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Bitcoin and major cryptocurrencies rise on Friday trading

2019-09-20 11:26 am | Resource: News | No Views : 15

Bitcoin and major cryptocurrencies rise on Friday trading   Bitcoin has risen strongly after trading as low as 9,637 against the US dollar. The price is trading above the $ 10200 level, but faces obstacles near the $ 10,400 level and is currently correcting a drop towards the support levels of 10,150 and $ 10,100, respectively.

Bitcoin price analysis

Yesterday, there was a sharp drop in the most prevalent cryptocurrency Bitcoin below the $ 10,000 support level against the US dollar. Moreover, the price has recently started a strong recovery. There was a break above the $ 10,000 resistance area and a close above the 100-hour simple moving average. Which opened the doors for further gains above $ 10,100 and $ 10,200 levels.

Ripple Trades

The ripple is finding strong bids near the 0.2850 level against the US dollar. The price is currently trading and is likely to rise back above $ 0.3000. .

Cryptocurrency trades
  • Bitcoin rose 3.6% to $ 10194.0 by 09:19 CET.
  • Ethereum jumped 6.1% to $ 217.78 at the same time.
  • The ripple currency rose 0.9% to $ 0.29319 by 09:17 CET.
  • Litecoin rose 2.1% to $ 74.938.

In other news, the Financial Services Committee of the US House of Representatives set a hearing titled "Supervising the Securities and Exchange Commission:", chaired by Jay Clayton, Chairman of the Securities and Exchange Commission and four other commissioners to discuss encrypted anodes next week.

According to a memo published on Thursday, the hearing will also consider the proposed launch from Facebook's private site for the Libera cryptocurrency. "Libra's investment currency can be a security because it is meant to sell to investors to finance start-up costs and provide them with profits. The document said that Libra itself may also be safe, but Facebook does not intend to pay dividends and it is unclear whether investors have a" reasonable expectation. For earnings. "

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