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04 Sep 2019
3 min read

Crypto & Forex News Roundup 03/09/2019

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Written by OspreyFX News Team

Bitcoin stable at $10,500 

In today’s news in the cryptocurrency market we witness coins held on to the gains made at the beginning of the week. Legacy Bitcoin was stable at the $10,500 mark with turnover increasing considerably over the past few days. This stability could mean that a push over the $11,000 mark could be just around the corner although there are still levels of resistance to be broken. 

 

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Most coins in static mode 

Ethereum also held on to the $175-180 mark on rather low turnover and also looked poised to make a move upwards. The second largest cryptocurrency by market cap was trading at around $178 at press time on Wednesday morning. Ripple was stuck at around $0.26 at press time with very little movement either way and this currency seems to have found a bottom at this level.  

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BCH and LTC on the rise 

Bitcoin Cash flirted with the $300 level and was trading at around $298 at press time. EOS was static at the $3.35 point whilst Ethereum Classic continued to outperform other coins when it traded at the $6.80 mark at press time or a rise of 6% over the past 48 hours. Litecoin also continued rising where it settled at around $68 at press time on Wednesday although the rewards halving at the end of August did not have a notable effect on the price. 

Stellar and BNB in decline 

There were some outliers which saw declines such as XLM (Stellar Lumens) which was down by around 1% and LINK which dropped a massive 85 to the $1.77 level. Privacy coins such as XMR (Monero), ZEC and DASH also saw modest rises. The latter held just above the $80 mark whilst ZCASH was basically static at $45. Binance Coin saw a decline after its much publicized announcement and dropped by around 4% to the $21.80 level. IOTA was also down around 3% to under the $0.25 level. 

Osprey FX users would do well to keep their eyes peeled on possible pumps in the market with several coins now overbought. BTC/ETH and BTC/LTC pairs are also interesting although price movements have been slow of late. This rounds up our cryptocurrency news for today. 

Disclaimer: This is not investment advice. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.