Webinar: Cryptocurrency Market Under Seige; Prices Look Precarious
In this week’s webinar we discussed how a raft of bad news for the digital coin market has turned sentiment sour, with a majority of coins – Ethereum (ETH) aside – registering heavy double-digit losses for the month. And with important support levels in sight, the market remains on edge.
Other cryptocurrency topics covered included –
- Japanese exchange Coincheck was hacked last Friday, losing 530 million NEM (XEM) coins.
- The CFTC issued subpoenas to Tether (USDT) and digital exchange Bitfinex as rumors swirl.
- Facebook is banning ads promoting cryptocurrencies and ICOs.
- Ethereum (ETH) bucks the trend and continues to push higher over the month.
--- Written by Nick Cawley, Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.