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Bitcoin News Roundup for April 17, 2020

Bitcoin could rise to $8,000 while the EU dumps a decentralized solution. It's CoinDesk's Markets Daily podcast.

Оновлено 14 вер. 2021 р., 8:30 дп Опубліковано 17 квіт. 2020 р., 4:00 пп Перекладено AI
MD FEB 27 RELEASE

Bitcoin could rise to $8,000 while the European Union dumps a decentralized solution. It's CoinDesk's Markets Daily podcast.

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Today's stories:

Bitcoin Options Trading Hits One-Month High as Price Turns Bullish

US Lawmaker Calls Libra's Revamp Insufficient

Decentralized Protocol Removed From EU Contact Tracing Website Without Notice

CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M

Russians Troll Government COVID-19 App With 1-Star Ratings, Harsh Reviews

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Bitcoin's bearish turn deepens as 75 out of top 100 coins trade below key averages

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Crypto's bear grip squeezes tighter as 75 of top 100 coins trade below 50- and 200-day SMAs.

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  • 75 of the top 100 coins trade below their 50-day and 200-day simple moving averages.
  • Major cryptocurrencies like bitcoin, ether, and solana are underperforming the key averages, denting risk sentiment.
  • Only eight of the top 100 coins are considered oversold, indicating that most coins may still have room to fall further.