Cryptocurrency Brief: Bitcoin recovers, Ethereum one of top gainers, Japan’s FSA plans to expand crypto team – Thursday, September 13th, 2018
Thu, 13 Sep 2018, 12:27 pm UTC
BTC/USD: Bitcoin prices recovered during European session Thursday amid a host of pessimism that panicked all crypto investors, driving prices to fresh year lows. Amid the dilemma for the Bitcoin ETF, positive news from the Nasdaq launching price prediction tools and Citigroup offering Crypto Custody, bitcoin prices are seen to show up in green. Also, news of a registered stablecoin is adding fuel to bitcoin’s recovery. At the time of writing, BTC/USD jumped 2 percent to $6,459.00. Meanwhile, the near-term support is seen at $6,200.00 and resistance at $6,700.00.
Market Update: According to a report from Reuters, Japan’s Financial Services Agency (FSA), the major financial regulator of the country is planning to expand its cryptocurrency team to cater to the rising growth in the digital currency sector.
According to a report from CCN, the Reserve Bank of India (RBI) had filed an affidavit in the Supreme Court on Wednesday to define its stance on cryptocurrencies like Bitcoin. The country’s apex court is currently reviewing the battle between the central bank and bitcoin exchanges; the next hearing is scheduled for September 17, 2018.
ETH/USD: From being one of the worst performers of yesterday, Ethereum has recovered to be one of the top gainers of today, tracking similar movement in its wider peer amid a flow of mixed news in the virtual currency market. While a number of ICO projects have dumped ETH into the market and few analysts predicting further losses in the coin, hints of optimism added hopes in ETH/USD. At the time of writing, ETH/USD surged 5.66 percent to $193.53; the day’s low was seen at 183.17. Meanwhile, the near-term support is seen at $167.00 and resistance at $220.00.
XRP/USD: Ripple also gained, tracking the return of slight bullish sentiments across the crypto globe, following a similar movement in its wider counterparts. At the time of writing, XRP/USD gained nearly 1 percent to $0.27217. Meanwhile, the near-term support is seen at $0.2500 and resistance at $0.3000.
BCH/USD: Bitcoin Cash, remained no different, following the footprints of its wider peers, in an attempt to recover from fresh 2018 low seen on Wednesday, eyeing the $450 mark as optimism creeps into the cryptocurrency market during late European session Thursday. At the time of writing, BCH/USD plummeted 6.53 percent to $411.20. Meanwhile, the near-term support is seen at $410.00 and resistance at $475.00.
EOS/USD: The EOS, too went with the flow, giving up losses seen yesterday in a volatile scenario over the past few days. At the time of writing, EOS/USD rose 1.88 percent to $5.0343. Meanwhile, the near-term support is seen at $4.77 and resistance at $5.32.
LTC/USD: Litecoin remained no different than other altcoins, recovering after witnessing a one-year low on Wednesday and tracking bulls in the cryptocurrency market amid a panic sell-off that hit investors’ sentiments over the past few days. At the time of writing, LTC/USD climbed 3.80 percent to $53.610. Meanwhile, the near-term support is seen at $47.00 and resistance at $58.00.
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