Crypto News | Cryptocurrency market situation

In today’s news review we bring you in-depth analysis of all of the important cryptocurrencies. As you probably now, cryptocurrencies are about to change the way we think of money and the way we do business, so you simply have to be informed on the cryptocurrency market situation. We’ll begin our report with the price of bitcoin. In the last couple of days, it has fallen a bit, but its price is still higher than $16,000. According to some analysts, bitcoin’s uptrend will move towards its pattern target of more than $24,000. As you can see, experts think that it makes sense to keep investing in this bitcoin, as the craze is still pretty strong.

The second cryptocurrency on our list is ethereum. In the last couple of days, ethereum has been making quite a progress – it has jumped 89% within seven days and its price is now $784.77, but most analysts think that ethereum is about to hit a downward slope. Given this information, you may have the chance to make a pretty smart investment if you act now.

The next cryptocurrency we’d like to underline in our today’s edition of crypto news is bitcoin cash. Its current price is higher than $1750. However, according to the latest predictions, bitcoin cash won’t sustain the higher levels, so you might want to prepare for a drop here, too.

There is one more cryptocurrency we have to mention in our article – Litecoin. Litecoin’s price is at the moment higher than $310 and it’s quite likely that will stay that way. It reached high of $342.237 recently, but now remains in the mode of strong resistance.

Besides the cryptocurrency market situation, we have some other interesting news, as well. We’d like to highlight the situation with the U.S. tax reform. According to the latest information, there are some Republican senators who disagree with the tax reform as currently written. For example, Florida’s Marco Rubio has some issues with the child tax credit, as does Mike Lee from Utah. The bill’s authors agreed on the percentage of income tax rate for the richest taxpayers. They lowered it to 37 percent from 39.6 percent.

 

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