It’s Thursday, November 2nd, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. XRP/EUR has confirmed below the daily Ichimoku cloud, approaching the 0.16 support level once again.
While the future cloud has turned bullish, the market sentiment appears to be bearish, sending mixed signals to the trading crowd. The next support level is set at 0.14, while pivot point falls on the upper band of the Ichimoku cloud at 0.19. It could take the pair a while to get back to the key resistance level of 0.23 at this point. Despite the current selloff,
Ripple users internationally appear to value its speed. For example, in India, where payments typically take three or four days to reach, Ripple’s six to seven-second settlement is quite extraordinary and could become high in demand. However, more than the cryptocurrency itself, the majority of banks seem to be excited about the blockchain industry itself.
In many countries, cross-border payments have to deal with two banks and two regulators, so it be two or three years before regulators take a position on cryptocurrencies. Meanwhile, banks can find a good value proposition to start with blockchain without getting into cryptocurrencies. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
|Nov 11, 2017||0.205948||0.214456||0.205459||0.210430||134,503,000||7,935,490,000|
|Nov 10, 2017||0.218256||0.219068||0.205260||0.206483||141,033,000||8,409,740,000|
|Nov 09, 2017||0.217911||0.221791||0.214866||0.217488||147,917,000||8,396,440,000|
|Nov 08, 2017||0.210675||0.221458||0.208060||0.217437||156,959,000||8,117,620,000|
|Nov 07, 2017||0.205103||0.211375||0.203978||0.210354||114,073,000||7,902,920,000|
|Nov 06, 2017||0.201967||0.208662||0.201410||0.205990||102,233,000||7,782,080,000|
|Nov 05, 2017||0.203274||0.205124||0.201117||0.202055||46,959,000||7,832,450,000|
|Nov 04, 2017||0.208083||0.208479||0.202133||0.203750||74,013,200||8,017,770,000|
|Nov 03, 2017||0.206205||0.228026||0.201728||0.208133||373,402,000||7,945,410,000|
|Nov 02, 2017||0.194596||0.211848||0.183815||0.205861||197,770,000||7,498,090,000|
|Nov 01, 2017||0.200247||0.201501||0.193613||0.194124||67,921,000||7,715,840,000|
|Oct 31, 2017||0.202405||0.203778||0.200461||0.200558||43,875,700||7,798,990,000|
|Oct 30, 2017||0.203076||0.204135||0.201946||0.202711||34,835,100||7,824,820,000|
|Oct 29, 2017||0.201358||0.205209||0.200075||0.202785||62,511,100||7,758,640,000|
|Oct 28, 2017||0.202592||0.203476||0.201401||0.201835||26,864,900||7,806,200,000|
|Oct 27, 2017||0.203668||0.204492||0.201771||0.202785||29,623,000||7,847,650,000|
|Oct 26, 2017||0.204444||0.206289||0.202660||0.203628||38,193,100||7,877,530,000|
|Oct 25, 2017||0.207113||0.208237||0.201803||0.204604||75,017,500||7,980,370,000|
|Oct 24, 2017||0.195567||0.217508||0.190455||0.206644||220,081,000||7,535,480,000|
|Oct 23, 2017||0.203504||0.203919||0.190729||0.196928||99,914,800||7,841,330,000|
|Oct 22, 2017||0.210958||0.211901||0.200722||0.204177||75,849,500||8,128,520,000|
|Oct 21, 2017||0.210189||0.212381||0.200774||0.211016||116,807,000||8,098,920,000|
|Oct 20, 2017||0.215086||0.223822||0.208754||0.210549||182,704,000||8,287,600,000|
|Oct 19, 2017||0.218229||0.231790||0.208317||0.215150||304,542,000||8,408,710,000|
|Oct 18, 2017||0.231216||0.238150||0.207265||0.218520||354,225,000||8,909,100,000|
|Oct 17, 2017||0.256098||0.263147||0.222939||0.232064||411,265,000||9,867,860,000|
|Oct 16, 2017||0.263386||0.291359||0.249010||0.256232||963,158,000||10,148,700,000|
|Oct 15, 2017||0.257537||0.268419||0.249048||0.263983||280,211,000||9,923,310,000|
|Oct 14, 2017||0.261150||0.267721||0.257320||0.257320||211,160,000||10,062,500,000|
Cryptocurrencies make it less complicated to transfer price range among two events in a transaction; these transfers are facilitated via using public and private keys for security functions. These fund transfers are executed with minimum processing prices, allowing users to keep away from the steep fees charged by maximum banks and monetary institutions for twine transfers.
Valuable to the genius of bitcoin is the blockchain it uses to store an internet ledger of all the transactions that have ever been carried out using bitcoins, imparting a statistics structure for this ledger that is uncovered to a restricted hazard from hackers and can be copied throughout all computers running bitcoin software. Many professionals see this block chain as having important uses in technology, which includes online voting and crowdfunding, and major monetary establishments along with jp morgan chase see capacity in cryptocurrencies to decrease transaction fees with the aid of making fee processing greener.
But, because cryptocurrencies are virtual and do no longer have a valuable repository, a digital cryptocurrency stability may be worn out by a laptop crash if a backup copy of the holdings does no longer exist. When you consider that charges are primarily based on deliver and call for, the price at which a cryptocurrency can be exchanged for another forex can differ widely.
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