It's been a tough week, a tough month, and a particularly challenging year for Bitcoin bulls. The price of the cryptocurrency is down 6.4% this week, 18.7% over the past month, and 76.2% year to date. The maximum reduction was 83.5%. Isaac Newton once said, “What goes up must come down,” and cryptocurrency very much confirms this theory.
US President Donald Trump has named prominent Bitcoin advocate Mick Mulvaney as his new White House chief of staff. Trump is one of the most controversial figures in the world at the moment, and whether you love or hate him, the crypto industry stands to benefit greatly from having one of the biggest crypto enthusiasts wield influence over America's President.
Over the weekend, altcoins were mostly in a sideways range. But now, after a short recovery, the downtrend may resume
Spammers have hit businesses, public and utility institutions around the world with a wave of threats, demanding a ransom from the military-technical cooperation in exchange for eliminating the threat of an explosion. So far, no explosions have been heard, but massive electronic threats have caused numerous evacuations of thousands of people in Canada, the United States and New Zealand. Law enforcement is investigating the situation and asks citizens to exercise caution.
Under the influence of frantic demand and the syndrome of lost profits, last year one could observe a tenfold increase in prices for some types of cryptocurrencies. People who managed to turn tiny investments into sums for which you can buy a Lamborghini began to be called Lambos. However, since then Bitcoin has lost 85% of its capitalization and now investors are mostly approached with the words “we told you so!”
Project Orion Span plans to launch the Aurora space station, which will be used as a luxury hotel. A vacation in a space hotel cabin will be available to anyone who has $9.5 million or its equivalent in cryptocurrency.
Last Sunday, bearish pressure eased significantly. However, it is not yet possible to overcome the nearest resistance levels. Will new attempts to restore the market be successful today?
How long ago did the idea of payments using bank cards arise?
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