BTC Asset failed to break through the level of resistance from the daily timeframe of around $49.000, as expected in yesterday's review. The instrument goes to a correction to the support level at $ 47.500, of which bitcoin is turned, continuing efforts to grow. The price is trying to gain a foothold above the moving average exponentially 21 EMA 4 H, which will be the first signal for the construction of the upward movement. The Volume of trade does not grow with the decline in value, which indicates the completion of the withdrawal of the city.
In fact, bitcoin has set the price of a new local minimum, which is higher than the previous one, which increases the probability of another attempt to storm the resistance in the area of $ 49.000, according to the reaction of the price at which it will be able to draw conclusions about the scenario further. If the asset fails to gain a foothold above the level of the maximum price of the previous local maximum in the area of $48,300, waiting for the correction to support the $47,500.
ETH Ether has been reducing its value in the pair to the #BTC by 3.4% during the past day. Assets are consolidating above the support level around $ 3450, the immediate resistance around the $3650.
Subsequent amendments in the plan of the infrastructure of the US regarding the code of ethics cryptocurity announced by Abraham Sutherland about the proof of stake Alliance – An innovation to the section 6050I of the US tax will receive a number of digital assets worth more than $ 10,000 to verify the personal information of the sender (1). At this time, the tax code AS requiring the Recipient of more than $10,000 in cash to report the name and Social security number within 15 days.
The amendments in the infrastructure plans will extend this requirement to digital assets as well. It should be noted that for a violation of Section 6050I, the criminal penalties provided for up to five years in prison. The new initiative is a controversial decision, because it violates the secrecy and require things that are not possible, as well as amendments to the status of "broker", which caused controversy.
In general, as mentioned in previous reviews, the U.S. government was trying its best to improve the control over the new industry. Recently, the U.S. treasury Department added to the pressure on issuers of stablecoins, require these organizations to ensure the free conversion of digital assets related to currency to fiat (2). The efforts of the government aimed at reducing the risk associated with the payment of staples and "bank panic", which can destabilize the financial system as a whole.
Officials worry about the quick development of the sector capital and the possibility of issuing a token such as Diem Facebook. The involvement of the Financial Supervisory Agency of the Board of Trustees for the presence of an economic threat than stafecoins can lead to even more stringent regulations.
At the end of September, the U.S. house of Representatives will consider a package of infrastructure spent with amendments associated with the current underground, I believe the final version will show how much loyalty the U.S. government for a class of new assets will change.
Important news about the beginning of the testing in Shanghai from the stablecoin rely on the man on the block network Conflux (#CFX) increase the value of the #CFX current with 150% (against).
List Sperax (#SPA) on the Huobi exchange lead to the growth of the #SPA by 135% at the peak (to the dollar).
The announcement will come IDO Kalao in Avalaunch platform (#Xiaoli) causes an increase of 20% of the price of #XIAIVA (against the dollar).
The total value of digital assets decreased by 0.65% over the last 24 hours, the dominance of the main cryptocurrency has decreased by 0.4%. The possibility to see the recovery of the local market when #BTC remains above the mark of $48,300.