Bitcoin Range Bound Remains the Theme

Bitcoin has managed to stay above $8,000 for sometime.  Can it break above $9,000?

Bitcoin is struggling with the regulatory problems.   This time, it came from the U.K.  Seven of the largest cryptocurrency companies have come together and formed a self-regulatory body in the U.K.  This is good news.  Last Tuesday, the Senate Banking Committee hearing called for greater consumer protection for the cryptocurrency trading.

Perhaps, these measures can stabilize the Bitcoin trading activities, which is good for the consumers.

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