• Sat, 24 Aug 2019, 10:23 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Cryptocurrency Brief: Bitcoin and altcoins continue downfall, Coinbase plans to explore Bitcoin-related ETF, Australian regulator pushes for close monitoring of crypto sector – Friday, September 7th, 2018

Fri, 07 Sep 2018, 13:50 pm UTC

BTC/USD: Bitcoin prices remained in the red zone on Friday, tracking bearishness over the past few days after news circulated that regulatory authorities are planning to increase the level of speculation over the digital currency market. On the positive side, a report from FxStreet confirmed that U.S.-based Coinbase exchange is on track to explore a Bitcoin-related exchange-traded fund (ETF), in alliance with BlackRock, one of the world’s leading asset management company. At the time of writing, BTC/USD fell 1.36 percent down to $6,427.20. Meanwhile, the near-term support is seen at $6,350.00 and resistance at $6,700.00.

ETH/USD: Tracking Bitcoin’s trend, Ethereum price also toggled and was not very far from today’s low of 213.16. Again, according to a report from CCN, Australia’s primary securities regulator is pushing in efforts to closely monitor the cryptocurrency sector, including ICOs, as part its corporate action plan for 2018-19. At the time of writing, ETH/USD lost 3.25 percent to $222.29; the day’s low stood at 211.19. Meanwhile, the near-term support is seen at $211.00 and resistance at $280.00.

XRP/USD: In line with its peers, Ripple remained in red as well, giving up gains seen on Thursday. Among other news, a report from CoinTelegraph noted that China’s apex court has ruled out that any proof validated with blockchain technology is binding in legal disputes, in an official announcement released early today. At the time of writing, XRP/USD plunged nearly 3 percent to $0.29264. Meanwhile, the near-term support is seen at $0.2660 and resistance at $0.3500.

BCH/USD: Bitcoin Cash, continued its free-fall, hovering near the day’s lows of 495.7, during Thursday’s North American session. At the time of writing, BCH/USD plunged 2.88 percent to $505.20. Meanwhile, the near-term support is seen at $485.00 and resistance at $530.00.

EOS/USD: The EOS, also plunged, tracking similar developments in its wider counterparts as a sense of pessimism and panic sell-off continued among crypto investors. At the time of writing, EOS/USD lost 3.45 percent to $5.0500. Meanwhile, the near-term support is seen at $4.8365 and resistance at $5.2445.

LTC/USD: Litecoin also faced the same fate as investors continued their sell-off, hovering near 2-week low, since yesterday, having reached a low of 55.18 in the day. At the time of writing, LTC/USD suffered 1.27 percent to $56.58. Meanwhile, the near-term support is seen at $49.40 and resistance at $68.00.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,004.50 (-1.57%)
  • Ethereum (ETH) $188.87 (-1.36%)
  • XRP (XRP) $0.267900 (-1.37%)
  • Bitcoin Cash (BCH) $304.84 (-1.09%)
  • Litecoin (LTC) $72.44 (-1.62%)
  • Bitcoin (BTC) $10,004.50 (-1.57%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft