Cryptocurrencies Rise, Ethereum Surges 12% By Investing.com

UPDATE 6-Oil steadies as market prices in expectations of OPEC supply cut

Cryptocurrencies Rise, Ethereum Surges 12%

CommoditiesSep 13, 2018 23:39

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© Reuters. Cryptocurrencies rose on Friday morning in Asia

Investing.com – Cryptocurrencies rose on Friday morning in Asia, as initial coin offering (ICO) projects sold three times more Ethereum in the past 10 days than in August.

Bitcoin edged up 1.56% to $6,500.1 at 10:34PM ET (02:34GMT) on the Bitifinex exchange.

Ethereum spiked 12.56% to $216.26 in the previous 24 hours.

XRP/USD also rose 2.71% to $0.28032 on the Poloniex exchange, while Litecoin settled 2.91% higher at $54.742.

In the past 10 days, 160,000 Ethereum tokens were sold by ICOs and another 120,000 sold in the previous 20 days, making a total of about $54 million worth of tokens within the last 30 days, according to a report from TrustNotes published on Thursday.

On Wednesday, Ethereum hit a 16-month low of $170.58.

Mike Novogratz, CEO of crypto firm Galaxy Digital, tweeted on Thursday that bitcoin is at its bottom.

“I think we put in a low yesterday. Retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble…markets like to retrace to the breakout…we retraced the whole of the bubble.”

Morgan Stanley (NYSE:MS) plans to offer trading in derivatives tied to bitcoin, according to a Bloomberg report, after its rival Goldman Sachs Group (NYSE:GS) reported to abandon plans to open a desk for trading digital tokens due to unclear regulatory framework.

Japan also echoed the sentiment. Telecom group Softbank, software firm Synchronoss Technologies and blockchain company TBCASoft completed a Proof of Concept (PoC) trial for a new mobile payments system that enables global peer-to-peer payments across different carriers.

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S&P/TSX	15,143.59	-11.91	-0.08%
S&P/TSX 60 VIX	17.42	0.00	0.00%
S&P 500 VIX Futures	18.58	+0.30	+1.67%
S&P 500 Futures	2,728.25	-14.75	-0.54%
Nasdaq Futures	6,829.00	-66.25	-0.96%
DAX	11,327.91	-13.09	-0.12%
US Dollar Index	96.21	-0.12	-0.13%
Bitcoin Futures	5,060.0	-355.0	-6.56%

Crude Oil WTI	56.02	-0.44	-0.78%
Brent Oil	66.07	-0.69	-1.03%
Natural Gas	4.484	+0.212	+4.96%
Gold	1,222.00	+1.20	+0.10%
Silver	14.380	-0.002	-0.01%
US Soybeans	883.25	-8.95	-1.00%
US Cotton #2	77.95	-0.34	-0.43%
Aluminum	1,940.00	-6.75	-0.35%

USD/CAD	1.3189	+0.0041	+0.31%
EUR/USD	1.1435	+0.0021	+0.18%
USD/JPY	112.84	+0.02	+0.02%
GBP/USD	1.2842	+0.0007	+0.05%
CAD/USD	0.7582	-0.0023	-0.30%
EUR/CAD	1.5080	+0.0066	+0.44%
GBP/JPY	144.91	+0.10	+0.07%
USD/CHF	0.9962	-0.0037	-0.37%

BTC/USD	5,207.8	-443.0	-7.84%
ETH/USD	156.48	-20.99	-11.83%
BCH/USD	250.00	-197.34	-44.11%
BTC/CAD	6,415.3	-716.2	-10.04%
LTC/USD	36.610	-5.300	-12.65%
IOT/USD	0.36042	-0.05279	-12.78%
XRP/USD	0.48210	-0.04045	-7.74%
LTC/ETH	0.23840	-0.00238	-0.99%

Cryptocurrencies Rise, Ethereum Surges 12%

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