Ethereum falls for first time in four days as $900 barrier holds

Ethereum fell on Wednesday on track for the first loss in four days on profit-taking away from one-week highs, after the $900 barrier held its ground. 

At Bitstamp, ethereum fell $7, or 0.8% to $863 from the opening of $870, with a session-high at $889, and a low at $859. 

Ethereum rose 0.5% on Tuesday, the third daily profit in a row, marking a one-week high at $896. 

As cryptocurrencies lose ground, their market value fell by $19 billion to $448 billion, with ethereum accounting for 19% of the total value. 

The Group of 20 financial ministers and central bank governors are expected to gather in Buenos Aires next March, with cryptocurrencies expected to be one of the main issues discussed there. 

Over 35 countries and the European Commission asked the Financial Action Task Force on Money Laundering (FATF) to put up rules specific for cryptocurrency trading to ensure its legality.

FATF promised to propose such anti-laundering rules for the cryptocurrency market in the next G20 ministerial meeting. 

Otherwise, Malaysian central bank issued new rules to regulate cryptocurrencies and monitor the information of clients that use their platforms. 

These new regulations force banks and financial institutions to give reports on all clients and people who conduct cryptocurrency transactions, in order to prevent money laundering and terrorism funding operations.