Swiss cryptographic company Bitcoin Suisse has launched trading in gold, silver, and platinum using five fiat currencies as well as two major cryptocurrencies – BTC and ETH.
On April 29, the brokerage firm Bitcoin Suisse introduced trading in precious metals for Swiss francs, US dollars, British pounds, euros, and Danish krone. The company said that all precious metals available for trading on the platform are kept by a reliable banking partner.
The new feature is available to all traders – the minimum amount for buying precious metals is CHF 100. Metals purchased below CHF 100,000 will not be charged for storage.
Stefan Lütolf, Head of Trading and Liquidity Management at Bitcoin Suisse, said that this was the first time the firm had gone beyond the cryptocurrency. This supply is due to the growing demand for scarce assets with high value – gold and Bitcoin. Lütolf added that it is too early to equate bitcoin with gold, but the situation may change.
Let us recall that last month, the Paxful platform also provided an opportunity to buy and sell physical gold for bitcoins. Also, in the third quarter of this year, Australian startup Meld Gold plans to launch a blockchain-based platform for trading tokenized gold.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin dropped to the support level of $8,700. Then it rose to the resistance level of $9,200. Now, the price of bitcoin is $9,140. In the future, we predict a decrease in the price of bitcoin. The nearest resistance levels are $9,200, $9,400, $9,700, $9,840, $9,950, $10,000, $10,250, $10,500. The nearest support levels are $9,000, $8,600, $8,150, $7,900, $7,600, $7,500.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum fell to the support level of $196. Then it rose to the resistance level of $206. Now, the price of ethereum is $206. In the future, we predict a decrease in the price of ethereum. The nearest resistance levels are $209, $212, $216, $218, $226, $245. The nearest support levels are $206, $200, $198, $193, $189, $186, $183, $178, $174, $169.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple dropped to the support level of $0.19. Then it rose to the resistance level of $0.20. Now, the price of ripple is $0.1970. In the future, we expect a decrease. The nearest resistance levels are $0.2, $0.2020, $0.2060, $0.21, $0.2150, $0.22, $0.23, $0.2350. The nearest support levels are $0.1950, $0.19, $0.1820.
