RATE Group | Crypto bulls return as Bitcoin touches $10,200
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Crypto bulls return as Bitcoin touches $10,200

Crypto bulls return as Bitcoin touches $10,200

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  • Cryptocurrencies back in the red cloud after Bitcoin hit a snag under $10,300.
  • Bitcoin bears continue gaining traction towards the first support at $10,100.
  • A new bill in the US Congress proposes a tax exemption for value gain of less than $200.

Bulls stole the show on Tuesday pushing for recovery across the board in the cryptocurrency market. All the top three digital assets, Bitcoin, Ethereum and Ripple embarked on a recovery action that saw several resistance zones shuttered. Bitcoin sprinted above $10,000 and extended the gains above $10,200 while Ethereum returned above $280. On the other hand, Ripple broke above the resistance at $0.30 to a weekly high of $0.30252.

Read more: Ethereum Price Analysis: ETH/USD could explode past $300 on inverted head-and-shoulders pattern

United States cryptocurrency regulations

Most experts believe that the stringent regulation in the US or the lack of it is retrogressive for the crypto industry. This was made…

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