RATE Group | Cryptocurrencies Market News: Reddit’s own coin
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Cryptocurrencies Market News: Reddit’s own coin

16 May Cryptocurrencies Market News: Reddit’s own coin

Posted at 08:59h in Cryptocurrency News by

  • Most of the crypto majors are trading lower on Friday apart from Ethereum Classic which trades 5.36% higher.
  • Reddit look set to launch their own cryptocurrency.
  • Monero is delisted from another exchange following a scandal.
  • OmiseGo (OMG) Jumps over 40% as Coinbase announce news.

 

Most of the crypto majors are trading lower on Friday apart from Ethereum Classic which trades 5.36% higher.

The general sentiment in the crypto world is negative on Friday as the market retraces gains seen earlier in the week. Bitcoin (-2.94%) has pulled away from the 9943.93 high seen post halving yesterday. Later in the session, the market will receive the latest commitment of traders (CoT) report from the CME and this will tell us lots about the futures positioning into the halving event. The only real major gainer over the session is Ethereum Classic (5.36%) as once again the psychological 6.00 level was used as support and the market moved to the upside. The chart below…

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