Market Review. Results of the Day. 05/29/2018

May 29, 2018

Technical analysis

The medium-term falling trend continues, but the cryptocurrency market took a break today. Prices of main cryptocurrencies grew, ETH is the leader of the growth (+5.90%).

BTC $7,426.91. Resistance level is $7,600. Target level is $6,500.

ETH $557.05. Resistance level is $580. Target level is $440.

XRP $0.59313. Resistance level is $0.62. Target level is $0.50.

EOS $11.96. Resistance level is $13.00. Target level is $9.

BCH $980.30. Resistance level is $1,000. Target level is $750.


News review

Bank of England believes that if central banks issue their own cryptocurrencies, it would pose a serious threat to commercial banks, as people would prefer to deposit money there, not in commercial banks.

The average transaction fee in BTC network is lower, than in BCH network.

European Union wants Ukraine to define cryptocurrency standards by 2020.

The founder of TRON wants to purchase the company, that developed BitTorrent.

Poland has repealed the cryptocurrency taxation law.

South Korean parliament proposed to lift ICO ban.

Days before the launch of EOS mainnet critical vulnerability was discovered. EOS announced, that if developers will not fix it, the launch will be postponed.

A hospital in Scotland began to treat cryptocurrency trading addicts.

In Scotland, officially started to treat patients who are "dependent on trade in crypto-currencies."

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