Cryptocurrency Brief: Altcoins caught in range-bound trading, Belgium-based investment firm NXMH acquires 80 pct stake in Bitstamp - Monday, October 29th, 2018
Mon, 29 Oct 2018, 12:02 pm UTC
BTC/USD: Bitcoin prices traded range-bound during late European session Friday, amid lack of market-moving events. At the time of writing, BTC/USD hovered around $6,476.70, marking a high of $6,512.00. Meanwhile, the near-term support is seen at $6,300.00 and resistance at $6,800.00.
Market Update: According to a report from CryptoGlobe, citing Reuters source, Belgium-based investment firm NXMH had acquired an 80 percent stake in Bitstamp, the largest crypto in the European Union by trading volume.
ETH/USD: In line with Bitcoin, Ethereum also traded along the sidelines, following a long week of steady trading towards the end of this year; the day’s high was seen at $205.49 and low at $199.68. At the time of writing, ETH/USD slipped 1 percent to 202.72. Meanwhile, the near-term support is seen at $190.00 and resistance at $240.00.
XRP/USD: Ripple, too suffered the bruises left by its counterparts, suffering during Monday’s afternoon session amid a topsy-turvy movement along the curve. At the time of writing, XRP/USD lost nearly 2 percent to $0.45500. Meanwhile, the near-term support is seen at $0.3900 and resistance at $0.5000.
BCH/USD: Bitcoin Cash, too matched the footprints with its immediate peers, for reasons unknown; however, the trend is range-bound for the past few weeks. At the time of writing, BCH/USD fell 2 percent to $433.30. Meanwhile, the near-term support is seen at $425.00 and resistance at $470.00.
EOS/USD: Nothing different, the EOS, also remained range-bound as investors wait to find direction in the digital currency market amid mixed news. At the time of writing, EOS/USD traded 1 percent lower at $5.3841. Meanwhile, the near-term support is seen at $5.15 and resistance at $5.60.
LTC/USD: Litecoin, also matched its counterparts, keeping up the red trading. At the time of writing, LTC/USD lost 1.50 percent to trade at $51.239. Meanwhile, the near-term support is seen at $47.00 and resistance at $60.00.
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