BTC/USD stays in the range with bearish bias. Subcommittee on Terrorism and Illicit Finance says cryptos are used for illegal purposes. Bitcoin is sidelined below the key resistance zone created by 200-SMA (30-min chart) at $6,670 and the upper line of downside Andrew’s pitchfork at $6,700. While the short-term momentum is bearish, a fresh buying interest on approach to $6,600 is likely to stop the sell-off. However, if this support is broken, the downside may be extended towards $6,400 and $6,200. Subcommittee on Terrorism and Illicit Finance of the US House Committee is concerned about growing use of digital currencies for illegal purposes. “Law enforcement has identified an uptick in the criminal and terrorist exploitation of VCs [virtual currencies]to raise funds and launder money,” the Subcommittee wrote in the news announcement. “Digital currencies have the potential to support more efficient and transparent global commerce, and to enhance U.S. economic competitiveness. However, because digital currencies continue to be used to facilitate illicit activity, law enforcement must adapt our investigative tools and techniques to dismantle criminal groups that use these instruments for fraudulent activity or money laundering.” BTC/USD, 30-min chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/JPY Technical Analysis: breaks through a short-term ascending trend-channel resistance FX Street 5 years BTC/USD stays in the range with bearish bias. Subcommittee on Terrorism and Illicit Finance says cryptos are used for illegal purposes. Bitcoin is sidelined below the key resistance zone created by 200-SMA (30-min chart) at $6,670 and the upper line of downside Andrew's pitchfork at $6,700. While the short-term momentum is bearish, a fresh buying interest on approach to $6,600 is likely to stop the sell-off. However, if this support is broken, the downside may be extended towards $6,400 and $6,200. Subcommittee on Terrorism and Illicit Finance of the US House Committee is concerned about growing use of digital… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.