3 reasons why Bitcoin failed to break above $72K

Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s (BTC) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31.Total crypto market cap, USD (in billions). Source: TradingViewThe cryptocurrency market was positively…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.The crypto markets are eagerly awaiting the launch of institutional trading…

The Venezuelan army turns to crypto mining as the country's economy collapses. 2125 Total views 21 Total shares The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent.Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new "Digital Assets Production Center of the Bolivarian Army of Venezuela." As the…

Authorities in India are reportedly weighing up options concerning crypto regulations in the country. 4847 Total views 7 Total shares India’s government is reportedly reviewing modalities for banning or regulating cryptocurrencies in the country.According to Bloomberg Quint, reports indicate that the government is in talks with financial regulators and industry stakeholders to examine the provisions…

According to Ben McKenzie, blockchain technology may still play an important role in the future of finance, but “rich and famous people pushing these products" haven’t yet earned the trust of investors. 769 Total views 3 Total shares Ben McKenzie, the actor known for his roles on TV shows including Gotham and The OC, is…

Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme.Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil.Unick…

Iran President Hassan Rouhani wants to protect national interests regarding crypto. 156 Total views 1 Total shares Iran is looking for ways to introduce a legal framework for cryptocurrencies while Bitcoin (BTC) mining remains under embargo in the country. During the Cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to…

On the lighter side of things in the cryptosphere, some Bitcoin (BTC) owners have been donating altcoins to the TOR Project — a nonprofit organization primarily responsible for running “The Onion Router.”For some Bitcoiners, the trend is a way of killing two birds with one stone — supporting the TOR Project and getting rid of “shitcoins.”…

On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of Facebook’s crypto odyssey: This week’s testimony followed two Libra-focused hearings, which were held in Congress earlier in the month.Indeed, while the…