Market Review. Results of the Day. June 14, 2018

June 14, 2018

Technical analysis

Main cryptocurrencies has continued to grow today. Bitcoin is currently trying to break through the resistance level of $6,500.

The nearest target of the growth is $6,700. The medium-term target is $14,000. 

BTC $6300.00. Resistance level is $6,500.

ETH $515. Resistance level is $500.

XRP $0.55656. Resistance level is $0.56.

EOS $10.448. Resistance level is $10.

BCH $890.80. Resistance level is $900.

News review

SEC officially said, that Ethereum is not a security. ETH rate is growing.

Reserve Bank of India admitted, that it did not perform any research before banning cryptocurrency operations.

A Russian resident from Altai Republic became the first person ever to declare his cryptocurrency trading income.

Western Union denied a rumour, that it will support cryptocurrency transfers.

Adblock will use blockchain to detect fake news.

JD Finance, the banking arm of the Chinese e-commerce giant, announced the plans to issue asset-backed securities on blockchain.

A University of Texas Professor John Griffin and a graduate student Amin Shams published a paper, where they find a pattern between the issuance of Tether (USD) and the growth of Bitcoin in 2017. They claim, that BTC growth was a result of a price manipulation campaign.


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