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Crypto.IQ Daily Radio Show July 3: Bitcoin (BTC) Has Risen $1,600 Since Yesterday Morning, Altcoins Continue To Weaken Relative To Bitcoin (BTC), Congress Demands Libra Moratorium
Manage episode 346993576 series 3121339
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On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) is up $1,600 since yesterday morning, but altcoins continue to decline relative to Bitcoin (BTC), aside from Tezos (XTZ) which has rallied 24%. It seems Bitcoin (BTC) may have bottomed out near support at $10,000, which is a bullish sign. We discuss how Congress is calling for Facebook to halt all Libra activities until regulators have a chance to dissect and regulate the project, casting doubt on whether Libra will ever launch. Hear about how CoinFLEX, which is a crypto exchange in the Seychelles, is launching initial futures openings (IFOs). Essentially an IFO is a speculative market on a token that has not launched yet, making it possible to bet on whether crypto projects will fail or succeed before their tokens go public. Learn about how Cuba says they are looking into using cryptocurrencies amid tightening sanctions and a worsening economy.
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