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Daily Cryptocurrency Tracker 13.12.18: Crypto markets remain lower

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The bearish trend in crypto markets continued over the past 24 hours, as 9 of the top 10 cryptos registered losses. However, some of the losses seen were moderate, as 5 cryptos declines less than 1%. At the time of writing, Bitcoin was 0.9% lower, still trading below the $3,500 mark.

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EOS goes against market trend

The only top 10 crypto to register gains over the past 24 hours was EOS. EOS was up more than 2.4% at the time of writing, climbing above Bitcoin Cash to regain its spot as the 6th largest cryptocurrency by market cap. Despite these recent gains, EOS still has a long way to go before erasing the losses suffered lately, as it is still down more than 12% for the week.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

UAE and Saudi Arabia use digital currency for cross-border payments

United Arab Emirates central bank governor Mubarak Rashed al-Mansouri yesterday spoke at a financial conference in Abu Dhabi, saying his nation and Saudi Arabia have begun using a digital currency for cross-border settlement. According to Mansouri, the digital currency was developed specifically for this purpose and is supported by the fiat currencies of each nation. Mansouri expressed hope that the currency is successful and could prompt other Gulf nations to join the system.

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Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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