Cryptocurrency Brief: Bitcoin continues range-bound trading, Binance announces to donate listing fees, WTO applauds XRP – Monday, October 8th, 2018
Mon, 08 Oct 2018, 11:18 am UTC
BTC/USD: Bitcoin prices continued to remain range-bound during late European session Monday, amid lack of any market-moving news that gathered investors’ attention. At the time of writing, BTC/USD traded nearly flat at $6,607.70. Meanwhile, the near-term support is seen at $6,500.00 and resistance at $6,700.00.
Market Update: According to a report from CryptoGlobe, leading cryptocurrency exchange Binance has announced today that it will be donating 100% of its listing fees to charity.
ETH/USD: In line with Bitcoin prices, Ethereum also remained caught in a tight trading day amid lack of market-moving events, albeit falling slightly during Monday’s afternoon session; the day’s high was seen at $227.14 and low at $224.20. At the time of writing, ETH/USD traded 0.23 percent lower at 225.75. Meanwhile, the near-term support is seen at $200.00 and resistance at $245.00.
XRP/USD: With an overall strong upside momentum still in place, Ripple prices climbed, albeit losing out proportionately when compared to recent surprise jump. At the time of writing, XRP/USD surged 1.17 percent to $0.48894. Meanwhile, the near-term support is seen at $0.4600 and resistance at $0.5200.
Market Update: According to a report from CoinGape, the World Trade Organization (WTO) has applauded XRP, believing that cryptocurrencies have the ability to transform global commerce. The WTO report reads:
"Blockchain has the potential to profoundly transform the way we trade, who trades and what is traded.” It continues to say that “Blockchain is helping smaller businesses to start trading by supporting them in building trust with partners around the world."
BCH/USD: Bitcoin Cash, too remained stuck in a tight trading range, tracking a similar movement in its immediate counterparts. At the time of writing, BCH/USD edged 0.70 percent higher to $524.60. Meanwhile, the near-term support is seen at $505.00 and resistance at $540.00.
EOS/USD: Nothing different, the EOS also remained tad higher during afternoon session Monday, tracking its peers. At the time of writing, EOS/USD traded 0.62 percent higher at $5.7982. Meanwhile, the near-term support is seen at $5.60 and resistance at $5.90.
LTC/USD: Litecoin, also matched its peers, keeping up the range-bound trading, as it has been for the past few days. At the time of writing, LTC/USD hardly gained to trade at $58.484. Meanwhile, the near-term support is seen at $50.00 and resistance at $65.00.
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