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Cryptocurrencies Stable After Yesterday’s Sell-Off, Goldman Sachs and Nasdaq Support Cryptos

NASDAQ Leader Adena Friedman Speaks Positively about Cryptos

The CEO of NASDAQ Adena Friedman gave a big thumbs up for cryptocurrencies yesterday via an interview given on CNBC. The head of NASDAQ said she is open to letting regulated cryptocurrencies trade on the exchange in the future when the digital asset market matures. Friedman was also vocal about the need for the Security Exchange Commission to expand its supervision over Initial Coin Offerings to protect investors.

A Large of Chorus of Opinionated Voices is a Certainty for Bitcoin

Bitcoin roared near the 9300.00 U.S Dollars level yesterday, but has been brushed back overnight and early this morning. The digital asset is trading near 8800.00 and speculative action has been fierce. Bitcoin has enjoyed a solid two-week uptrend. Important psychological resistance remains around the 10,000 level, while support in the short term appears to be the 7500.00 juncture. If Bitcoin breaks through resistance or falls below support, it will set off a large chorus of voices from either it’s always positive ‘camp followers’ – or its critics. The next two days of trading for Bitcoin will be intriguing.

Bitcoin Daily Chart
Bitcoin Daily Chart

Positive and Big Week for Digital Assets via Goldman Sachs and NASDAQ

It has been a positive and big week for cryptocurrencies as they have essentially gotten a vote of confidence from Goldman Sachs and the NASDAQ. However, this doesn’t mean the value of cryptocurrencies will trend in a positive direction. The bear market which has engulfed digital assets the past four months has not completely vanished. Traders need to remain alert and volatility is certain to be part cryptocurrencies as speculative elements remain powerful.

Moscow Hosting Two Day Blockchain Event                                                                                          

Moscow will host the World Blockchain Summit today and tomorrow. It will be attended by cryptocurrency leaders and Blockchain experts.

  • April 26th – 27th, Russia, World Blockchain Summit in Moscow

Yaron Mazor is a senior analyst at SuperTraderTV.

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Yaron Mazor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology and education. Ten years ago, Yaron sold all of his businesses and became a trader. Yaron started an education provider that taught thousands of people worldwide how to trade. Since then, he has traded every single day across every imaginable financial instrument Organic Trading System (OTS) is an unprecedented, new paradigm of trading technique, developed by Yaron Mazor. The trading system utilizes a combination of essential resources of market data (Fundamental, market participant sentiment and the basic concepts of trends), which are harmonically coordinated, in order to enable a relatively fast, simple and easy way to decide which side of the market to be trading from – the Buy side or the Sell side.