Bitcoin Today: Vitalik against centralized exchanges
Price
BTCUSD continues to alternate large jumps with horizontal movement, one more buy-in on Saturday brought the pair above the 6600.0 level and sent it into a flat movement on 6700.0. Nonetheless, it is too early to identify the turnaround pattern of the June fall, to confirm the turnaround tendency - we will need to see the price above the 7000.0 level. For the current situation, 6600.0 level should stay supportive for the further price growth; and 7000.0 level is our next target. In case of a confident breakthrough of the 7000.0 level, we will consider it as a confirmation of the turnaround pattern formation.
Today forecast
Trading in the 6600.0 – 7000.0 zone. A breakthrough above the 7000.0 – bullish signal. A breakthrough below 6400.0 – bearish signal.
Latest news
BTCUSD continues to alternate large jumps with horizontal movement, one more buy-in on Saturday brought the pair above the 6600.0 level and sent it into a flat movement on 6700.0. Nonetheless, it is too early to identify the turnaround pattern of the June fall, to confirm the turnaround tendency - we will need to see the price above the 7000.0 level. For the current situation, 6600.0 level should stay supportive for the further price growth; and 7000.0 level is our next target. In case of a confident breakthrough of the 7000.0 level, we will consider it as a confirmation of the turnaround pattern formation.
Today forecast
Trading in the 6600.0 – 7000.0 zone. A breakthrough above the 7000.0 – bullish signal. A breakthrough below 6400.0 – bearish signal.
Latest news
- New US Exchange Opens
The American crypto trading market is getting a little bit more competitive with a new exchange opening. HBUS, a strategic partner of Huobi, has begun accepting new user registrations by U.S. residents on July 6th. Users are able to deposit BTC, BCH, ETH, ETC, LTC, USDT, CVC, DASH and TUSD. The actual marketplace will go live on July 10th, when users will be able to trade and withdraw funds. The launch is not nationwide yet as HBUS does not currently serve residents in Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington.
“Our strategic partner, Huobi, has grown to be the largest digital asset marketplace globally. As investors‘ acceptance of virtual currency and digital asset increases, we have seen incredibly high demand in the U.S. We are excited to launch as Huobi’s strategic partner, to serve the growing number of people participating in virtual currency trading,” commented Frank Fu, CEO of HBUS. - Vitalik Buterin states about his negative view on the centralized crypto exchanges
Vitalik Buterin has recently expressed a deep hatred for the particular business model at the heart of the current crypto trading ecosystem. “I definitely hope centralized exchanges go burn in hell as much as possible,” he said. A particular issue the Ethereum founder raised was how the centralized platforms can extract up to $15 million from projects that want to list their ICO tokens. According to Buterin, crypto-only exchanges are preferable to venues which offer fiat pairs as “the fiat world only has centralized gateways.” And he also seems to not be a big fan of Bitmain and its growing power. “Back in 2013, when GHash had 51 percent everybody freaked out. It’s happening a second time and people aren’t really talking about it this much,” Buterin said at a Techcrunch event.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.