Criptos (Newsletter): ¿Permanecerán las criptomonedas en la sombra?

Resumen:

• El G20 será el escenario de un debate acerca de regulación de critpomonedas
• El Tron y el Ethereum cooperarán en un proyecto común
• Análisis técnico del Bitcoin y el Ethereum
   

¿Será la reunión del G20 crucial para el futuro de las criptomonedas?

La ciudad japonesa de Fukuoka recibirá la próxima reunión del G20 los días 8 y 9 de junio. En dicha reunión, los presidentes de los bancos centrales y ministros de finanzas debatirán acerca de las criptomonedas en el contexto de AML (Anti-Money Laundering). El evento se centrará en el terrorismo financiero y las transacciones con criptomonedas se analizarán desde tal perspectiva. El G20 está obligado a establecer para el mercado de criptomonedas las denominadas FATF (Financial Action Task Force), una suerte de comité para determinar las acciones financieras necesarias con respecto al mismo. Representantes de la cúpula se centran en establecer una identificación más personalizada por parte de los agentes involucrados en pagos con criptomonedas, con objeto de limitar su uso (y abuso) a manos de organizaciones terroristas. 

¿Significa lo anterior que la impersonalidad de las criptomonedas está llegando a su fin? El juicio aún es lejano, si bien la decisión del G20 será significativa para este mercado y los inversores no deberían perderle ojo.

The partnership between Tron and Ethereum

Justin Sun, CEO of decentralised e-commerce platform Tron (TRX), announced during The Crypto Chick podcast the following that "Officially, Tron's ecosystem start a partnership with Ethereum". The main aim of Tron, as it’s the case for Ethereum as well, is to build an ecosystem which enables to programme decentralised applications (dApps) and smart contracts. It is worth mentioning that Justin Sun made the acquisition of BitTorrent - the oldest p2p platform in June 2018. The platform will most likely be integrated with a Tron's system in the future. It might have a positive influence on Tron and perhaps on Tron and Ethereum value too.

Will the cooperation of competitors be a sign of the consolidation in cryptocurrency industry? A huge depreciation of cryptocurrencies from 2017/2018 peaks, decreasing payoffs for minors and elevated costs of mining  - all of that has affected the industry. Along with the market development and rising costs, it is expected that even more cooperation and acquisition activity could take place there in the future. It is a natural process of every market development giving opportunities to gain a competitive advantage.

Technical analysis: Bitcoin and Ethereum

Bitcoin

Bitcoin is losing some pace after experiencing a strong bull market last week. The price is consolidating around the key level of $5255. At this level some signs of bears’ presence have been spotted. Presumably, the price may be moving within a $4777-5255 range. A breakout of one of these levels would give some room for the price to hit either $4117 (support) or $6000 (resistance).  The key level of $5535 can get in a way of $6000. Note that this level ($5535) halted the bulls last year.

Bulls have some problems to pass through the last week highs. Source: xStation5.

On the 4-hour chart, one may notice that bears have shown their strength in the vicinity of $5255. A breakout of the SMA20 and trendline would be a clear signal for the price to reach the key level nearby $4777.

Bears are taking over bulls. Source: xStation5.

Ethereum

Ethereum reflects the Bitcoin's price quite well. Both cryptocurrencies are highly correlated. A bigger move at one of the charts should be a warning sign for investors.

Bitcoin and Ethereum are highly correlated. Source: xStation5.

Ethereum tested the key level of $183.5. Price action suggests selling pressure and bears are aiming for $160.555. This key support area would be crucial for future price moves. A breakout of $160.55 might cause a sell-off and return to a previous consolidation.

Bears are aiming for the key support area at $160.55. Source: xStation5.