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September 20, 2020
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Crypto market: Ethereum rises 7% to $ 245

Update on Ethereum and the crypto market in general

The ETH / USD pair is the biggest winner among today’s major cryptos, with a 7% price hike. Ethereum broke $ 245 and is trading at $ 242.56 at the time of this writing.

Meanwhile, the BTC / USD pair jumped significantly above $ 9,600 today, trading at $ 9,555 after a brief retreat. Bulls was unable to keep BTC above $ 9,589 to confirm a daily upward trend.

The XPR / USD pair remains really weak and trading at just $ 0.188. The EMA-12 in the diary will act as a resistance level if the bullish move continues.

The biggest winner in the last 24 hours is DigiByte, with a 23% rise to $ 0.02 and a trading volume of nearly $ 50 million, thanks to the listing on Binance.

ETH / USD daily chart

Market

ByBit, a popular cryptocurrency exchange now supports more than 20 fiat currencies.

“Thanks to our payment partners Banxa and XanPool, Bybit users can now buy cryptocurrencies with a credit or debit card.” – said Ben Zhou, CEO of ByBit.

Ebang, a Chinese manufacturer of Bitcoin mining machines, will be listed on the NASDAQ on June 26. The report says it will be officially listed at 9:30 pm, with a fundraising scale of $ 86.94 million and up to $ 125 million.

Recent statistics are showing that people are withdrawing their Bitcoins from exchanges. In fact, Bitcoin whales, investors with more than 10 Bitcoins, are also withdrawing coins from exchanges. This is one of the most important long-term metrics and could affect the entire crypto market in the near future.

Industry

According to Coindesk, Paypal plans to launch direct sales of cryptocurrencies to all its users. History does not indicate how many cryptocurrencies will be available or which will be supported, but it appears to be confirmed by three different sources.

Source: FXStreet

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