The selloff has settled for now as BTC bounced and found support around  6,500 and its current immediate resistance is around 7,300. If price is  able to break and hold above this current range, BTC might test towards  the 7,500 - 8,000 level. Otherwise, tread in the market with caution as  this could be a possible new lower high before another leg down (daily  chart).  

Global market cap is at $197B, while BTC's market cap is at $130B.

Gladius Network LLC, a crypto startup that settled with the US SEC in February over its 2017 initial coin offering (ICO), has ceased operations. Part of the settlement was for Gladius to refund investors that  participated in the $12.7 million ICO sale, and that the SEC would  impose no penalty because the firm self-reported their sale. They  announced their closure via their Telegram channel, saying "Despite our  best efforts, the company no longer has funds to continue operations. We  regret to inform you that Gladius Network LLC has ceased operations  effective immediately."

Travala,  a service that allows its users to pay for hotel stays with  cryptocurrency, enables its customers to reserve any hotel that is  bookable via Travala has already integrated Booking's accommodations to its platform. The new feature will purportedly allow users to book 90,000 different  destinations using cryptocurrencies. Up to 20 major cryptocurrencies  will be accepted by the platform

China has continued the reversal of its stance on Bitcoin and crypto exchanges, restating its position on crypto trading, and calling for the immediate removal cryptocurrency exchanges. This was after several weeks of a very positive attitude being  displayed towards blockchain technologies. The catalyst for this sudden  reversal seems to have started with a "crackdown" concerning some  confusing reports of a police raid on two Shanghai-based exchange  offices of Bithumb and Binance. This was almost instantly debunked by  Binance CEO, Changpeng 'CZ' Zhao.

China seeks to reinforce the crypto trading ban
— Cointelegraph (@Cointelegraph) November 22, 2019

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