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The market data is provided by the HitBTC[1] exchange.
The question whether the American regulators classify Ethereum as a security[2] or not is taking center stage because it might have serious ramifications on the crypto world. Though it is not a decision that will be made in a hurry, still, the news will be keenly watched because of its possible widespread impact.
At the same time, the increased[3] regulations in Japan and Hong Kong[4] are forcing the cryptocurrency exchanges to shift to more regulatory friendly nations.
Korea is another nation where the daily transactions of digital currencies have plunged due to various regulations. The new governor at the helm of South Korea[5]’s Financial Supervisory Service (FSS) sees “some positive aspects” to digital currencies. However, what he does to support the crypto world will be interesting to see.
Nick Colas, the Wall Street brokerage analyst[6] who started covering Bitcoin (BTC) in 2013, believes that investors should not[7] buy Bitcoin at the current prices.
We, on the other hand, believe that most of the top cryptocurrencies are forming bottoms. Though it may not be a vertical road to recovery, they will offer enough opportunities to trade. Let’s see the ones we like today.
BTC/USD
Bitcoin[8] could not break out of $10,000 on May 05 and May 06. Later, prices turned around and broke below the support line of the ascending channel, which is a bearish sign. Currently, the 20-day
