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The newly established uptrend is not in danger because of the move for now, and we expect the rally to resume after the correction. The recently weaker coins, such as BTC and LTC could gain relative strength during the move, as a sign of bullish rotation.
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While this is not the best moment to enter new short-term trades with regards to the majority of the coins, the long-term setup favors further gains in the coming weeks. If interested in joining the VIP as we prepare for this next bullrun, send us a message! Break outs all over the market today! Ethereum, Ripple, and Bitcoin Cash continued their strong push. Should they break out above those levels, a major trend change would be confirmed in the segment, although the risk of a failed move would be still present.
The new uptrend is still not confirmed in BTC, while most of the altcoins are already formed a pattern of higher highs and higher lows. It is hard to agree on a price if it is shifting so remarkably fast. Legislation has passed Parliament that will force cryptocurrency exchanges to disclose details of investors and transactions.
Australia's financial crime fighting agency AUSTRAC will be tasked with keeping an eye on trading to try to stop cryptocurrencies from being used for money laundering and financing terrorism.
First posted January 17, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. But why was that location picked and is a deal between the two countries likely?
Being stressed about your job could actually be something more sinister, findings by the Black Dog Institute reveal. The AFL has endured an agonising debate about changes to the way the game is played. Yet it seems that the referee being sacrosanct and the integrity of players' heads have fallen to the wayside this week, writes Richard Hinds.
By business reporter Carrington Clarke. Bitcoin prices plunged more than 20 per cent in the biggest sell-off for more than three years. Banks 'unwilling to work' with Bitcoin traders amid regulation concerns.
Buffett plans for the future … and it doesn't involve bitcoin. South Korea flags ban on cryptocurrency trading, rattles market. Bitcoin prices plunged more than 20pc at some points in the past day Other major cryptocurrencies had falls of more than 40 per cent Falls are due to concerns that South Korea will ban cryptocurrency trading.
Bitcoin v US dollar exchange rate. We asked if the Bitcoin price drop had affected you. Read the discussion in the comments. What bitcoin says about us Bitcoin is a formula almost guaranteed to end in tears, but still speculators pile in to the bubble, writes Ian Verrender.
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