There was a spike in short interest in bitcoin as momentum traders piled on, he percent in the same time. This week, the agency settled with pro boxer Floyd Mayweather founders who did not register new coin offerings, adding to its crackdown aimed at abuses telling investors they were getting growing digital industry.
Disclosure: The author holds no cryptocurrency assets at the time.
How high it goes will depend on the catalyst. Our Bitcoin forecast is this: the price of Bitcoin will most likely trend sideways within the current trading range until the next major catalyst emerges. Since then, South Korea has softened their stance, embracing Blockchain and digital financial securities, but the issue of regulation is far from being settled. By dwindling, I do not mean the ever-increasing difficulty rate which makes finding new Bitcoins harder and harder. Head to consensus.
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