Summary:
- US Securities and Exchange Commission rejects Bitcoin ETF proposals
- New Revolut’s card to allow cashback in cryptocurrency
- Bitcoin (BITCOIN on xStation5) returns below the $6500 handle
Despite quite a calm picture painted so far today, major cryptocurrencies have marched lower since yesterday. Bitcoin has declined to around $6400 sending its market capitalization again to around the $110 billion mark. The capitalization of the whole cryptocurrency market stays a little below $210 billion. Today’s major topics concern the SEC’s harsh stance to ETF proposals and a new premium card from Revolut.
Yesterday, we mentioned BITCOIN’s rises, but since then it has returned below the $6500 handle. On Thursday morning, the cryptocurrency is hovering again around the level from the beginning of this week, moving in the vicinity of the 8- and 33-period moving averages on the H4 interval (yellow and purple lines on the chart). Could BITCOIN break ongoing stagnancy? Source: xStation5
Yesterday, the US Securities and Exchange Commission (SEC) published three decisions in which it rejected Bitcoin ETF proposals. The mentioned proposals were submitted by ProShares, Direxion and GraniteShares. SEC stated that ETFs proposals had not met its burden. Even as the news could have been Bitcoin negative, it did not push the cryptocurrency particularly lower.
ETHEREUM has started the day rather calmly. Looking at the H4 chart, we could notice that the two latest candlesticks are almost completely flat. Neither Ether bulls, nor Ether bears, seem to have steam to push the virtual currency up or down. The cryptocurrency sits a notch below the $270 handle at press time. Source: xStation5
Revolut, a UK-based company providing alternative digital banking services, has launched a new premium debit card. The new card offers various premium services for customers, such as a free concierge or a free overseas medical insurance. What’s interesting, Revolut Metal (this is how the card has been named) will entitle users to grab up to a 1% cashback from their payments (more precisely, a 1% cashback on transactions outside Europe, a 0.1% cashback on transactions within Europe) in some fiat currencies, but also… in five selected cryptocurrencies, including Bitcoin, Ethereum and other ones. Now, Revolut is available only in Europe, but it plans to expand its activity elsewhere in the nearby future
In today’s morning, RIPPLE is fluctuating in the vicinity of the lower bound of the consolidation ranging from around $0.31 to around $0.35. RIPPLE, like Ether, has begun Thursday quite insipidly. Source: xStation5
