Bitcoin detected below $6,000 line on Tuesday

Posted 06 February, 2018

Cryptocurrencies have continued tumbling on Tuesday as the regulators tighten control over the crypto market and investors withdraw funds from risk assets worldwide.

According to the Coin Desk data, bitcoin price was recorded at $5,995.58 during today session, falling below $6,000 for the first time since last November.

Later in the morning the coin slightly improved to $6,156.13 (11% down d-o-d).

Notable, Ripple, Ethereum and Litecoin reportedly nosedive as well.

Two regulators in the USA are about to address a proposal to the Congress regarding a launch of federal control over crypto platforms.

According to the reports, the heads of CFTC and SEC will take part in the hearings by the US Senate Committee on Banking today.

Lately, the Head of European Central Bank commented that bitcoin along with other digital coins are dicey assets, and investors might be very careful with them. He also added that banks show no rush demand for these currencies so far. However, with recent bitcoin futures entering the market, European banks may also consider opening bitcoin positions soon.

For reference, the crypto market capitalization has slumped by more than $500 billion since the start of 2018 due to stricter regulation in a number of countries.

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06 February, 2018 14:33

← US dollar reverses direction after hikes

The US dollar has reversed on Tuesday and somewhat slackened vs the majors. The market has taken a break for while, especially considering the recent dollar's jump on US reports. As it was reported, positive impact on the American currency came from the optimistic non-farm payrolls posted last Friday. Specifically, the January data showed that it was created 200,000 new jobs.

US dollar reverses direction after hikes

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05 February, 2018 16:57

Greenback almost at 2-week peak vs Canadian dollar on Monday →

The American currency hiked vs the Canadian dollar reaching a practically 2-week peak today. The positive performance is related to optimistic US labor report released last Friday. At the same time, the Canadian currency faced pressure from cheaper oil. The USD-CAD pair was recorded at 1.2464 (0.29% up) on Monday.  

Greenback almost at 2-week peak vs Canadian dollar on Monday
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