• Sun, 16 Jun 2019, 11:57 PM
  • All times are UTC
  • Edition:
Link copied

Cryptocurrency Brief: Bitcoin wipes out weekend gains, altcoins follow suit, Japan’s FSA to introduce new regulations for ICOs – Monday, December 03

Mon, 03 Dec 2018, 11:19 am UTC

BTC/USD: Bitcoin prices have almost wiped out the weekend gains, only to witness a major selling pressure across the board, with total capitalization being pushed back down to $130 billion again. At the time of writing, BTC/USD lost 2.68 percent to 4,061.10. Meanwhile, the near-term support is seen at $3,600.00 and resistance at $4,400.00.

Market Update: According to a report from CryptpGlobe, Japan’s Financial Services Agency (FSA), the country’s financial watchdog is said to introduce a new regulatory framework for Initial Coin Offerings (ICOs), owing largely to the wide array of scams happening in the digital currency world. Local sources also said that business owners who issue their own digital currencies must first register with the FSA.

ETH/USD: In line with Bitcoin, Ethereum also immersed itself in the bloodbath, after suffering a humongous 48.63 percent in the month of November. However, ETH/USD maintained an almost range-bound trading throughout the day, with the day’s high seen at 117.53 and low at 112.50. At the time of writing, ETH/USD slumped 2.35 percent to 114.30. Meanwhile, the near-term support is seen at $95.00 and resistance at $130.00.

XRP/USD: Ripple, also remained in the red zone during Monday’s afternoon session, tracking a similar downfall in its wider peers, again owing to the previous sell-off that struck panic sentiment among the investors. At the time of writing, XRP/USD lost 2.14 percent to $0.36395. Meanwhile, the near-term support is seen at $0.3000 and resistance at $0.3800.

BCH/USD: Bitcoin Cash, remained no different, also plunged, albeit the range of trading remained on the tighter side. At the time of writing, BCH/USD (ABC) slumped nearly 4 percent to $163.69, and BCH/USD (SV) lost over 5 percent to 93.25.

EOS/USD: Nothing different, the EOS, also showed up red signals amid investors’ confusion to find a proper direction in the digital currency market. However, the degree of loss was comparatively lower than its peers. At the time of writing, EOS/USD traded 1.11 percent lower at $2.8430. Meanwhile, the near-term support is seen at $2.40 and resistance at $3.05.

LTC/USD: Litecoin, also matched its counterparts, falling, in line with the overall bearish momentum in the market. At the time of writing, LTC/USD remained over 5 percent lower to trade at $32.279. Meanwhile, the near-term support is seen at $2500 and resistance at $40.00.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,009.73 (+2.01%)
  • Ethereum (ETH) $269.90 (+0.48%)
  • XRP (XRP) $0.428100 (+4.35%)
  • Litecoin (LTC) $137.25 (-0.13%)
  • Bitcoin Cash (BCH) $429.96 (+2.14%)
  • Bitcoin (BTC) $9,009.73 (+2.01%)
Jun 14, 2019 (Friday)
Crypto Technicals: Bitcoin hovers around 20-DMA, poised for upside resumption
National Fisheries Institute to begin seafood blockchain pilot with IBM Food Trust
Reuters, Bloomberg, TradingView add support for new cryptocurrency index ‘CIX100’
Crypto Technicals: Litecoin retraces brief dip below $129, finds strong support at 110H EMA
Facebook's cryptocurrency project gets big backers including Mastercard, Paypal, Uber, Visa: Report
Circle to end support for its payment app, to shift to blockchain-based financial projects
Bitcoin startup Bitrefill closes $2M seed round led by Coin Ninja
U.S. FDA picks IBM, KPMG, Merck and Walmart to develop blockchain platform for prescription drugs
Turkey's BKM launches blockchain-based digital certificate platform co-developed with Microsoft and VeriPark
Bakkt to begin bitcoin futures testing on July 22
R3, Bradesco, Itau team up to develop blockchain-enabled platform for foreign trade and insurance: Report
Brazil considers promoting blockchain in public administration in new proposed bill
FINRA fines, suspends ex-Merill Lynch advisor for crypto mining business
Less than 5% of GitHub crypto contributors are women: Study
Jun 13, 2019 (Thursday)
John McAfee launches new cryptocurrency trading platform
Indian government-backed learning initiative SWAYAM offers free course on cryptocurrencies and blockchain
Crypto Technicals: ETH/USD consolidates break above 20-DMA, scope for further upside
Square Crypto announces former Google director Steve Lee as first hire
FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report
Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of bullish resumption
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.