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Cryptocurrency encrypted: Bitcoin cancels weekend earnings, followed by altcoins, Japanese FSA to introduce new ICO regulations – Monday 3 December
BTC / USD: Bitcoin prices have almost wiped out weekend earnings, only to witness strong sales pressure across the board, with total capitalization falling back to 130 billion dollars. At the time of writing, BTC / USD lost 2.68% to 4.061.10. Meanwhile, short-term support was seen at $ 3,600.00 and resistance at $ 4,400.00.
Market updateAccording to a report by CryptpGlobe, the Financial Services Agency of Japan (FSA), it is said that the country's financial controller will introduce a new regulatory framework for the Initial Coin Offerings (ICO), largely owed to wide range of scams that occur in the world of digital money. Local sources have also said that owners of companies that issue their digital currencies must first register with the FSA.
ETH / USD: In line with Bitcoin, Ethereum also plunged into the bloodbath after suffering a whopping 48.63 percent in November. However, ETH / USD maintained a near-range trading during the day, with the day's high seen at 117.53 and low at 112.50. At the time of writing, ETH / USD plummeted by 2.35 percent to 114.30. Meanwhile, short-term support was seen at $ 95.00 and resistance at $ 130.00.
XRP / USDIn addition, Ripple remained in the red zone during Monday's afternoon session, recording a similar fall in his broader peers, again due to previous sales that affected the panic among investors. At the time of writing, XRP / USD lost 2.14% to $ 0.36395. Meanwhile, short-term support was seen at $ 0.3000 and resistance at $ 0.3800.
BCH / USD: Even the Bitcoin Cash, they did not remain different, they collapsed, even if the trading range remained on the narrower side. At the time of writing, BCH / USD (ABC) sold almost 4% to $ 163.69 and BCH / USD (SV) lost more than 5% to 93.25.
EOS / USD: Nothing different, the EOS, also showed red signals between the confusion of investors to find a correct direction in the digital currency market. However, the degree of loss was relatively lower than its peers. At the time of writing, the EOS / USD contracted by 1.11% to $ 2.8430. Meanwhile, short-term support was seen at $ 2.40 and resistance at $ 3.05.
LTC / USD: Litecoin, also equals its counterparts, down, in line with the general downward momentum of the market. At the time of writing, LTC / USD remained more than 5% lower than trade at $ 32.279. Meanwhile, short-term support is seen at $ 2500 and resistance at $ 40.00.
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