Bitcoin Faces Close Below Long-Term Support In First Since 2015
If bitcoin closes the week below the 50-week moving average it will increase the likelihood of a sell-off to $6,000
Barclays Testing the Waters for a Cryptocurrency Trading Desk
While the big banks are usually very skeptical of bitcoin in public, below the radar they could all already be making plans to gain a foothold for themselves in the ecosystem. The latest example is Barclays that is reportedly asking clients about a possible move into the crypto trading space. Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million Testing the Waters British banking giant Barclays (LSE: BARC) is supposedly considering launching a cryptocurrency trading desk. The bank is trying to figure out if there is enough demand from its clients including hedge funds, big investors and the like for it to enter this new line of business. This would make Barclays the first major bank in London to offer such a service. Although the bank says it still has no specific plans to launch a cryptocurrency trading desk, sources have revealed it has conducted a preliminary assessment of demand and feasibility. “We constantly monitor developments in the digital currency sp...
