Here’s what you need to know on Monday Markets: BTC/USD continues in panic mode and it dropped another 7.5% in the European morning. It is currently trading at $6,670 but damage at the end of the day could be critical. ETH/USD is washed away by the selling storm and loses 9.9% in the day to $134, a price level not seen since the 2018 big downtrend escape maneuver. XRP/USD currently trades at $0.21 and loses 8.44% in the European morning. The current level has visited last December 2017. The day’s winners are STOREUM (+302.5%), FUSION (+82.14%) and MATIC (+2.33%). The losers of the day are BitMax Token (-20.4%), HYPERCASH (-18.05%) and MAKER (-17.8%). Chart of the day: BTC/USD Regulation: – China continues its campaign against cryptocurrencies not backed by the central bank. Local media point to this campaign as an attempt to curb the speculative fever aroused by President Xi Jinping’s statements in favor of the development of blockchain technology. – Loretta Mester, President of the Cleveland Federal Reserve, says she does not see the need to work for a digital dollar at this time, even though she believes it is necessary to monitor the activity of other central banks. – The Chinese government suspended the activity of the cryptocurrencies exchange platform BISS, based in Beijing. Authorities alleged violations of capital control regulations. Industry: – Grayscale Investment will launch an investment fund composed of a basket of the market’s leading cryptocurrencies. The composition of the fund will be Bitcoin (80%), Ethereum (9%), XRP (9%), Bitcoin Cash (2.5%) and finally Litecoin (1.7%). – The Venezuelan government announces that Petro will be backed by more than 30 million barrels of oil. This amount of oil is part of the strategic reserves of the South American country. – A cryptocurrency whale moved in the last hours 44K Bitcoins, $310 million-dollar worth, for the modest amount of 32 cents of Dollar. Quote of the day: Peter Brandt @PeterLBrandt “I actually do not think this is a valid H&S top, but one never really knows until history is written. $BTC” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin to hit the bottom at $5,500 – Peter Brandt FX Street 3 years Here's what you need to know on Monday Markets: BTC/USD continues in panic mode and it dropped another 7.5% in the European morning. It is currently trading at $6,670 but damage at the end of the day could be critical. ETH/USD is washed away by the selling storm and loses 9.9% in the day to $134, a price level not seen since the 2018 big downtrend escape maneuver. XRP/USD currently trades at $0.21 and loses 8.44% in the European morning. The current level has visited last December 2017. The day's winners are STOREUM (+302.5%), FUSION (+82.14%) and MATIC (+2.33%).… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
