Cryptocurrency Brief: Crypto pairs remain mixed, U.S. SEC announces to suspend two ETNs, Citigroup plans to launch DAR for less riskier investment in crypto – Monday, September 10th, 2018
Mon, 10 Sep 2018, 13:25 pm UTC
BTC/USD: Bitcoin prices snapped losses during late European session Monday as investors’ sentiments started to recover after a hectic last week; however, the pessimism is still not over yet. After having touched the $7,000 psychological mark last week, the crypto king is again seen hovering just slightly above the $6,000 mark, albeit remaining in green through the day. According to a report from SludgeFeed, the U.S. Securities and Exchange Commission (SEC) announced Sunday that it would temporarily suspend the trading of two exchange-traded notes (ETNs), namely, Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF). At the time of writing, BTC/USD rose 1.06 percent down to $6,305.80. Meanwhile, the near-term support is seen at $6,250.00 and resistance at $6,340.00.
ETH/USD: Tracking Bitcoin’s trend, Ethereum prices also remained slightly on the upside, as investors start returning from a panic sell-off that shook the cryptocurrency market last week. A report from CryptoDaily revealed that Ethereum prices are seen to breach the $750 mark by October this year, leading to a splashing 173 percent gain, given its current trend. At the time of writing, ETH/USD rose a tad 0.08 percent to $196.13, close to the day’s low of 195.82. Meanwhile, the near-term support is seen at $185.00 and resistance at $208.00.
XRP/USD: Contrary to its peers, Ripple remained in red, refusing to give up losses witnessed since the last week; crypto pairs started to witnessed massive sell-offs among investors following a slew of pessimism over speculations of stricter regulations by higher authorities. At the time of writing, XRP/USD lost 1 percent to $0.27320. Meanwhile, the near-term support is seen at $0.2660 and resistance at $0.28450.
BCH/USD: Bitcoin Cash, followed the footprints of its immediate peer, Ripple and showed up losses, hovering near to the day’s low of 477.8 during Monday’s North American session. At the time of writing, BCH/USD slipped 0.19 percent to $478.50. Meanwhile, the near-term support is seen at $468.00 and resistance at $485.00.
EOS/USD: The EOS, jumped as a buying sentiment peeped in among crypto enthusiasts, tracking a similar movement in its wider and more popular peers, Bitcoin and Ethereum. Amongst other factors that drove few cryptocurrencies into the green zone, a report from CryptoGlobe confirmed that Citigroup is planning to launch a new mechanism called "Digital Asset Receipt" (DAR) which will emerge as a less risky way of investing in cryptocurrencies, citing an original source from Business Insider. At the time of writing, EOS/USD gained 1.60 percent to $5.0211. Meanwhile, the near-term support is seen at $4.93 and resistance at $5.15.
LTC/USD: Litecoin remained slightly lower amid a volatile market that witnessed a range of ups and downs over the past few days, registering a day’s high of 56.621 and low of 54.292. At the time of writing, LTC/USD suffered 0.80 percent to $54.292. Meanwhile, the near-term support is seen at $50.00 and resistance at $68.00.
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