• Mon, 22 Jul 2019, 08:49 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Cryptocurrency Brief: Bitcoin faces massive losses, ETH/USD hovers near 2018 lows, Philippines SEC plans to impose regulations on crypto exchanges – Wednesday, September 5th, 2018

Wed, 05 Sep 2018, 12:06 pm UTC

BTC/USD: Bitcoin prices slumped during European session Wednesday, reversing gains seen yesterday. This comes as an addition to the news that ShapeShift, a well-known platform for instant Bitcoin exchange, has launched a membership which implies that users will have to provide their personal data, FxStreet reported. At the time of writing, BTC/USD slumped over 5 percent to $6,987.80. Meanwhile, the near-term support is seen at $6,600.00 and resistance at $7,500.00.

ETH/USD: Tracking Bitcoin’s trend, Ethereum prices also plunged as sell-off sentiments returned; ETH/USD is currently hovering near 2018 lows, last seen on August 14. In other news, a report from CCN confirmed that cryptocurrency exchanges in the Philippines are considering to introduce regulations so as to operate as trading platforms, aimed at protecting the interests of the investors as well as create a sustainable crypto trading environment in the country. At the time of writing, ETH/USD plunged 10.30 percent to $255.80, close to the day’s low of 250.93. Meanwhile, the near-term support is seen at $239.00 and resistance at $293.04.

XRP/USD: Ripple fell to levels last seen on August 17, for reasons quite unknown to the crypto world. However, with many governments and higher authorities acing stricter regulations on this unregulated market, investor emotions have taken a darker road. At the time of writing, XRP/USD lost over 9 percent to $0.30041. Meanwhile, the near-term support is seen at $0.27550 and resistance at $0.3500.

BCH/USD: Bitcoin Cash, remained no different, suffering in line with its peers. At the time of writing, BCH/USD slid 10.45 percent to $561.10. Meanwhile, the near-term support is seen at $540.00 and resistance at $600.00.

EOS/USD: The EOS, also lost proportionately by a similar measure, as crypto market bears hit back during Wednesday’s afternoon session. At the time of writing, EOS/USD lost 10.51 percent to $5.8036. Meanwhile, the near-term support is seen at $5.30 and resistance at $6.05.

LTC/USD: Litecoin also faced the ashes of the bearish market sentiments, tracking similar movement among its wider peers. At the time of writing, LTC/USD slumped nearly 8 percent to $62.25. Meanwhile, the near-term support is seen at $55.00 and resistance at $70.00.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,324.90 (-1.75%)
  • Ethereum (ETH) $217.63 (-2.12%)
  • XRP (XRP) $0.322100 (-1.87%)
  • Litecoin (LTC) $95.07 (-3.39%)
  • Bitcoin Cash (BCH) $309.78 (-2.60%)
  • Bitcoin (BTC) $10,324.90 (-1.75%)
Jul 22, 2019 (Monday)
Crypto Technicals: IOT/USD recovery fails shy of 200-DMA, downside resumption likely
Former Token Foundry head begins process to sue Joseph Lubin for $13M
Blockchain firm R3 pushes for more Corda sales with new hire
South Korean citizen unaffiliated to Samsung files trademark application for 'Samsung Coin'
Former Russian crypto executive arrested in Italy
Blockchain startup Diana to launch 'lunar registry' to divide and tokenize the moon
Crypto Technicals: ETC/USD confirms 'Golden Cross' on hourly charts, eyes 21-EMA at 6.722
Iran finalizes power tariff scheme for crypto miners but no license for importing mining equipment yet
Crypto firm FairX closes digital doors due to lack of funding
Thailand shows less hostility towards Libra compared to other countries
European Central Bank official says calm down about stablecoin
No official ban on cryptocurrency yet, Indian Minister clarifies
Electric firm E.ON applies patent for blockchain-based data collector device
Accounting giant KPMG partners with Microsoft, TOMIA, and R3 for blockchain-based telecom solutions
Fidelity Digital Assets applies for trust license in New York: Report
Jul 19, 2019 (Friday)
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
Rape and sexual harassment case against bitcoin developer blows up
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.