• Tue, 21 May 2019, 08:56 PM
  • All times are UTC
  • Edition:
Link copied

Cryptocurrency Brief: Bitcoin on minor recovery after Nasdaq plans to launch price prediction tools, New York regulator approves two new stablecoins – Tuesday, September 11th, 2018

Tue, 11 Sep 2018, 11:17 am UTC

BTC/USD: Bitcoin prices remained slightly higher for the third consecutive day during European session Tuesday, following a series of positive news that injected optimism in the cryptocurrency market. Nasdaq has taken steps toward adding tools to predict price movements of crypto assets to its Analytics Hub, which acted as a catalyst in the rebound of BTC/USD prices. At the time of writing, BTC/USD rose 0.29 percent to $6,333.00. Meanwhile, the near-term support is seen at $6,220.00 and resistance at $6,500.00.

Market Update: In other news, Gemini Trust Company and Paxos Trust Company’s dollar-linked digital currencies have been approved by the state of New York, the first stablecoins to get a nod from the region’s regulator, according to the latest report from Reuters, which further added to upside in the Bitcoin.

ETH/USD: Contrary to Bitcoin’s trend, Ethereum prices failed to surpass the $200 psychological mark, remaining in red during European trading hours Tuesday. Although, a host of optimistic news surrounded the crypto market today, sell-off among Ethereum investors continued, owing to the high level of volatility and fluctuations it faced over the past few days. At the time of writing, ETH/USD slumped 2.08 percent to $193.13; the day’s low was seen at 190.57. Meanwhile, the near-term support is seen at $185.00 and resistance at $208.00.

Market Update: Amongst other news, a report from CoinDesk said that the International Monetary Fund (IMF) has directed against the Republic of the Marshall Islands' (a remote chain of islands in the central Pacific) proposition to introduce a digital currency as a second legal tender alongside the U.S. dollar.

XRP/USD: Ripple also suffered as bearish sentiments prevailed in the market, with the third largest digital currency by market capitalization giving up over 3 percent on a daily basis. The crypto coin has turned deaf ears to the positive developments going on in the virtual currency market, interlocked by Fear, Uncertainty, Doubt (FUD). At the time of writing, XRP/USD lost 1.45 percent to $0.26585. Meanwhile, the near-term support is seen at $0.2465 and resistance at $0.2824.

BCH/USD: Bitcoin Cash, followed the footprints of crypto king Bitcoin, remaining on the upside, in a reaction to the newest positive developments in the market. At the time of writing, BCH/USD surged 0.66 percent to $469.70. Meanwhile, the near-term support is seen at $457.00 and resistance at $485.00.

EOS/USD: The EOS suffered, tracking pessimism from the U.S. SEC’s decision to pause trading of two cryptocurrency-related products a day before, although few other peers managed to survive and make a comeback. At the time of writing, EOS/USD lost 1.32 percent to $4.9545. Meanwhile, the near-term support is seen at $4.65 and resistance at $5.12.

LTC/USD: Litecoin remained no different than other altcoins, tracking bears in the cryptocurrency market amid a slew of mixed information among market participants. At the time of writing, LTC/USD suffered 0.88 percent to $53.912. Meanwhile, the near-term support is seen at $49.00 and resistance at $68.00.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $8,049.75 (+1.47%)
  • Ethereum (ETH) $260.47 (+3.59%)
  • XRP (XRP) $0.402000 (+1.16%)
  • Bitcoin Cash (BCH) $425.74 (+4.04%)
  • EOS (EOS) $6.36 (+1.47%)
  • Bitcoin (BTC) $8,049.75 (+1.47%)
May 21, 2019 (Tuesday)
Crypto exchange Kraken raises over $6.5M in equity funding
Crypto Technicals: BTC/USD hovers around $8000 mark, poised for upside resumption
PBoC-backed Shenzhen Fintech Research Institute seeks blockchain talent
Austrian fiber producer Lenzing to launch blockchain-based traceability platform
Crypto Technicals: Monero pullback finds support at 21-EMA, eyes $100 on upside resumption
US SEC again delays decision on VanEck bitcoin ETF application
Crypto Technicals: NEO/USD bounces off 110-EMA, retraces above cloud, scope for test of 13.85
Honda and GM team up to explore blockchain potential in smart grid and electric car interoperability
Seoul to roll out blockchain-based citizen cards
U.S. IRS to soon issue crypto tax guidance
Crypto and forex scams more than tripled in 2018/19 financial year, FCA finds
Mutual funds network Calastone goes live with real-time blockchain-based platform
May 20, 2019 (Monday)
Crypto Technicals: ETH/USD extends sideways, no major signs of reversal seen
Crypto Technicals: NEO/USD holds 1H 200-SMA support, break below eyes 9.42
ABB, Evolvere launch blockchain pilot for energy sector
Coinbase Earn expands to over 100 countries
Bahamas securities watchdog proposes cryptocurrency regulations
ABN Amro to roll out blockchain and IoT platform for commodities industry
Facebook registers new cryptocurrency firm Libra Networks in Switzerland
Billion, Microsoft to work with University of Warsaw on blockchain development
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.