Copy link
Increase text size
Decrease text size
Link copied

Cryptocurrency Brief: Bitcoin surges to 3-week high on renewed buying interest, altcoins follow suit, ETH/USD ditches the trend – Tuesday, August 28th, 2018

Tue, 28 Aug 2018, 11:59 am UTC

BTC/USD: Bitcoin prices surged to a 3-week high during European session Monday as investors engaged in buying attitude across the board. A report from Ethereum World News confirmed that Tom Lee has predicted that BTC could end this year with a new all-time high, predicting BTC/USD at $25,000 by end-2018. At the time of writing, BTC/USD jumped 1.50 percent to $7,010.00. Meanwhile, the near-term support is seen at $6,600.00 and resistance at $7,500.00.

ETH/USD: Contrary to Bitcoin’s trend, Ethereum prices remained on the downside. Again, a report from CCN, confirmed that the Reserve Bank of India (RBI) has established a new internal unit aimed at researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). At the time of writing, ETH/USD slipped 0.18 percent to $287.65, close to the day’s high of 289.20. Meanwhile, the near-term support is seen at $260.00 and resistance at $315.00.

XRP/USD: Ripple jumped close to 3 percent during afternoon session Tuesday in a general sense of optimism that sparked investors’ confidence in the virtual currency world. At the time of writing, XRP/USD jumped 2.76 percent to $0.34753. Meanwhile, the near-term support is seen at $0.3100 and resistance at $0.3700.

BCH/USD: Bitcoin Cash, followed the footprints of its peers, gaining, but struggling to retail the $550 mark, after a huge dropdown over the past few days. At the time of writing, BCH/USD traded 0.37 percent up at $551.80. Meanwhile, the near-term support is seen at $505.00 and resistance at $600.00.

EOS/USD: The EOS rallied Tuesday, spurred by a massive buying interest in the crypto market. Also, the fifth-largest cryptocurrency by market cap, EOS has announced a solution to tackle and RAM-steal attacker, reports from Ethereum World News confirmed, which further added to the basket of gains. At the time of writing, EOS/USD jumped 1.18 percent to $5.4510. Meanwhile, the near-term support is seen at $4.80 and resistance at $5.70.

LTC/USD: Litecoin remained above 1 percent during Tuesday’s afternoon session. At the time of writing, LTC/USD traded 0.82 percent higher at $61.13. Meanwhile, the near-term support is seen at $50.00 and resistance at $75.00.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,829.86 (+2.37%)
  • Ethereum (ETH) $246.12 (+2.10%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $260.78 (+2.63%)
  • Bitcoin SV (BSV) $198.54 (+1.44%)
  • Bitcoin (BTC) $9,829.86 (+2.37%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.