04September
Bitcoin Remained Above $10,000

Bitcoin remained above the $10,000 level while other popular digital coins made little gains on Wednesday.

Bitcoin rose by 2.00% to $10,535.8 this morning. Meanwhile, Ethereum and XRP also gained by 0.49% and 0.46% respectively. Similarly, Litecoin grew by 2.12%.

This morning, VanEck Securities Corp. and SolidX Management LLC introduced an ETF-like Bitcoin in an attempt to draw institutional money to the crypto sector.

According to the Rule 144A of the Securities Act of 1933, VanEck and SolidX will be able to sell shares in the VanEck SolidX Bitcoin Trust to qualified institutional buyers.

Separately, the Dutch Central Bank revealed that it would start regulating firms that offer cryptocurrency-related services from January 2020.

Price of Crude Oil Futures Rose

Crude oil futures rose during the Asian session on Wednesday.

Crude oil futures for October delivery went up by 0.39% to $54.15 per barrel on the New York Mercantile Exchange.

Earlier, the barrel traded during a bullish dollar session. The crude oil was likely to find support at $52.84 and resistance at $56.72.

Separately, the US Dollar Futures Index, which tracks the performance of the greenback against six other major currencies, dropped by 0.08% to trade at $98,868.

Elsewhere on ICE, Brent oil for delivery in November rose by 0.27% and traded at $58.42 per barrel.

Brexit: Oppositions 'no deal' motion passed in the House of Commons

The motion submitted in the British Parliament on Tuesday by opponents of an exit without EU approval was adopted, despite threats of early elections brandished by the government.

It will allow them to control the parliamentary agenda on Wednesday and to try to pass a bill to compel Prime Minister Boris Johnson to call for a postponement of the EU's exit until 31 January 2020, unless an agreement is either approved by Parliament or accepts the principle of an exit without agreement.

Financial Events to watch for today

08:30 GMT
Composite PMI (Aug) [UK]
14:00 GMT
BoC Interest Rate Decision [CA]