Bitcoin Price Drop to $2.5K Possible if Bulls Fail to Retake $7,350

Bitcoin (BTC) price took a seemingly unexpected turn over the last week as the digital asset shed nearly $2,000 over the past 5 days. Last Sunday Bitcoin looked strong with a peak at $8,727 but by Friday the price found a floor at $6,776.   With a drop of 22% within just 5 days, can investors expect a bounce to reclaim the lost ground, or will Bitcoin head to new lows to close out 2019? Let’s take a look at what could happen next. Daily crypto market performance. Source: Coin360.com Why…

Gladius Dissolves Ignoring SEC Order to Refund $12.7M ICO

Distributed cybersecurity startup Gladius dissolved without complying with the United States Securities and Exchange Commission (SEC) to reimburse investors. The firm’s co-founder and chief technology officer Alex Godwin announced the dissolution of the company in a message sent to the project’s official Telegram group on Nov. 22.  “The company no longer has funds to continue” The message — collectively signed by the Gladius team — reads: “We regret to inform you that Gladius Network LLC has ceased operations effective immediately and has filed for dissolution. Despite our best efforts, the…

Ethereum Price Weekly Forecast: ETH At Risk of Further Declines

ETH price is down more than $30 in the past few days against the US Dollar. The price even spiked below $150 and it is currently correcting higher. There is a major breakout pattern forming with resistance near $152 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is struggling to correct higher and it could resume its decline below $150. Ethereum price is trading in a bearish zone below $155 and $160 against the US Dollar, similar to bitcoin. ETH price is likely to revisit $125…