Daily crypto news alerts for 2nd January, 2021
🗞Analysis of prices of Bitcoin, Ethereum, Ripple for 01/01/2021
Yesterday the BTC price failed to test the USD 30,000.00 level. Today we can expect a breakthrough of this psychological milestone.
BTC / USD
On the first day of the new year, the BTC price renewed its maximum at the point of 29700.00 USD and rolled back to the hourly EMA55 area. This moving average kept the pair from further decline and tonight the price fully recovered to the area of yesterday's high.
Today the growth will continue and it looks like the psychological barrier of 30,000.00 USD will be overcome. If the trading volumes increase, then the re-test of the 31,000.00 USD level is possible due to the hype, and low buying volumes will keep the pair above the average price level.
ETH / USD
Yesterday morning, buyers were unable to increase volumes and the ETH price rolled back from the upper border of the ascending channel. At the end of the day, the pair pierced the two-hour moving average, but managed to stay above this level of average prices.
Now buyers are trying to continue the recovery, but the trading volumes are still at a low level, so there is practically no recovery dynamics, and if sellers push through the average price level, the pair will roll back to the support of 700.00 USD.
XRP / USD
Yesterday morning, the two-hour moving average EMA55 held back the recovery dynamics of the Ripple price and the pair got stuck in a very narrow sideways at the level of average prices.
Trading volumes are very low this morning, and even a slight advantage of sellers could lead to a pullback below the support of 0.213 USD.
On the other hand, if buyers hold above the moving average, they will be able to test the resistance of 0.310 USD by the end of this week.
* All prices are based on BitStamp data
🗞EToro will close XRP trading to US users
The cryptocurrency-friendly investment platform eToro will close Ripple's XRP token to US users. This was reported on the company's website.
The ability to exchange a token for any other assets will become unavailable on January 3.
“Given the recent lawsuit by the US Securities and Exchange Commission (SEC) against Ripple Labs, eToro USA LLC (eToro) decided to ban XRP purchases on the eToro platform and prohibit any XRP conversion on customer wallets on January 3 at 00:00 EST.” written by company representatives.
Users need to close XRP positions by January 24th. You can also transfer coins from your eToro wallet to an external wallet.
Recently, Bitstamp, Binance US, Galaxy Digital and Jump Trading stopped supporting the token from Ripple. OKCoin and Coinbase will exclude XRP support for users in all regions served.
🗞Bittrex will remove Monero, Zcash and Dash anonymous coins from listing
From January 15th, Bittrex cryptocurrency exchange will stop trading privacy-focused coins Monero (XMR), Zcash (ZEC) and Dash (DASH).
Assets on the site are traded in pairs with Bitcoin (BTC), Ethereum (ETH) and stablecoin Tether (USDT), while ZEC and DASH are also traded against the US dollar.
The exchange did not name the reason for the delisting of confidential coins, referring to its rules for the removal of tokens.
The Block analyst Larry Cermak recalled that exchanges in South Korea had previously stopped supporting anonymous coins due to FATF requirements. In his opinion, Bittrex's decision may be the first similar reaction to the regulator's rules on the part of American platforms.
Potential reasons for token delisting in Bittrex's rules include regulatory evolution and other legal compliance issues.
After the announcement of the exchange, the prices of anonymous coins fell sharply. The XMR rate fell from $169 to $95, at the time of writing the cryptocurrency is trading at $136.
According to CoinGecko, over the past 24 hours, ZEC has fallen in price by about 10%, DASH - by 11%.
As a reminder, Dash believes that their coin should not be taken as confidential.