Crypto Market Update – Bitcoin Below $8k, SEC cracking down
Quick look at the markets. Bitcoin drops below $8k which is not good news but is holding above $7800 for now. $7800 is an important level in terms of support and if it falls below this then we could see bitcoin dropping below $7k. Personally I am still bullish on bitcoin and holding for the longer term. I see new highs for Bitcoin before the end of the year.
The SEC created a dummy ICO site to show people how easy it is to set up a scam site – https://www.howeycoins.com/index.html
Japans biggest bank looks to be using blockchain payments by 2020 with 1m transactions per second.
Verge XVG has been hacked again which is not good for the coin in general and will shake some of their support. This is the 2nd time they have been hacked and I feel if it happens again it could kill their coin even with all the big hype over the deal with PornHub.
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Disclaimer: I am not a financial adviser and everything in this video is just my own personal opinion and not financial advise so its just meant to entertain and educate my audience. Everyone needs to do their own research and make their own decisions before investing as all trading, online businesses and cryptocurrencies carry risks.