Crypto Market Remains Low As Major Currencies Suffer

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(CURRENCY:) traded flat against the dollar during the 24 hour period ending at 2:00 AM Eastern on April 18th.

For one, on Friday of last week, the Intercontinental Exchange, which is the parent company of the New York Stock Exchange, hinted at plans to launch a new company that enables "consumers and institutions to buy, sell, store and spend digital assets on a seamless global network", which one would expect to spur a surge.

Bitcoin Cash broke through to $600 levels, with an intraday high $620, Bitcoin Cash managing to hold on to $600 levels through the afternoon, while falling short of the first major resistance level at $626.73. X2 has a market capitalization of $0.00 and approximately $0.00 worth of X2 was traded on exchanges in the last day. Due to the explosive December - January rally which saw XRP soar from $0.20 to $3.30, a lack of any technical support around current levels is notable on the charts.

At the time of writing, Litecoin was down 0.59% to $62.71, with Thursday's late pullback weighing in the early hours of this morning, Litecoin falling to a morning low $62.5, the moves through the early hours leaving the major support and resistance levels untested.

Unobtanium (UNO) traded up 1.7% against the dollar and now trades at $150.25 or 0.02378980 BTC.

Namecoin (NMC) traded down 5.4% against the dollar and now trades at $1.91 or 0.00030197 BTC.

Crown (CRW) traded down 8.6% against the dollar and now trades at $0.36 or 0.00005748 BTC.

Terracoin (TRC) traded down 1.5% against the dollar and now trades at $0.0729 or 0.00001154 BTC.

ATBCoin (ATB) traded 5% lower against the dollar and now trades at $0.0387 or 0.00000614 BTC.

CHIPS (CHIPS) traded 23.9% lower against the dollar and now trades at $0.0663 or 0.00001060 BTC.

UnbreakableCoin (UNB) traded 12.4% lower against the dollar and now trades at $0.23 or 0.00003636 BTC. Bitcoin Cash's official Twitter account is @bitcolncash and its Facebook page is accessible here.

SEC leaders have publicly labeled bitcoin as a commodity and in June made it clear that cryptocurrencies would not be treated like securities, which offers a peek at how the agency might seek to regulate them. The company was only partnering with Bakkt to allow users to convert cryptocurrencies into US dollars which could be used at Starbucks. Investors seeking to trade X2 should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy X2 using one of the aforementioned exchanges.

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