Crypto Report 06FEBsteemCreated with Sketch.

in bitcoin •  7 months ago

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1. Bitcoin price falls below $6,000 as banker signals crackdown.

The price of bitcoin fell below $6,000 for the first time this year as a leading central banker said it posed a threat to financial stability and signalled a global clampdown on the cryptocurrency.
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2. China to Ban & Block Foreign Cryptocurrency Trading Platforms, ICOs.

China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry.
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#3. Russia Drafts Bill to Create Offshore Companies to Trade Cryptocurrencies.
The Russian Ministry of Finance is drafting a bill to allow the creation of offshore companies to trade cryptocurrencies. This follows the bill which the ministry recently published on the legal framework for cryptocurrencies.
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4. Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.

THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing entitled, Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission. The witnesses will be: The Honorable Jay Clayton, Chairman, U.S. Securities and Exchange Commission; and The Honorable J. Christopher Giancarlo, Chairman, U.S. Commodity Futures Trading Commission.
All executive sessions are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.
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5. Crystal Ball price predictions

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6000$ support is very week, if BTC will challenge it one more time most likely it will breach it. To get signals for reverse, BTC should breach 7500$ resistance and stay above it. Right now I am still bearish and aiming for 4800$ to 5100$.

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BTC dominance under 40% already for month, probably it will change when we see reverse in trajectory.

Be calm and drink tea.

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