Bitcoin and Ethereum recover but gains are limited

Bitcoin price tested the key USD 6,450 support area and later recovered. BTC/USD moved higher and traded above the USD 6,500 resistance, but gains were limited. Similarly, ethereum price recovered after dropping below the USD 200 support. It could continue to move higher in the short term towards the USD 208 and USD 210 resistances. Ripple performed well as it traded above the USD 0.450 and USD 0.460 resistance levels. Overall, the market sentiment slightly improved, but bitcoin is still trading well below the USD 6,550 and USD 6,600 barriers.

Bitcoin price
There was a downside spike towards the USD 6,450 support in bitcoin price . BTC/USD found a strong buying interest near USD 6,450 and later started an upward move. It traded up by more than USD 50 and broke the USD 6,500 resistance. On the upside, an initial resistance is at USD 6,520, followed by USD 6,550.
On the downside, the price could decline towards the USD 6,480 level if it fails to hold the USD 6,500 support. Any further losses may perhaps push the price back towards the USD 6,450 support area.

Ethereum price
Ethereum price slowly recovered and broke the USD 205 resistance. However, ETH/USD failed to gain momentum above USD 205 and the pair is currently consolidating near USD 204.
On the downside, an initial support is near the USD 202 level, followed by the key USD 200 support. To the topside, the price has to break the USD 208 and USD 210 levels to stage a decent rebound.

Bitcoin cash and ripple price
Bitcoin cash price remained in a range below the USD 450 resistance. BCH/USD seems to be facing a tough barrier around the USD 450 – USD 460 zone. On the downside, the USD 440 level is a decent support, below which the price may drop towards the USD 425 level.
Ripple price gained momentum recently and traded up by around 2.8%. XRP/USD broke the USD 0.450 and USD 0.460 resistance levels to climb back into the positive zone.

Other altcoins market today
A few altcoins gained between 8%-20% today, including MAGO, GVT, DROP, BCD, REP, NEXO, BTG and SC. Out of these, MGO gained around 17% and GVT traded up roughly 15.5%.
Overall, bitcoin price bounced back after testing the USD 6,450 support. However, the price has to surpass the USD 6,550 and USD 6,600 resistance levels to start a solid upward move. Until then, BTC/USD and ETH/USD may well continue to trade in a range. On the flip side, a downside break below USD 6,400 could open the gates for more declines in the near term.


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Author: Aayush Jindal
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Trezor Users Can Now Exchange Cryptocurrencies Directly In-Wallet

This week the hardware wallet Trezor added the ability to buy and trade cryptocurrencies within its beta wallet’s interface. Now users can swap between eleven different digital assets without the possibility of compromising funds by leaving them on an exchange.

Trezor Hardware Wallet’s Beta Version Allows Users to Buy & Trade Digital Currencies

Users can now swap cryptocurrencies from within their Trezor hardware wallets by using the firm’s beta wallet. The beta wallet is almost identical to the traditional user interface but it contains different features not yet added to the main Trezor client. On September 19, Trezor explained on Twitter, “Our beta servers now allow you to exchange cryptocurrencies directly in the Trezor Wallet interface.” The wallet’s new exchange section allows users to purchase cryptocurrencies from exchanges, and swap their existing digital assets on the same trading platforms.

Exchanges available on the Trezor beta wallet.

When entering the beta page, it’s basically the same as the main client and you will have to plug in your Trezor and login to use the new features. Once inside the wallet, on the top right side of the screen there’s a new ‘exchanges’ tab.

A disclaimer must be accepted to use the exchange services.

If it’s a person’s first time using the exchange feature, they have to agree to a disclaimer that states basically all the trades made is between the assets’ owner and the third party trading platform. The digital asset exchanges available on the Trezor platform include Changenow, Coinmama, Changelly, Paybis, and Coinswitch. The wallet’s users can swap BCH, ZEC, XRP, LTC, BTG, XMR, DASH, DOGE, BTC, ETH, ETC, and XMR.

Trezor Exchange Feature is Optional and the Trading Platforms Might Run KYC

A representative from Trezor explains the company won’t be running any Know Your Customer (KYC) requirements for the new feature. “Just to clarify, we won’t run KYC — The exchanges might. (We do not offer exchange services, they all go through third parties.),” the team’s marketing manager details on Twitter.

It’s an optional service. If KYC will be enforced by those services, user will know it and can refuse to continue — Decentralized exchanges are, of course, being evaluated.

The Trezor hardware wallet will be joining Keepkey as the Shapeshift owned manufacturer’s hardware wallet also enables cryptocurrency swaps in-wallet as well. Keepkey owners have the ability to use Shapeshift by selecting a currency in their wallet they would like to trade with the other digital assets offered in the drop-down menu. With Shapeshift changing its business model to a membership service, it is uncertain how it will affect its compatibility with Keepkey. Ledger Wallet does not provide any exchange or trading services in any of its hardware models. However, there is a section in the Ledger Live platform that shows a Buy/Trade tab but the browser redirects the user to the exchange after it is chosen.

Images via Shutterstock, Pixabay, and the Trezor wallet inte


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Author:  Jamie Redman 
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