NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

Brexit Wins, BTC Goes Up, and DAO Hacker Makes First Contact

newsbtc
newsbtc
1 year ago
2 mins read
pexels photo

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

This week was packed with geopolitical and geoeconomic shocks all around the world. Brexit, the Colombian Government dialogue with FARC (Communist Guerrilla), and the Venezuelan OAS (Organization of American States) discussion sent ripples across the world’s stock and forex markets.

Bitcoin suffered from volatility increase, sending the price into a rollercoaster. According to the data from Bitfinex Bitcoin was incapable of breaking through the $789.78 mark it previously set. After that, it was downhill:

Weekly Analisys week 2

Bitcoin lost $220.43 of its value forming a retracement to the 61.8% golden rate ($569.35). This bear movement was further incentivized after Bitfinex suffered from major service outages, forcing a halt of the trading engine.

Brexit Causing a Bitcoin Price Surge?

The price found a support level and quickly made an upward movement, yesterday’s trading session was especially interesting as the ‘Referendum of the United Kingdom’s membership of the European Union’ AKA ‘Brexit’ polls started to show the real possibility of a win for the separatists -which was made official after the ‘Leave the European Union’ option secured a 51.9% result-.

These rumours ignited a strong upward movement that found a climax at the $680 mark (where the 360MA of the hourly chart is at) and then entered a consolidation phase. If the price keeps refusing to overcome the $680 mark, we may see it retracing to the 38.2% ($631.85) and 50% ($617.28) Fibonacci golden rates. Expert Bitcoin trader Gerardo Mogollón told NewsBTC:

Bitcoin will consolidate in the comming days, preparing itself to the inevenitable halving event.

According to Gerardo, Bitcoin has been a godsend to those wanting to participate in the stock markets:

Bitcoin enables people to trade in international market. Previously, one needed a $25,000 bank account to do that, with Bitcoin, you just open an account with a service provider like SimpleFX. Bitcoin democratises the access to trading tools.

On another order of ideas, Ethereum and DAO Token holders received troubling news, the holder of the address who infiltrated the child DAO created by the white-hat hackers (who rescued more than 7 million ether) made contact with Bitcoin Suisse AG Bitcoin-centered Swiss company, the attacker left a message stating its desire to go public:

I have the following message for you all. I do not feel it is in anyone’s best interest to allow the white-hat DAO funds to go anywhere at the moment, so I will prevent this. I am currently considering my options. You will hear from me soon.

Fabian Vogelsteller, lead designer and a member of the Ethereum foundation confirmed the validity of the message’s signatures. Many members of the community speculate that this is just a move to cause confusion and buy time, as soft fork polls show that users are in favor of a protocol update to freeze the attacker’s funds.

All in all, this was an action-packed week who leaves us with a couple of questions: Will Bitcoin price consolidate and go past the $680 mark? Will the Ethereum’s Soft fork crystalize?

Image via Pexels

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

TOKEN6900已募資突破53萬美元 達成硬頂10%

當你把毫無計畫、類似邪教的追隨者,以及加密貨幣混在一起會發生什麼? 令人滿意的是,僅用了兩周,你就能看到超過 53萬美元 的融資成果。 但如果你以為 TOKEN6900(T6900) 的崛起歸功於某個...

estherw 2 hours ago
Bitcoin

If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says

Bitcoin climbed past $122,000 this week, marking its fourth straight month of gains. It even touched $123,000 Monday before dipping...

Christian Encila 2 hours ago
Bitcoin

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold...

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Attempts a Comeback

Bitcoin Price Dips — Is This the Calm Before the Surge or the Storm?

Aayush Jindal 23 minutes ago
On-Chain Data Shows Key Bitcoin Support & Resistance Levels—Here’s What To Expect

On-Chain Data Shows Key Bitcoin Support & Resistance Levels—Here’s What To Expect

Samuel Edyme 54 minutes ago

Google AI預測2025年山寨幣千倍幣:XRP、Pi幣與Snorter強勢爆發

Mark Mak 2 hours ago

Premium Sponsors

Press Releases

  • e 3 coiny poniżej 1 dolara mogą zamienić 200 dolarów w...

    6 hours ago
  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    12 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    12 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    13 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.