The сrypto-currency market is inactive. The rules of the game become tougher

At the beginning of the new trading week, the world’s leading crypto-currencies are not marked by significant volatility, while the average price changes by 2.00%. The market is under preessure of the exerted tougher regulation of trading in crypto currency.

The government of South Korea intends to require crypto exchanges to provide banks with data of customers who carry out transactions in crypto currency. These regulations take from the crypto currency one of the most important advantages, namely the anonymity of users. That is why the demand for crypto-currencies may decrease.

Technical analysis: The price of bitcoin moves in a narrow range with a resistance at $ 11,700.00, and support at $ 10,300.00. One should consider more significant levels of support and resistance at $ 9 000.0 and $ 13 000.00 respectively. After the breakdown of these levels it will be possible to talk about the further movement of the price of the crypto currency.

Fig. BTC/USD. The current price is $ 11,434.810.

Alexander Sivtsov