• Sat, 25 May 2019, 03:53 PM
  • All times are UTC
  • Edition:
Link copied

Cryptocurrency Brief: Bitcoin, Altcoins suffer as EU prepares for tighter crypto regulations, Yahoo Finance launches trading support, Litecoin Summit scheduled on September 14-15 – Thursday, August 30th, 2018

Thu, 30 Aug 2018, 11:08 am UTC

BTC/USD: Bitcoin again started to slide during European session Thursday as investors changed side to engage in a sell-off, after making a move to cross the $7,000 mark and is currently hovering tad below the psychological point. The European Union (EU) is considering to tighten the regulations on how people like to use cryptocurrency, thus weighing on investors’ sentiment in the entire virtual currency world. At the time of writing, BTC/USD slumped nearly 2 percent to $6,909.80. Meanwhile, the near-term support is seen at $6,600.00 and resistance at $7,400.00.

ETH/USD: Similar to Bitcoin’s trend, Ethereum prices also remained on the downside, disappointing investors in Thursday’s afternoon session. According to a report from CryptoGlobe, Ethereum co-founder and ConsenSys CEO Joseph Lubin has recently revealed his questions whether Tether’s USDT has been used to manipulate bitcoin’s price last year, when it reached a lifetime high near $20,000. At the time of writing, ETH/USD plunged nearly 4 percent to $278.02, close to the day’s low of 276.27. Meanwhile, the near-term support is seen at $250.00 and resistance at $305.00.

XRP/USD: Ripple also witnessed massive losses, as investors remain caution over news of the EU’s tightening of crypto regulations. In other news, according to a report from NewsBTC, Yahoo Finance has launched Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) trading support right on its webpage, making trading easier for its users. At the time of writing, XRP/USD plunged 4.33 percent to $0.32976. Meanwhile, the near-term support is seen at $0.2900 and resistance at $0.4100.

BCH/USD: Bitcoin Cash, followed the footprints of its peers, losing, as a general sense of pessimism struck the entire crypto market. At the time of writing, BCH/USD traded 3.76 percent down at $533.90. Meanwhile, the near-term support is seen at $505.00 and resistance at $575.00.

EOS/USD: The EOS also suffered on Thursday, hit by a large sell-off in the crypto market. At the time of writing, EOS/USD lost 4.10 percent to $5.8736. Meanwhile, the near-term support is seen at $5.30 and resistance at $6.50.

LTC/USD: Litecoin was also not spared by the selling sentiment, following EU’s discussion over tighter rules in the cryptocurrency market. In other news, the Litecoin Foundation is scheduled to hold a Litecoin Summit on September 14-15 at the San Francisco conference center, which will include speakers from all over the world adept in this industry and also Charlie Lee, the coin’s founder, FxStreet reported. At the time of writing, LTC/USD traded 3.04 percent lower at $59.57. Meanwhile, the near-term support is seen at $49.00 and resistance at $75.00.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $8,056.51 (-0.26%)
  • Ethereum (ETH) $252.33 (-0.41%)
  • XRP (XRP) $0.387000 (-0.82%)
  • Bitcoin Cash (BCH) $408.34 (-2.15%)
  • Litecoin (LTC) $101.79 (+1.64%)
  • Bitcoin (BTC) $8,056.51 (-0.26%)
May 24, 2019 (Friday)
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
German engineering giant Bosch trials Ethereum blockchain
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
Bank of Russia to review proposal on gold-backed cryptocurrency
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
Robinhood Crypto is now in New York
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
California resident sued for alleged $26M crypto Ponzi scheme
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
Rep. Swalwell accepting bitcoin donations in bid for US presidency
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
Binance CEO CZ seeks compensation for reputational damage from Sequoia
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
Coinstar extends bitcoin buying service to 21 US states
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.