RATE Group | Russia set the bar high against Bitcoin’s push
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Russia set the bar high against Bitcoin’s push

02 Dec Russia set the bar high against Bitcoin’s push

Posted at 09:00h in Bitcoin News by

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Here’s what you need to know on Monday

Markets: 

– BTC/USD is currently trading at $7,241(-2.2%) and is once again entering the ultra long-term bearish continuation scenario, with a possible target of $5,250.

– ETH/USD is currently trading at $148.3 (-1.86%) and continues the medium-term bearish trend, which could take it to the $130 level, where it would find reliable support.

– XRP/USD is currently trading at $0.2205 (-2.37%) and could test price congestion support at $0.21.

– The day’s winners are VET (+23.00%), FET (+10.22%) and ALGO (8.05%). The day’s losers are MATIC (-5.93%), RLC (-5.72%) and PERL (-5-56%).

Chart of the day:

ETH/USD @fxscrypto

Regulation

– The Central Bank of Russia has issued a note warning that the only official currency in Russia is the Ruble and that Bitcoin cannot pretend to compete with the national currency. He warns that they would support a ban on cryptocurrencies if necessary. 

– SEBA Bank, the Swiss-based crypto…

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