Bitcoin Gains, Near $13670 – Bullish Trend Continues
Jan, 15th 14:47
In the last four days Bitcoin was down as much as 23 percent at one point in the second week of 2018, but far from being a dip, it has been a steady decline – which was far more nerve-wracking. Cryptocurrencies across the board have had some tough times in general, as the Bitcoin price is inexplicably linked to most of the top altcoins.
South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies were still in talks to decide how to regulate the market.
Currently Bitcoin is up around 2% at $13,672. That has pushed its market capitalization up to $232 billion.
Ethereum, the world’s second largest cryptocurrency by market cap, was down 1% at $1,321. It hit a lifetime-high of $1,423.20 on Saturday.Meanwhile, Ripple’s XRP token was trading at $1.806, down around 3% for the day.
On the technical charts, BTC/USD is moving sideways on the daily charts. The MACD is below the signal line. The RSI is at 45.56.
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