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Home / Business / Bitcoin Today: Prices are falling as Bitcoin floats next to "Death Cross"

Bitcoin Today: Prices are falling as Bitcoin floats next to "Death Cross"



When Wall Street was preparing a long weekend, Bitcoin dealers did not celebrate.

The market capitalization cryptocurrency number 1 fell on Thursday as regulatory concerns returned to prominence and a technical level seemed too limited for comfort.

Here are the key stories in the cryptocurrency for Thursday, March 29th.

Prices Near Death Cross

Bitcoin prices fell more than 5% in early trading Thursday to slip below the $ 7,500 mark. The fall on Thursday morning saw Bitcoin fall to its lowest price since early February, with losses from 2018 down 48% in previous trading. The biggest decline this quarter is the largest in a single three-month period since 201

1. Thursday's decline brought Bitcoin close to falling below its 200-day moving average. Should Bitcoin reach just under $ 7,240, the 50-day moving average of the cryptocurrency could fall below its 200-day moving average, a phenomenon traders call the "death cross." According to Coindesk statistics, Bitcoin dropped as low as $ 7,330 Thursday, making it within striking distance of the menacingly mentioned technical level.

U.K.. Issues Warning

The Financial Conduct Authority in the United Kingdom issued a statement Thursday warning investors about an unregistered brokerage dealer in Bulgaria allegedly offering UK citizen cryptocurrency derivatives without regulation. The company, called Olsson Capital, is to offer products that are linked to a number of crypto currencies, including Bitcoin, Dash, Ethereum and Litecoin. "This company is not authorized by us and targets people in the UK," wrote the regulator. "Based on our information, we believe that unregulated activities are required for which approval is required." Olsson should not have received adequate registration as a licensed broker at FCA

China says "Crypto a Risk"

The People's Bank of China has drafted an agenda for the coming year on Thursday, protecting national currency against digital threats Assets identified as a top priority. Bank Vice Governor Fan Yifei said that protecting the Chinese yuan from potential cryptocurrency threats in 2018 will be one of its top three priorities. Fan added that the bank will work with other regulators to "correct various types of cryptocurrencies." [19659004] Collective Kids Take to Mining

Cyber ​​security firm Vectra released a report on Thursday showing that college students have begun to promote significant amounts of cryptocurrencies. Higher Education "outperformed" all other industries in "cryptocurrency mining attack behavior" from August 2017 to January 2018, Vectra said. "Cryptocurrency mining converts electricity into cash by using computing resources, which is very expensive without a free power source and a lot of computer resources with minimal security controls exposed to the Internet." Large student populations are ideal grazing grounds for cryptojackers, "wrote Vectra. Of the top 5 industries that have been mining significant crypto-mining since August, 85% of their activity is in higher education.

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