The fundamental situation in the cryptocurrency market is ambiguous, that is why most of the currencies move within the commercial interval established last week.
The bad news is China continues to apply the hard-line policy towards cryptocurrencies especially bitcoin. The positive news comes from Germany.
The Ministry of Finance published the decree that legalizes Bitcoin as a legitimate means of payment in the country. In addition, the text mentions that purchases made with crypto currencies are exempt from taxes. News of this type are good reasons for cryptocurrencies to grow.
CFTC, the US futures regulator, allowed its employees to operate with digital currencies. However, the use of leverage and internal information is prohibited. That is, all operations with futures are not paid for the employees of this organization. Now it is advisable to open the long positions of Bitcoin having as immediate objective 11700.
