Cryptocurrency Brief: Bitcoin holds above $7,000 handle, Japanese city introduces blockchain-powered voting system, Bittrex acquires 10 pct stake in blockchain startup Palladium– Monday, September 3rd, 2018
Mon, 03 Sep 2018, 12:55 pm UTC
BTC/USD: Bitcoin prices managed to stay above the $7,000 psychological mark and will now be eyeing the next mark at $8,000. After hitting a high of $7,429 yesterday, the cryptocurrency, however, corrected its gains, only to be seen sliding in Monday’s European session. At the time of writing, BTC/USD slipped 0.75 percent to $7,250.20. Meanwhile, the near-term support is seen at $7,000.00 and resistance at $7,500.00.
ETH/USD: Similar to Bitcoin’s trend, Ethereum prices also remained on the downside, disappointing investors in Monday’ afternoon session. In other news, government of the Japanese city of Tsukuba has introduced an online voting system, powered by blockchain, aimed at enabling residents to vote for social development programs, a report from CCN confirmed. At the time of writing, ETH/USD plunged 2.67 percent to $287.35, close to the day’s low of 285.75. Meanwhile, the near-term support is seen at $270.00 and resistance at $305.00.
XRP/USD: Ripple also witnessed decent losses, hovering near to the day’s lows as investors remain cautious over news of the EU’s tightening of crypto regulations. In other news, a report from CryptoGlobe confirmed that US-origin cryptocurrency exchange Bittrex has acquired a 10 percent stake in Malta-based blockchain startup Palladium. At the time of writing, XRP/USD suffered 2.20 percent to $0.33454. Meanwhile, the near-term support is seen at $0.2700 and resistance at $0.4300.
BCH/USD: Bitcoin Cash, remained no different, losing, at a proportionately higher rate compared to its peers. At the time of writing, BCH/USD plunged nearly 4 percent to $626.30. Meanwhile, the near-term support is seen at $540.00 and resistance at $713.00.
EOS/USD: The EOS, also suffered heavily, but remained range-bound since Friday’s session. At the time of writing, EOS/USD lost over 3 percent to $6.4334. Meanwhile, the near-term support is seen at $5.75 and resistance at $7.23.
LTC/USD: Litecoin was also not spared by the sell-off sentiment ahead of the Litecoin Summit scheduled to be held on September 14-15 at the San Francisco conference center. Further, other news include, Thailand’s anti-money laundering agency is considering to seal a dent that allows cybercriminals to face all consequences for their actions except for having their digital assets confiscated. At the time of writing, LTC/USD traded 2.10 percent lower at $64.73. Meanwhile, the near-term support is seen at $57.00 and resistance at $75.00.
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