Disturbing matters related to providing information about the current status. The Indian government has announced today that it will not be treated as the next step. Green light was left only with blockchain technology - according to Arun Jaitley, Indian finance minister, quoted by Bloomberg.
Perhaps this disturbing information will return, the bitcoin rate is declining today by almost 9%. And, according to the Coinmarketcap service, it broke the bottom of the day at $ 9 402. Today at 15:00 its price published by Coinmarketcap village is $ 9 286. These are levels not seen since November 25. Information on the January bitcoin breach is included on the quotation statement with the exchange data. For example, on the Bitfinex stock exchange, the bottom of January 17 at the level of $ 9,231 is not yet different. Due to the fact that the central bank is divided into banknotes, it is not a transaction. Coinmarketcap.
On the one hand, the information coming from India is worrying because it concerns a large market. On the other hand, in the statements of the finance minister, there is no (so far) speech about introducing any prohibitions on investing in cryptocurrencies. There is only talk of eliminating cryptocurrencies, which is currently limited to the minimum due to large fluctuations in their prices. Though the Indian Ministry of Finance has already warned that in the case of crypto accounts, there is an increased risk of losing money in the financial pyramid.
We can already see that Asian countries are trying much faster to regulate the issue of cryptocurrencies than it does on other continents. China introduced a total ban, Japan regulated the market, and South Korea banned anonymous transactions.
Other negative factors that have appeared since the beginning of this week, ie the control of US financial supervision in one of the largest Bitfinex cryptocurrencies, the ban on their advertising and ICO via Facebook, and the largest cryptocurrency in the market history from customer accounts on one from Japanese exchanges. Also, large investors on Wall Street are still betting on the decreases of bitcoins.
Although the price of bitcoin is dangerously close to $ 9,000, investors still hope for technical analysis. The course has been stabilizing between levels of approx. 9-10 thousand for two weeks. dollars from the bottom and 12-13 thousand. dollars from above. In recent days, we have come close to the lower limit of this "small stabilization", according to technical analysis there is now a high probability of rebounding and moving towards the upper limit.