Cryptocurrency Brief: Bitcoin trades slightly higher, BCH/USD surges after Bitmain announces IPO filing on HKEX, NZ police department warns on crypto investments – Thursday, September 27th, 2018
Thu, 27 Sep 2018, 11:51 am UTC
BTC/USD: Bitcoin prices remained range-bound during late European session Thursday, after days of topsy-turvy movements. At the time of writing, BTC/USD gained 0.11 percent to $6,471.50. Meanwhile, the near-term support is seen at $6,300.00 and resistance at $6,500.00.
Market Update: According to a report from CCN, New Zealand’s police department has urged the public to be vigilant of online investment schemes offering heightened returns with investments in cryptocurrencies like bitcoin.
ETH/USD: In line with Bitcoin prices, Ethereum also rose, breaking the continuous fall seen over the past three days. At the time of writing, ETH/USD rose nearly 1 percent to $216.17; the day’s high was seen at $219.89 and low at $209.96. Meanwhile, the near-term support is seen at $200.00 and resistance at $230.00.
XRP/USD: Ripple, surged during Thursday’s afternoon session, tracking Coinbase’s announcement that it will list a number of new assets on the exchange, citing a chief request from one of its customers, a report from CCN stated. Further, the firm said yesterday, "Today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner. With this shift in process, our customers can expect us to list most assets over time that meet our standards". At the time of writing, XRP/USD surged 3.11 percent to $0.52911. Meanwhile, the near-term support is seen at $0.4300 and resistance at $0.6300.
BCH/USD: Bitcoin Cash, also tracked Ripple’s movements, climbing over 5 percent during late European session Thursday after Bitmain, a manufacturer of some of the industries’ most popular cryptocurrency mining hardware have announced their filing for an Initial Public Offering (IPO) on the Hong Kong Stock exchange, CryptoDaily reported. At the time of writing, BCH/USD jumped 5.37 percent to $541.10. Meanwhile, the near-term support is seen at $430.00 and resistance at $600.00.
EOS/USD: The EOS, also surged, tracking its wider peers amid a range of mixed news around the cryptocurrency market. At the time of writing, EOS/USD traded 0.64 percent higher at $5.5886. Meanwhile, the near-term support is seen at $5.23 and resistance at $6.05.
LTC/USD: Litecoin, remained stuck in a tight trading range, in the aftermath of the panic sell-off seen over the past few days after financial authorities decided to gear up their degree of regulations for a better trading and investment experience. However, at the time of writing, LTC/USD climbed 0.62 percent to $57.671. Meanwhile, the near-term support is seen at $50.00 and resistance at $61.00.
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