RATE Group | Bitcoin edging towards another potential drop
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Bitcoin edging towards another potential drop

Bitcoin edging towards another potential drop

Here’s what you need to know on Wednesday

Markets

BTC/USD is currently trading at $6800 (-1.15%), bearish momentum comes back into play following a critical $7000 breach.

ETH/USD is currently trading at $158 (-0.95%), market bears are testing important daily support at $150. 

XRP/USD is currently trading at $0.18 (-0.50%), the sellers were able to regain control following the failure to conquer $0.2000. 

Among the 100 most important cryptocurrencies, the best of the day are QNT $5.27 (+9.80%), LUNA 0.204231 (+7.35%) LSK $1.05 (+6.15%) The day’s losers are CKB $0.004895 (-4.92%), LINK $3.23 (-3.55%), DGTX $0.042987 (-3.20%).

Chart of the day: BTC/USD 60-minute chart (Price action formed a head and shoulders structure, breaching the neckline)

Market

Ethereum blockchain explorer Etherscan announced the launch of “ETH Protect,” a new tool that seeks to identify and flag Ether (ETH) addresses in receipt of tainted funds associated with crypto…

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