Bitcoin Today: Lazy tendency
Price
BTCUSD spent weekends above the 7600.0 level, still did not manage to gain momentum and returned to the 7600.0 mark today. Despite frequent corrections, the price holds in the bullish bias. Bearish Trend Line will be met on this week, in two days if growing tendency will remain. 8000.0 Level should be tested after conquering the Bearish Trend Line. 7000.0 – 7600.0 zone stays supportive for the growth scenario.
Today forecast
Trading in the 7400.0 – 8000.0 zone. Upward impulse to 8000.0 is possible.
Latest news
BTCUSD spent weekends above the 7600.0 level, still did not manage to gain momentum and returned to the 7600.0 mark today. Despite frequent corrections, the price holds in the bullish bias. Bearish Trend Line will be met on this week, in two days if growing tendency will remain. 8000.0 Level should be tested after conquering the Bearish Trend Line. 7000.0 – 7600.0 zone stays supportive for the growth scenario.
Today forecast
Trading in the 7400.0 – 8000.0 zone. Upward impulse to 8000.0 is possible.
Latest news
- ZenCash Target of 51% Attack; Loses More than 500k in Double Spend Transactions. ZenCash is a Proof of Work cryptocurrency based on the Equihash mining algorithm. Equihash is used by several other popular currencies, most notably ZCash, meaning that there is a very large pool of total Equihash hash rate in the world that can be used on a variety of networks. ZEN is a fork of ZClassic that launched in late May 2017, using the same codebase as ZCash.
Yesterday, the ZenCash network experienced a 51% attack, where one person or party controls 51% of the hash rate. The hash rate influx allowed the attacker to reorganize the blockchain several times, with the largest rollback reversing 38 blocks. The attacker also was able to double spend two massive transactions – 13,000 and 6,600 ZEN – worth more than $550,000 at current prices, according to a statement made by the development team. Mining pool operators notified the ZenCash team of a potential attack and exchanges were quickly contacted and warned to increase confirmation times. - Venezuelan Authorities Raid Mining Operations After Instituting Ban. Venezuelan authorities have sought to crack down on cryptocurrency mining, with local media reporting that government has banned the importation of mining hardware into the country. International shipping companies such as DHL, Domesa, and Learexpress have been informed of the prohibition on mining hardware imports. The raids are being carried out just a few months after the Venezuelan government requested that the country’s mining community create a national registry of miners – at the time inciting suspicion among Venezuelan cryptocurrency users.
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