Price for digital coins lower even after Seoul eases position on crypto trading

Posted 21 February, 2018

Bitcoin and other cryptocurrencies dropped in Asia on February 21 even despite the cue about improved conditions for cryptocurrency trading in South Korea.

The key currency in terms of market capitalization – bitcoin – changed hands at $10,714.00 on the Bitfinex today (6.26% down d-o-d), followed by Ethereum priced at $872.32 (7.77% down).

The top-3 Ripple coin collapsed on the Poloniex to $0.99000 (10.55%) over the period under review.

Litecoin that is gaining grounds in the market weakened to some $218.79 (11.22% down).

According to the reports, the president of South Korea’s Finance Supervisory Service  (FSS) stated that the regulator planned to soften policy towards cryptocurrency sector. As a result, this message turned out to be in the spotlight today.

"The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than increasing regulation," he said.

This message is not a price booster now, so investors consider it as an optimistic sign especially given the January statement by the authorities about intentions to ban local crypto trading at all, which knock down prices.

Noteworthy, it has been reported today that the representative of ING financial company confirmed that the Bitfinex exchange opened a bank account with ING.  

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21 February, 2018 13:34

← Higher jobless figures pushes sterling down to daily bottom

On Wednesday, February 21, the sterling rate fell to the bottom over the day driven by the increased unemployment. The released labor report affected forecasts for the interest rate upward revision though wages rose. The sterling-to-US dollar went down to 1.3943 today (0.36% down), against some 1.3965 before. The euro to sterling rate peaked over the day coming to 0.8832 (0.8825 before).

Higher jobless figures pushes sterling down to daily bottom

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21 February, 2018 11:10

US dollar shows stronger positions vs euro and yen →

The US dollar keeps rebounding against the euro and yen during the Wednesday trading on anticipated Federal Reserve meeting minutes. Investors are reportedly waiting for the minutes of the January Federal Reserve meeting that will be announced later this day. Specifically, they are willing to see new signals about the further revision of the core interest rate in the country.

US dollar shows stronger positions vs euro and yen
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