Crypto.IQ Daily Radio Show Jan. 24 2019: VanEck SolidX Bitcoin ETF Withdrawn, Backwardation In Futures Markets, Saudi Arabia and UAE Launching State-backed Cryptocurrency, Venezuela Shutsdown Localbitcoins

January 24, 2019 / by Zachary Mashiach

Listen to the January 24 Crypot.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show, we do an in-depth market analysis. Bitcoin is stable just above the $3,500 support level despite the cancellation of the VanEck SolidX Bitcoin ETF,  and a rally is possible after the Jan. 25 CME Bitcoin futures expiration. Backwardation in the futures markets is a bullish sign for Bitcoin. We discuss the state-backed cryptocurrency being launched by the UAE and Saudi Arabia and explain how it is basically a form of fiat currency and not for investment. Hear about the potential civil war in Venezuela, while simultaneously Venezuela has shutdown Localbitcoins.

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