After New Bearish Weekly Candle, Traders Fear for Scary Pullback to $7,000

2020-06-15 06:46:00

A new weekly Bitcoin (BTC) candle opened at $9,327 on June 15, under a crucial resistance level at $9,400. Traders say the price of Bitcoin could fall to the $7,000s in the near term. Critical support levels in the short term are considered to be $9,200 and $9,000. If the price of Bitcoin falls both levels and remains in the $8,000s, some traders expect Bitcoin to fall to as low as $6,000. Merely hours after the weekly candle open, the price of Bitcoin plunged to as low as $8,892 on BitMEX for the first time in two weeks.

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Bitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses

2020-06-15 03:42:00

Bearish moves for stocks appear in line with rumors of an incoming crash, with Bitcoin hitting its lowest levels in almost 3 weeks. Bitcoin (BTC) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets.

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Chinese Banks Says They Will Not Freeze Legal Crypto Accounts

2020-06-14 01:39:00

Rumor has it that Chinese banks are freezing client accounts that have a history of buying and selling cryptocurrencies. According to a Chinatimes report on June 13, banks in China have clarified that they are not shutting down any legit fiat to crypto accounts.

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Libra Continues Path Forward, Announces New Brass

2020-06-11 12:33:00

The Libra Association, the group behind Facebook's digital asset endeavor, unveiled an update to its brass. The association announced Sterling Daines as the chief compliance officer of the outfit, said a statement provided to Cointelegraph staff. Daines will leave his post at Credit Suisse at some point in 2020 to assume his role at the Libra Association.

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4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections

2020-06-10 06:18:00

Around 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement. According to a report Monday by 8BTC, police froze the bank accounts of thousands of over-the-counter traders from the Chinese province of Guangdong.

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