Day: June 1, 2019

Crypto Markets Show Signs of Recovery, While Oil Prices Slump

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Friday, May 31 — cryptocurrencies are on the rise again after seeing a slight correction yesterday, May 30, with EOS (EOS) being the only coin among the top-20 cryptocurrencies to register double-digit gains. Market visualization by Coin360 The leading digital currency bitcoin (BTC) is up slightly over 3% on the day, and is trading at $8,573 at press time. On its weekly chart, bitcoin saw its lowest price point at $7,924 on May 26, while its highest price point of $8,994 was on May 30. Bitcoin 7-day price chart. Source:…

Bitcoin (BTC) Could Surge By 60% In The Coming Two Months: Analyst

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Bitcoin Set To Run Bitcoin (BTC) has just closed its monthly candle, touting an impressive 63% gain. This is crazy, especially considering that just a few months ago, cryptocurrency bulls were nowhere to be seen, wallowing in a bear market-induced depression. Now, however, bulls are dominating the market with an iron fist. This has led one analyst, Roger Quantrillo, to make some surprisingly optimistic predictions. The trader recently suggested that due to the fact that Bitcoin closed its monthly candle above $8,300, he would be inclined to suggest that BTC…

G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments

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G20’s international watchdog, the Switzerland-based Financial Stability Board (FSB), said in its latest report that regulators need to improve their risk assessment strategies regarding financial activity in the crypto space, according to a report by Reuters on May 31. The report noted that one potential risk assessment metric regulators could look at is banks’ and other financial entities’ degree of exposure to cryptocurrency. The report also added that the FSB does not currently believe that crypto poses “a material stability risk” to the financial sector. As per the report, existing…