by bitcoinist 01/10/2019
The Bitcoin price abruptly fell $250 January 10 as a fresh wave of volatility washed away the calm which had characterized markets this week. Easy Come, Easy Go Data from Bitcointicker shows a curious retracing for Bitcoin Thursday, the largest cryptocurrency dropping from $4050 to $3800 in minutes. The move down cancels out gains from January 7, which saw BTC/USD make an identical move in the other direction – from $3830 to $4020. Bitcoin remains
Bitcoin futures are trading below the cryptocurrency's spot price, signaling market participants have a bearish outlook on bitcoin over the coming months.
If bitcoin breaks above a key moving average, it could be considered a sign a bearish-to-bullish trend change has begun.
Russian economist, Vladislav Ginko, says Russia is looking to invest $10 billion in Bitcoin as the State Duma has put cryptocurrency legislation high on the agenda for 2019. Rumored $10 Billion Bitcoin Investment Ginko, an economist with ties to the Kremlin, says the Russian government will convert some of its USD reserves into Bitcoin, a move that could start as early as February. Last week, Bitcoinist first reported on the government’s rumored plans to ditch the Dollar