THE STEEM REPORT - +445 NEW ACCOUNT * POLONIEX EXCHANGE IS BEING SOLD!

in #steem7 years ago

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NEWS

CIRLCE IS BUYING POLONIEX - This Big Cryptocurrency Acquisition Could Create a Wall Street-Style Financial Giant
"Circle, a cryptocurrency-focused financial-services firm, will announce today that it is buying crypto exchange Poloniex—a move that immediately makes Circle one of the largest and most influential companies in the industry."

UK Government Launches Cryptocurrency Investigation
"The Treasury Committee of the U.K. Parliament plans to launch an investigation into cryptocurrencies, namely, to examine how virtual currencies like bitcoin affect British investors and businesses."

The U.S. Government Has Held Over $1 Billion in Seized Cryptocurrency
"The current ubiquity of cryptocurrency trading and investment worldwide means that even governments can’t keep their hands clean of digital assets. While the U.S. federal government has yet to make any serious investments in bitcoin or its fellow cryptocurrencies, it turns out a surprising amount of crypto has been passing through government hands."

Bitcoin pops higher, but upside looks limited
"Despite the gains, bitcoin and other digital currencies continue to face headwinds, registering losses on four of the five U.S. trading sessions last week. “We see no change in the fundamentals for bitcoin,” Naeem Aslam, chief Market Analyst at ThinkCoin said."

Hacker Returns $26 Million Worth of Ethereum Back to Hacked Company
"A hacker has returned over $26,2 million worth of Ethereum to CoinDash, the company it obtained the funds from in July 2017. The money was sent back in two tranches. The hacker sent the first one in September last year when he returned 10,000 ETH ($8.7 million) and a second round last Friday when he returned another 20,000 ETH ($17.45 million)."

LitePay is Launching Today, But What Does That Actually Mean?
"On the day of its release, LitePay sent an email to its mailing list subscribers saying that it will delay its card registration process indefinitely because of “hostile actions by card issuers towards crypto companies.” It’s unclear whether there was ever an intention of opening consumer card registration on this date, so Litepay might still be on schedule. Registrations for merchants to accept the service start at 9 p.m. Pacific regardless, which may be all that was ever planned for Monday’s launch. However the lack of clarity regarding consumer registration has rubbed some Litecoin enthusiasts on the altcoin’s subreddit the wrong way."
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MARKET OVERVIEW

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Possible good news for bulls. BTC price failed to rotate back to the $8157 level before spiking back up. If Buyers can continue to push price up there will be a major battle with the Sellers at the $11,109 level.

So how do I play this? Since most Altcoin prices are correlated to BTC price I usually will trim positions at major resistance. I will be looking to trim some of the positions at BTC $11,000 and immediately put in buy orders at lower levels. If price explodes through the $11,000 level, I will place an order for a tap back to the $11,000 level.steem border.png

This article is intended for educational purposes only and not meant to convey any financial advice. Trading can be a risky venture and personal due diligence is required.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin10757.000$12.43%-6.89%
CDTCoinDash0.105$5.28%16.49%
ETHEthereum896.259$5.68%-5.66%
LTCLitecoin224.209$1.32%-7.38%