• Sun, 26 May 2019, 11:19 PM
  • All times are UTC
  • Edition:
    International
Link copied

Cryptocurrency Brief: Bitcoin and altcoins suffer massive sell-off, Gemini exchange to expand UK operations, UNICEF France to accept crypto donations – Monday, September 24th, 2018

Mon, 24 Sep 2018, 11:44 am UTC

BTC/USD: Bitcoin prices lost ground during late European session Monday, down-trending for the third consecutive day as financial regulations from top authorities still remain on board. However, a couple of good news from the cryptocurrency market failed to change the digital currency’s direction. At the time of writing, BTC/USD lost 1.64 percent to $6,604.90. Meanwhile, the near-term support is seen at $6,400.00 and resistance at $6,800.00.

Market Update: According to a report from FxStreet, Winklevoss twins’, Gemini exchange has announced plans to expand its operations in the United Kingdom despite a pool of regulations from the country’s top financial authorities flowing into the virtual currency market.

In addition, Brazil’s largest independent brokerage firm, Grupo XP said that it will launch a Bitcoin and Ethereum trading exchange in the next few months, despite reluctance from the company’s CEO Guilherme Benchimol, CryptoGlobe reported.

ETH/USD: Similar to Bitcoin prices, Ethereum slumped as well, losing over 4 percent during Monday’s afternoon trade even as some positive news crawl into the market; investors still remain engaged in a panic sell-off that emerged over the past few days, only to be fueled by the arrival of stricter financial regulations around the globe. At the time of writing, ETH/USD slumped 4.35 percent to $234.09; the day’s high was seen at $245.90 and low at $229.00. Meanwhile, the near-term support is seen at $220.00 and resistance at $255.00.

Market Update: A recent report from CoinGape stated that the United Nations Children’s Fund (UNICEF) France has decided to accept donations in nine of the major cryptocurrencies, that include, Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, EOS, Stellar, Monero, and Dash.

XRP/USD: Ripple, also plunged to steep levels, but not quite reversing the huge gains made since the end of last week. The cryptocurrency posted a high of 0.58418 and a low of 0.51010 through the day, with the losses in line with its wider counterparts. At the time of writing, XRP/USD plunged 8.50 percent to $0.52261; however, this is a major recovery from the range-bound trade last week and the digital coin remains in an uptrend. Meanwhile, the near-term support is seen at $0.4200 and resistance at $0.6300.

BCH/USD: Bitcoin Cash, remained no different than its global peers, losing heavy during afternoon trade Monday amid a slew of positive news creeping in the cryptocurrency market. At the time of writing, BCH/USD slumped nearly 5 percent to $465.90. Meanwhile, the near-term support is seen at $450.00 and resistance at $510.00.

EOS/USD: The EOS, suffered, heavily as bearish sentiments overpowered bullishness, only leading to a massive sell-off through the day. At the time of writing, EOS/USD plunged nearly 6 percent to $5.6726. Meanwhile, the near-term support is seen at $5.18 and resistance at $6.15.

LTC/USD: Litecoin, also, remained no different, following a similar movement in all its counterparts amid increased means of financial regulation from higher authorities, citing heightened risks related to cryptocurrencies. At the time of writing, LTC/USD lost 5.60 percent to $58.021. Meanwhile, the near-term support is seen at $53.00 and resistance at $68.00.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $8,665.45 (+7.53%)
  • Ethereum (ETH) $266.77 (+5.78%)
  • XRP (XRP) $0.408700 (+5.56%)
  • Bitcoin Cash (BCH) $432.28 (+6.30%)
  • Litecoin (LTC) $111.19 (+8.38%)
  • Bitcoin (BTC) $8,665.45 (+7.53%)
May 24, 2019 (Friday)
12:18
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
10:50
German engineering giant Bosch trials Ethereum blockchain
10:39
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
09:33
Bank of Russia to review proposal on gold-backed cryptocurrency
09:17
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
08:45
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
08:45
Robinhood Crypto is now in New York
07:27
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
07:25
California resident sued for alleged $26M crypto Ponzi scheme
06:33
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
06:16
Rep. Swalwell accepting bitcoin donations in bid for US presidency
06:10
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
05:12
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
05:07
Binance CEO CZ seeks compensation for reputational damage from Sequoia
04:06
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
03:57
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
03:14
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
12:15
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
12:11
Coinstar extends bitcoin buying service to 21 US states
11:38
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.
PUBLISHsoft