Stable Prices in Cryptos Early This Week

Concerns regarding the value of a perceived property are being heard as the U.S tax deadline draws closer.

A Better Trading Environment Moving Forward

The downturn in cryptocurrencies the past two and half months has some analysts predicting the bear trend is a sign the digital asset market is maturing. And this ‘maturity’ is viewed as a good thing by many in the industry as governments have acknowledged the importance of Blockchain and its digital assets. Many analysts hope a supervised and regulated trading environment will make digital assets more efficient and less volatile in the future. Cryptocurrencies have certainly struggled since reaching euphoric heights late last year, but current prices may produce a better trading environment moving forward.

Ether Reverse from Lows Short-Term but Concerns Remain

Ethereum has been able to reverse from lows made last week when it touched 365.00 U.S Dollar’s per coin, and it is now trading near the 422.00 level. Strong resistance remains above 500.00 Dollars for Ethereum, while support appears to be around 356.00. Ethereum continues to make news regarding its technology and this can be viewed positively, but serenity for its speculators still seems tough to grasp as concerns weigh on the broad crypto market.

The Vanishing Asset Crisis for Cryptocurrency Traders via Taxes

South Africa announced earlier today it expects all cryptocurrency traders in its nation to report their results. And in the U.S, one of the major problems for traders reporting taxes will be based on their filing dates. If traders report earnings per the end of the calendar year 2017 – on the basis of perceived worth of property, it is quite conceivable the ‘real values’ of their assets have dropped dramatically since then – which will obviously create burdens concerning payments for assets which have now essentially vanished.

San Francisco FinTech Conference Today through Wednesday

The Lend-it FinTech conference will get underway in San Francisco today and last until Wednesday. It will include keynote speakers and seminars on digital banking, Blockchain and lending.

• April 9^th – 11^th, U.S, LendIt FinTech San Francisco

Yaron Mazor is a senior analyst at SuperTraderTV.

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