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Cryptocurrency Brief: Bitcoin continues range-bound trading, UK’s FCA to consider ban on sale of cryptocurrency-based derivatives - Tuesday, October 30th, 2018

BTC/USD: Bitcoin prices continued to trade range-bound during late European session Tuesday, amid lack of market-moving events. At the time of writing, BTC/USD hovered around $6,349.70, marking a high of $6,383.60. Meanwhile, the near-term support is seen at $6,200.00 and resistance at $6,500.00.

Market Update: According to a report from CoinTelegraph, the UK’s Financial Conduct Authority (FCA) has said it will consider whether to ban the sale of cryptocurrency-based derivatives, in a statement published on Monday.

ETH/USD: In line with Bitcoin, Ethereum also traded along the side lines, following a long week of steady trading; the day’s high was seen at $199.00 and low at $196.65. At the time of writing, ETH/USD rose 0.23 percent to 197.37. Meanwhile, the near-term support is seen at $190.00 and resistance at $205.00.

XRP/USD: Ripple, remained tad higher, tracking the footprints of its wider counterparts, during Tuesday’s afternoon session amid a topsy-turvy movement along the curve. At the time of writing, XRP/USD gained 0.59 percent to $0.44827. Meanwhile, the near-term support is seen at $0.4000 and resistance at $0.5000.

BCH/USD: Bitcoin Cash, too matched the shadows of its immediate peers, for reasons unknown; however, the trend is range-bound for the past few weeks. At the time of writing, BCH/USD edged 0.68 percent higher to $421.20. Meanwhile, the near-term support is seen at $400.00 and resistance at $440.00.

EOS/USD: Nothing different, the EOS, also remained range-bound as investors await to find direction in the digital currency market amid mixed news. At the time of writing, EOS/USD traded steady at $5.1404. Meanwhile, the near-term support is seen at $5.00 and resistance at $5.45.

LTC/USD: Litecoin, also matched its counterparts, albeit slightly better-off than others. At the time of writing, LTC/USD gained 0.81 percent to trade at $49.530. Meanwhile, the near-term support is seen at $47.00 and resistance at $60.00.

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