A comprehensive survey from India’s CoinDCX exchange has found that most local investors don’t see an “easy way” to access exposure to crypto assets. That’s despite the country reversing a ban on financial institutions providing services to digital asset businesses earlier this year. According to the OKEx-affiliated exchange’s findings, 56% of respondents under the age of 40 assert there is stil “no easy way to enter” the markets. This sentiment is also shared by 60% of respondents earning less than 500,000 Indian Rupees ($6,700) per year. Many segments of India’s…
Day: November 27, 2020
Price Sheds Two Thirds Upon Reversal
Bitcoin price this week reached a high of $19,500, following a six-week, 60% rally. From the moment the first-ever cryptocurrency made it above $12,000, on 3-day timeframes, there were twelve consecutive green candle closes without any red. The extreme bullish impulse caused one specific technical indicator to reach the highest reading in history – reached only three times prior, all before 2014. Each time, an average correction shaving two-thirds off Bitcoin’s price took place after momentum finally turned downward. Will a historic selloff follow this previously unstoppable rally? Bitcoin Price…
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