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Crypto

Russia signs the cryptocurrency bill.

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Yesterday, Russia signed the cryptocurrency bill into law although decentralized cryptocurrencies will be considered a type of property, which should be reported for tax purposes and cannot be used to pay for good and services.

In BTC, The relative strength index is just under the bullish control zone. With 11.5k acting as both resistance and the horizontal top of the flags body.

Gaps can be spoken about all day, but if CME had been a thing back in 2017 during the last bull run, we would have had the most littlest gaps in the BTC chart.

 It’s ok to be a bull or bear, just know when to switch sides.

BTC is leaving little confirmation requirements remaining after this move. Should 11.5k resistance be broken, sky is the limit. Of course there will be pullbacks and it could be ugly. But the Trend could also continue.

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Crypto

Bullish momentum for Bitcoin.

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Bitcoin price gained bullish momentum above the USD 52,500 resistance level. BTC even cleared the USD 53,251 resistance and it is currently  showing positive signs. If the bulls remain in action, there could be a steady rise towards USD 55,100.

Similarly, most major altcoins are extending gains. ETH gained traction and it even tested the USD 2,510 zone. XRP/USD broke the USD 1.157 resistance and it might continue higher

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Crypto

XRP up 100% in a week.

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As organized pumping and dumping efforts continue to spread, the cost of XRP has multiplied in the previous two days, while other as of late siphoned coins have just smashed from their new highs in twofold digits.

On Saturday, XRP was exchanging at USD 0.281 before the convention strengthened and pushed the cost to USD 0.59 by Monday morning . A the hour of composing, the cost is up by 42% in a day and 113% in seven days. It bounced by 145% in a month and 144% in a year.

Additionally, XRP is back as the third biggest cryptoasset by market capitalization, after it slammed because of an administrative crackdown in the US.

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Crypto

Correction is the order of the day for cryptos.

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Bitcoin price is correcting gains from $ 40,500. The previous breakout zone near $ 36,550 could act as a strong support. As long as BTC is above $ 36,550, it might start a fresh increase towards the $ 40,500 level.

Many altcoins climbed over 8%, including VGX, IOST, DOT, CRV, BTCB, ATOM, HED, NEXO, LINK, and ABBC. Out of these, IOST started a strong increase after it broke the $ 0.021 resistance.

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