Bitcoin Today: Syscoin madness on Binance
Price
As has often happened recently, Bitcoin did not react on newly-established Bullish Trend Line and went sideways sliding below the 6600.0 to 6400 - 6500 zone. This zone still fits in the growth scenario; nonetheless, the longer the price will spend in the lateral low-volatile movement the higher probability of a fall. 6300 – 6500 zone should stay supportive for the bullish scenario. From the upside, 6700 – 7000 zone must be crossed with rising volumes in order to confirm that bulls are returning to the market.
Today forecast
Trading in the 6300.0 – 6600.0 zone.
Latest news
As has often happened recently, Bitcoin did not react on newly-established Bullish Trend Line and went sideways sliding below the 6600.0 to 6400 - 6500 zone. This zone still fits in the growth scenario; nonetheless, the longer the price will spend in the lateral low-volatile movement the higher probability of a fall. 6300 – 6500 zone should stay supportive for the bullish scenario. From the upside, 6700 – 7000 zone must be crossed with rising volumes in order to confirm that bulls are returning to the market.
Today forecast
Trading in the 6300.0 – 6600.0 zone.
Latest news
- Syscoin Hack Disrupts Binance Prompting Temporary Shutdown
Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to reset all APIs, which are believed to have facilitated the attack. - India Bitcoin Bank Ban in Effect July 5 After Supreme Court Decision
India’s Supreme Court has refused to extend a grace period allowing cryptocurrency entities to keep banking services beyond this week’s deadline set by the central bank.
According to various media outlets, the Reserve Bank of India (RBI) will now succeed in implementing its ban on cryptocurrency business support on July 5.
Exchanges and any other business dealing in cryptocurrency will no longer have access to banking services under the ban, meaning traders will be barred from withdrawing rupees via those businesses.
Local industry players had widely anticipated the deadline coming into effect, warning customers in advance of the potential for funds to remain in cryptocurrency.
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