The cryptocurrencies are trading mixed this Thursday, with Bitcoin (BTC) remaining at its lowest value against the USD in the last 3 days, Ripple (XRP) showing a slight recovery, along with the Ethereum (ETH).
Bitcoin (BTC) still at around its lowest value in the last 3 days
The Bitcoin is trading at $8,916, dropping by 0.71% in the last 24 hours.
The Chicago Board Options Exchange wants to reduce the increases on its futures contracts, according to a letter to the Commodity Futures Trading Commission. The decision would reduce the increases from 10 to 5 points, with a point equal to $1. Futures contracts were launched in December 2017, when Bitcoin stood at a record high of $20,000.
Among other news, Nasdaq announced yesterday the intention to launch its own cryptocurrency exchange in the future, as the regulatory environment evolves in the cryptocurrencies market.
Ripple (XRP) slightly recovering
The Ripple (XRP), the 3rd crypto coin in the market by market cap, marked a slim appreciation by 0.87% reaching to $0.82, at the moment of this article.
Massive sell orders made Ripple (XRP) lose its support and remained below the $0.85 level. Most probably it will struggle to jump back to around $0.90 in the upcoming days.
Ethereum (ETH) scores a small increase, despite the recent negative news
The 2nd crypto coin on the market by market cap, the Ethereum (ETH), gained about 2%, at the moment of this writing, reaching to $636.78, despite the recent MyEtherWallet hack.
Besides, Parity Technologies stated today that they will not alter the Ethereum (ETH) blockchain by changing the EIP-999 code to recover the $264 million lost due to a coding error in the wallets, back in November 2017.
“We have worked hard to contribute to the development of the Ethereum ecosystem. We’re not going to damage it. We find the right solutions through collaboration,” wrote the company’s representative on Twitter.
In conclusion, the cryptocurrencies market is not doing well since yesterday, mixed tradings being registered, with crypto coins scoring gains, such as Ripple (XRP) and Ethereum (ETH), while others scoring losses, the best example being Bitcoin (BTC) which today hit its lowest in the last 3 days.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.