RATE Group | Bitcoin bulls and bear fight gets a tougher edge
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Bitcoin bulls and bear fight gets a tougher edge

24 Jan Bitcoin bulls and bear fight gets a tougher edge

Posted at 17:21h in Bitcoin News by

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  • Globar regulators increasingly want to engage in the cryptocurrency industry.
  • BTC/USD settled at an important technical level, down from weekly high.
  • The poll of experts shows a marginal decrease in expectations in the short run.

The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps, including  Craig Wright’s saga and Ethereum Classic hard fork. At the time of writing, the total capitalization of all digital assets in circulation amounts to $226 billion; an average daily trading volume settled at $89 million, while Bitcoin’s market share recovered to 66.4% after a short-lived dip below 66.0%.

Central banks caught up in a crypto frenzy

Global regulators are increasingly interested in the concept of digital money. The central banks of Hong Kong and Thailand announced a joined project that will help to facilitate payments between the…

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