• Sat, 25 May 2019, 02:57 PM
  • All times are UTC
  • Edition:
    International
Link copied

Cryptocurrency Brief: Bitcoin recovers after Google plans to allow certain crypto ads, SC to hear final petitions against RBI’s crypto exchange ban today – Wednesday, September 26th, 2018

Wed, 26 Sep 2018, 12:00 pm UTC

BTC/USD: Bitcoin prices returned to its green trading zone during late European session Wednesday, amid an increased level of regulations from various global financial authorities. The cryptocurrency broke below the 6,500 mark yesterday and is once again hovering around that mark at the time of writing. The slight recovery also comes after global search engine giant Google seems to take off some of the bans it imposed on cryptocurrency advertisements, albeit under the banner of certain regulations, CryptoDaily reported. At the time of writing, BTC/USD gained nearly 1 percent to $6,503.00. Meanwhile, the near-term support is seen at $6,300.00 and resistance at $6,700.00.

Market Update: According to a report from CryptoGlobe, the Supreme Court of India is most expected to be able to hear today the final arguments from those opposing the ban imposed on cryptocurrency exchanges by the Reserve Bank of India (RBI).

According to an exclusive news from Financial Times, reported by CryptoGlobe, a spokesperson of the Winklevoss Twins’ regulated cryptocurrency exchange "Gemini" released a statement, in response to rumors of a possible expansion into the UK, saying, "Gemini continues to explore potential jurisdictions around the globe to provide a best-in-class digital asset exchange and custodian which will enable growth and infrastructure to the entire digital asset community. Although we have no immediate plans, we will always evaluate opportunities that allow the global economy to buy, sell and store digital assets in a regulated, secure, and compliant manner".

ETH/USD: Contrary to Bitcoin prices, Ethereum suffered, albeit proportionately lower than that yesterday, but marking the third consecutive day of fall, tracking bearishness from the increased means of regulations and monitoring from financial authorities. At the time of writing, ETH/USD fell 1.35 percent to $216.31; the day’s high was seen at $219.80 and low at $207.31. Meanwhile, the near-term support is seen at $200.00 and resistance at $230.00.

XRP/USD: Ripple, surged during Wednesday’s afternoon session, following Coinbase’s announcement that it will list a number of new assets on the exchange, citing a chief request from one of its customers, a report from CCN stated. Further, the firm said, "Today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner. With this shift in process, our customers can expect us to list most assets over time that meet our standards". At the time of writing, XRP/USD surged 5.30 percent to $0.55119. Meanwhile, the near-term support is seen at $0.4300 and resistance at $0.6300.

BCH/USD: Bitcoin Cash, remained flat during late afternoon trade Wednesday amid a slew of negative news crept into the cryptocurrency market off late. At the time of writing, BCH/USD hovered around $447.00. Meanwhile, the near-term support is seen at $420.00 and resistance at $460.00.

EOS/USD: The EOS, suffered, albeit only slightly, tracking bearish sentiments that lead to a massive sell-off through yesterday, following a range of crypto regulations around the globe. At the time of writing, EOS/USD lost 0.37 percent to $5.4008. Meanwhile, the near-term support is seen at $5.00 and resistance at $5.67.

LTC/USD: Litecoin, remained stuck in a tight trading range, in the aftermath of the panic sell-off seen yesterday after financial authorities decided to gear up their degree of regulations for a better trading and investment experience. At the time of writing, LTC/USD lost barely 0.05 percent to $57.457. Meanwhile, the near-term support is seen at $50.00 and resistance at $61.00.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $8,052.38 (+0.19%)
  • Ethereum (ETH) $252.00 (-0.08%)
  • XRP (XRP) $0.387600 (-0.34%)
  • Bitcoin Cash (BCH) $407.97 (-1.95%)
  • Litecoin (LTC) $101.44 (+2.46%)
  • Bitcoin (BTC) $8,052.38 (+0.19%)
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