Crypto News | Bitcoin price predictions

In today’s news report, we bring you the latest Bitcoin price predictions. As we can see in the new analysis of Goldman Sachs, the recent price drop below $10,000 could be seen as a possible correction in price. In other words, analysts think that the market might find a base around $9,978. It can be concluded from this that the drop could stabilize and even reverse at this level. The price of the cryptocurrency dropped to a $9,199.59 before it began to rebound. We think you can rely on these new Bitcoin price predictions because its current price is $11,243.59.

The second piece of today’s news comes from the state of Colorado. A new state bill that was introduced to the Colorado Senate suggests using blockchain technology in order to secure private data from cyberattacks. According to the bill supporters, the bill could eliminate the need for paper records and in-person updating of such data. The blockchain system would create more secure record. This might be the next big step for blockchain technology in general and will definitely have some consequences on the cryptocurrency market as well, so will keep your eyes on the situation in Colorado, as well.

As for the other news, the price of oil is steady above $69 a barrel. Crude’s price is high due to supply cuts led by the Organization of the Petroleum Exporting Countries and due to the situation in Nigeria. A group called Niger Delta Avengers promised to attack Nigeria’s oil industry in the upcoming days. As you can guess, threat of that kind is definitely significant on the global level.

The last thing we have to discuss has to do with Uber. Uber Technologies has made a deal with a taxi company from Singapore, and they will launch a new ride-hailing service in Singapore from Friday. It’s a consequence of a new policy of Uber’s Asia Pacific chief that tends to give priority to collaboration with traditional taxi firms. The taxi company operates about 13,700 taxis in the city state.


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Author: Max Rothstein

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