Day: May 2, 2019

Fundstrat: Bitcoin (BTC) Bulls Are In Control, Per Mounting Evidence

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Bitcoin Looks Bullish, According to Fundstrat After 14 months of brutal bear market conditions, data and other pieces of evidence are finally starting to accentuate that Bitcoin bulls are taking control of the BTC price wheel once again. In a recent Twitter thread, Ken Xuan, a researcher at Fundstrat, noted that while there remains a “fairly high level of skepticism and apathy towards [the] recent recovery in crypto prices,” evidence is mounting that bulls are back in control, and more importantly, are preparing to kickstart a large rally to new…

Bitcoin (BTC) Closes April Up 30%, Can The Momentum Continue?

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Bitcoin Monthly Candle Closes Strong Just the other day, the April monthly candle for Bitcoin (BTC) finally closed. It marked the third month in a row that the cryptocurrency had posted gains, and in the eyes of some, marked the end of 2018’s brutal bear downtrend, which sent BTC from an all-time high of $20,000 to a mere $3,150. Bulls, rejoice. As trader DonAlt notes, due to April’s 25% gain, BTC has broken a key monthly resistance and closed above it, the first time such an event has occurred since…

Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

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The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26. The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1 and will go into effect in late July. The new law has a clause which prevents discriminating against electronic records which…