The cryptocurrency market turned bearish as Mnuchin mentioned the negative aspects of digital assets. His speech …

Treasury Secretary Seals Bitcoin’s Impending Death by a Thousand Cuts

Following Donald Trump’s sudden and mysterious tweets regarding bitcoin last week, Treasury Secretary Steven Mnuchin held an unexpected press conference on Monday. He used coded language telegraphing the end of bitcoin and cryptocurrency. The Feds Want to Stop Crimes and Stabilize Markets Steven Mnuchin was not lying when he said that the federal government wants …

Economist Speculates Absurd but Feasible Trump Bitcoin Ban

Could Trump ban Bitcoin? Global markets analyst Alex Krüger has plotted out a scenario where the president-elect might just follow through with such an idea. Krüger’s speculation comes after Twitter rampaged last week thanks to Trump’s Bitcoin-bashing tweet. Breaking: Donald Trump Bashes Crypto, Says He’s No Fan of Bitcoin https://t.co/YOgWV9sXNK — CCN Markets (@CCNMarkets) July …

Why Congress’ New Draft Bill Is Bullish For Bitcoin

US lawmakers are mulling a new bill that will boost bitcoin and prohibit tech monopolies from launching their own cryptocurrencies. The draft discussion has surfaced ahead of Facebook’s scheduled congressional hearing this week on the Calibra crypto project. Bill Bullish For Bitcoin The July 12 dated draft entitled ‘Keep Big Tech Out Of Finance’ surfaced …

Bitcoin Price Analysis: Bullish Divergence At $11,500

Bitcoin price hit a peak of $13,000 on the 10th of July just two days ago. Since this price levels have pulled back to POC (Point of Control) around $11,300 as mentioned in my previous bitcoin price analysis. Three descending lows are evident on the 30 Minute time-frame alongside descending volume and ascending RSI which …

Bitcoin Continues to Correct as Crypto Markets Bleed Billions

Yesterday’s Bitcoin pullback has extended into Friday as further losses are mounting. The selloff has slowed however as BTC searches for its short term bottom and traders seek buying opportunities. The overall trend for the past few weeks however has been sideways. Bitcoin Slides 14% in Two Days From a touch of $13,000 on Wednesday …