BBCStaticMiner is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.It seems like cryptocurrencies have resumed the larger bullish trend again, after hesitating to do so, following the crash in May, which lasted until the middle of July. The price action also confirms the bullish momentum in the crypto market since most of the large cryptocurrencies are all pushing higher.Cryptos made an important break today, with Bitcoin breaking above the 3-month range between $29,000 and $44,100. It also broke above the 200 SMA (purple) on the daily chart, which had been also providing resistance during retraces higher and kept BTC\/USD down for more than 2 months.The war about the crypto market is continuing, but the crypto market is not minding it much anymore, indicating that the side against cryptos won\u2019t have much success probably. The banking establishment trying to kill this new market off, while the other side is trying to increase the use of cryptocurrencies. The crypto market crashed in May after China started a crackdown on cryptocurrencies and particularly on Bitcoin mining.Other countries have also taken action against the crypto market, banning crypto exchanges such as Binance and making it difficult for businesses to continue as usual. In the US, the White House is looking to increase tax compliance for cryptocurrency brokers, which they are justifying as a means to help pay for the infrastructure bill. The deal came under intense criticism from cryptocurrency investors, who have argued it would give the Biden administration increase powers to virtually cripple the growing crypto market.On the other hand, other countries are adopting cryptocurrencies as means of payment. Ukraine is trying to pass a new cryptocurrency law that will allow payments in crypto like Bitcoin despite not recognizing cryptos\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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