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Cryptocurrency Brief: Ripple climbs to 3-week high as buying sentiments pour in, Europol warns against crypto-related risks – Thursday, September 20th, 2018

BTC/USD: Bitcoin prices traded flat during late European session Thursday amid lack of any major market movements ahead of the September 30 deadline for the U.S. SEC’s decision on the Bitcoin ETF. Also, a host of increased regulations by top financial authorities have weighed on the performance of various cryptocurrencies. At the time of writing, BTC/USD rose 0.10 percent to $6,320.00. Meanwhile, the near-term support is seen at $6,100.00 and resistance at $6,500.00.

Market Update: The European Union Agency for Law Enforcement Cooperation, better known as Europol, has recently issued a warning against cryptocurrency-related risks like hacks and cryptocurrency mining malware, besides, against the use of privacy coins to wash-off money or finance terrorism, CryptoGlobe reported.

ETH/USD: Similar to Bitcoin prices, Ethereum prices did not change much over the past 24 hours, pinned down by a host of pessimism that clouded sentiments in the digital currency market. At the time of writing, ETH/USD slipped 0.08 percent to $209.67; the day’s high was seen at $212.02 and low at $207.00. Meanwhile, the near-term support is seen at $185.00 and resistance at $227.00.

XRP/USD: Ripple, however, jumped to a 3-week high during Thursday’s afternoon session, as strong buying interests propped up, following previous news of the launch of Ripple company-based commercial application for xRapid by early next month. At the time of writing, XRP/USD surged over 7 percent to $0.35022. Meanwhile, the near-term support is seen at $0.3100 and resistance at $0.3700.

BCH/USD: Bitcoin Cash, is trading tight, thanks to the lack of clarity among crypto investors as wide range of positive and negative news over the past few days. At the time of writing, BCH/USD rose 0.44 percent to $431.20. Meanwhile, the near-term support is seen at $407.00 and resistance at $460.00.

EOS/USD: The EOS, gained, albeit only a tad up than half a percent, as bullish sentiments crawled in amid a highly volatile session. Past news from UK’s Treasury Committee that it has called for an immediate regulation of the entire crypto sphere, in addition to earlier claims from NY Attorney General that cryptocurrency exchanges are risky businesses, continued to weigh on the performance of the digital currencies. At the time of writing, EOS/USD gained 0.63 percent to $5.2768. Meanwhile, the near-term support is seen at $4.90 and resistance at $5.50.

LTC/USD: Litecoin, also, remained no different, climbing only slightly during late European trading hours Thursday, following a similar movement in all its counterparts amid raised voices for increased deeper regulation from higher financial authorities, citing heightened risks related to cryptocurrencies. At the time of writing, LTC/USD climbed 0.36 percent to $54.569. Meanwhile, the near-term support is seen at $50.00 and resistance at $68.00.

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