Market Review. Results of the Day. 05/15/2018

May 15, 2018

BTC $8549.11

ETH $717.97

XRP $0.7113

BCH $1384.79

LTC $140.60

EOS $13.10


Technical analysis

Main cryptocurrencies continued to slightly decrease today. EOS performed worse that the rest of the market (-7.7%). Trading volumes declines, as the short-term falling trend continues. 

BTC resistance level is $9,000.

ETH resistance level is $750.

XRP resistance level is $0.75.

EOS resistance level is $15.00. A continuation pattern is forming on the EOS chart with the target of $10. 


News review

Microsoft to ban cryptocurrency and ICO ads in their ad service Bing Ads in July.

Russian media outlet Izvestia reports, that a registry of all cryptocurrency traders in the country will be created. Moreover, Russians will be able to participate in ICOs only if they provide their passport data and the Taxpayer Identification Number (TIN).

All charges against the cryptocurrency exchange UpBit were dropped. The exchange was accused of fraud.

District tax collector in Seminole County, Florida has signed an agreement with the payment service BitPay and will start to accept BTC and BCH for some services.

LG CNS, a subsidiary of a tech giant LG, announced the launch of its own blockchain platform Monachain.

CME Group in partnership with Crypto Facilities launched Ethereum reference price and ETH/USD index.

CFO of the largest Australian bank, Commbank, Rob Jesudason leaved his job and joined EOS.

A famous investor Steve Eisman of a Hollywood movie The Big Short heavily criticized cryptocurrency.

"I don't see the purpose of it. What value does cryptocurrency actually add? No one's been able to answer that question for me."

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