• Sun, 26 May 2019, 11:02 PM
  • All times are UTC
  • Edition:
Link copied

Cryptocurrency Brief: Bitcoin and altcoins drop on likelihood of increased regulation, Litecoin slumps over 2 pct – Wednesday, September 19th, 2018

Wed, 19 Sep 2018, 12:02 pm UTC

BTC/USD: Bitcoin prices continued its range-bound trading during late European session Wednesday, although remaining tad lower. This comes after New York Attorney General claimed that crypto exchanges are unsafe for businesses, being open to the risks of market manipulation, following an attempt by U.S. regulators to increase the degree of regulation in the digital currency market. At the time of writing, BTC/USD fell 0.23 percent to $6,320.00. Meanwhile, the near-term support is seen at $6,200.00 and resistance at $6,500.00.

ETH/USD: Similar to Bitcoin prices, Ethereum too traded tad slightly on the downside, tracking traces of pessimism from NY Attorney General, who claimed that crypto exchanges have turned riskier for businesses, highly conducive for manipulation. At the time of writing, ETH/USD slipped 0.33 percent to $208.05; the day’s high was seen at $215.83 and low at $206.01. Meanwhile, the near-term support is seen at $193.00 and resistance at $225.00.

XRP/USD: Ripple, also, declined, imitating the downtrend in its bigger peers despite hopes of the launch of Ripple company-based commercial application for xRapid by early next month. At the time of writing, XRP/USD traded 0.88 percent lower at $0.31678. Meanwhile, the near-term support is seen at $0.2600 and resistance at $0.3500.

BCH/USD: Bitcoin Cash, is trading close to the day’s low of 423.1 in a tight-knit session that witnessed steady trade over the past two days. However, the price of BCH has slumped over one percent during Wednesday’s afternoon session. At the time of writing, BCH/USD lost 1.13 percent to $427.80. Meanwhile, the near-term support is seen at $410.00 and resistance at $460.00.

EOS/USD: The EOS, too fell, in line with Bitcoin, tracking comments from UK’s Treasury Committee that has called for an immediate regulation of the entire crypto sphere, in addition to earlier claims from NY Attorney General that cryptocurrency exchanges are risky businesses. At the time of writing, EOS/USD also declined nearly 1.50 percent to $4.9700. Meanwhile, the near-term support is seen at $4.75 and resistance at $5.47.

LTC/USD: Litecoin, also, remained no different, slumping during late European trading hours on Wednesday, following a similar movement in its counterparts as higher authorities of the financial sphere disburse sentiments for increased regulation into the virtual currency market. At the time of writing, LTC/USD plunged 2.50 percent to $52.674. Meanwhile, the near-term support is seen at $47.00 and resistance at $60.00.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $8,628.25 (+7.08%)
  • Ethereum (ETH) $265.09 (+5.13%)
  • XRP (XRP) $0.405400 (+4.73%)
  • Bitcoin Cash (BCH) $430.98 (+6.03%)
  • Litecoin (LTC) $110.08 (+7.45%)
  • Bitcoin (BTC) $8,628.25 (+7.08%)
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.