🗞 Daily Crypto News, April, 9th💰

in #bitcoin • 4 years ago

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  • 3 Options for Traders as Bitcoin Price Is on the Verge of a Breakout;
  • Bitcoin Doesn’t Care as US Debt Reaches an Unfathomable $24 Trillion;
  • Crypto Trading Volumes Rise in India After Banking Crisis, COVID-19 Lockdown;
  • This Is How G20 Might Keep Crypto And Stablecoins at Bay ;
  • How DeFi Dinner Bonds Can Help Restaurants During Crisis ;
  • 🗞 Daily Crypto Calendar, April, 9th 💰
  • Bitcoin Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 3 Options for Traders as Bitcoin Price Is on the Verge of a Breakout

Bitcoin price (BTC) is currently in a sort of stasis, unexcitedly trading in the expected range and over the past 48-hours dropping to the former rising wedge trendline at $7,150 and again to the $7,200 support before rebounding to the low $7,400 region.

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For the time being, the price is consolidating within the $7,200 to $7,460 range. The next thing bulls will be looking for is for BTC price to push above the recent high to set a higher-high above $7,663 before launching a move toward $7,992, where the 61.8% Fibonacci retracement currently resides.

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🗞 Bitcoin Doesn’t Care as US Debt Reaches an Unfathomable $24 Trillion

The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years.

According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is equal to $72,888 for each U.S. citizen, or $193,805 per taxpayer.

U.S. massive debt mountain mushrooms

The almost incomprehensible size of national debt comes weeks after the Federal Reserve began an unprecedented money printing program.

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🗞 Crypto Trading Volumes Rise in India After Banking Crisis, COVID-19 Lockdown

MUMBAI — India, the world’s second-most populous country, is increasingly embracing cryptocurrencies amid domestic economic issues and the nationwide coronavirus-related lockdown.

It started on March 4 when the country's highest court quashed a Reserve Bank of India (RBI) order dated April 6, 2018, which prohibited banks from providing services to entities dealing with cryptocurrencies. Activity on exchanges immediately picked up.

“There has been a considerable increase in trading volumes on exchanges catering to Indian clients due to the clarity offered by the Supreme Court’s ruling,” said Ashish Singhal, founder and CEO of cryptocurrency exchange CoinSwitch.

🗞 This Is How G20 Might Keep Crypto And Stablecoins at Bay

Triggered by the expansion of cryptocurrencies and private stablecoins, new intergovernmental initiatives are emerging in order to solve problems of the global financial system and keep public cryptoassets at bay.

Earlier in April, the “central bank of central banks” said that the world might see central bank digital currencies (CBDCs) sooner than expected. And today, the Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, announced that it has completed the first of three steps asked by the Group of 20 (G20) major economies in developing a roadmap for cross-border payments.

As a reminder, in October 2019, the Group of Seven (G7) largest advanced economies instructed its members to compete with cryptocurrencies and stablecoins by improving the existing financial system – and consider issuing digital fiats.

🗞 How DeFi Dinner Bonds Can Help Restaurants During Crisis

Blane, who works at ConsenSys, means Dinner Bonds, digital gift cards with a DeFi twist. Blane hopes they can help restaurants survive the enforced quarantine period.

DeFi Dad was inspired by the story of 232 Bleecker, a New York City restaurant specializing in healthy fare like a grilled monkfish with caraflex cabbage and habanada jam ($27). It now offers the bonds as a way for customers to help keep the kitchen going during this prolonged period of uncertainty.

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The idea is for diners to invest $75 now with the promise of receiving a $100 gift card if and when their neighborhood haunt reopens. That 25 percent customer bonus is effectively the price Executive Chef Suzanne Cupps is willing to pay for sharing the risk her restaurant never reopens.

🗞 Daily Crypto News, April, 9th💰

  • Bitcoin Cash (BCH), Celsius (CEL), General Event (CRYPTO), Maker (MKR), MenaPay (MPAY), Monarch (MT), Neo (NEO)

Istanblock 2020 from April 9th to 10th in Istanbul.

  • IoTeX (IOTX)

"AMA Livestream w/ IoTeX Founders is coming next Thursday, April 9 from 10AM - 11AM PST."

  • TRON (TRX)

"There will be an AMA in #TRON whale group at 19:00, Apr 9(HKT). I will have an exclusive dialogue with Johnny Lyu..."

  • HedgeTrade (HEDG)

"Starting April 9, 2020, HEDG will be listed on the Bitcoin.com Exchange!"

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Bitcoin Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

As you can see we just broke the upper line of the triangle but look how that break is weak and that we are consolidating just upper that line. It is not a normal move when we break a so big triangle. So I suspect that a massive move is in preparation and that it won't be a UP so be very carefull... If we don't take distance from that upper line, the correction is imminent.

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