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Cryptocurrency Brief: Bitcoin trades tad higher, EOS in high demand, RBI establishes new cryptocurrency and AI research unit – Monday, August 27th, 2018

Mon, 27 Aug 2018, 11:29 am UTC

BTC/USD: Bitcoin prices remained tad higher during European session Monday, although the underlying sentiment remained gloomy over the past few sessions. According to a report from CCN, CON (ICX) and WanChain (WAN) have recorded 23 percent voluminous gains again in the past 24 hours, becoming the two best-performing assets in the global crypto market for two consecutive days. At the time of writing, BTC/USD rose 0.12 percent to $6,714.80. Meanwhile, the near-term support is seen at $6,400.00 and resistance at $7,100.00.

ETH/USD: Similar to Bitcoin’s trend, Ethereum prices also remained on the upside, albeit in smaller margins compared to recent gains. Although the mood for digital currency remains subdued, that for blockchain technology continues to soar. 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 climbed 0.66 percent to $276.14, mid-way from the day’s high and low of 280.19 and 271.39 respectively. Meanwhile, the near-term support is seen at $250.00 and resistance at $305.00.

XRP/USD: Ripple jumped close to 2 percent during afternoon session Monday, but remained stuck in a tight trading range as investors rush for detailed direction in the crypto market. In other news, China’s top search engine, Baidu has started to censor cryptocurrency-related discussions on its forums, CryptoGlobe reported, citing China Times. At the time of writing, XRP/USD surged 1.86 percent to $0.32870. Meanwhile, the near-term support is seen at $0.3000 and resistance at $0.3800.

BCH/USD: Bitcoin Cash, followed the footprints of its wider peers, but falling short of the $600 psychological mark, after a huge dropdown last week. At the time of writing, BCH/USD traded 0.71 percent up at $528.00. Meanwhile, the near-term support is seen at $500.00 and resistance at $600.00.

EOS/USD: The EOS, jumped heavily, quite contradictory to its peers’ gains, 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. At the time of writing, EOS/USD jumped 5 percent to $5.2000. Meanwhile, the near-term support is seen at $4.65 and resistance at $5.70.

LTC/USD: Rangebound as it was, Litecoin remained nearly 1 percent higher during Monday’s afternoon session. At the time of writing, LTC/USD traded 0.79 percent higher at $57.47. Meanwhile, the near-term support is seen at $50.00 and resistance at $70.00.

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  • Bitcoin (BTC) $8,643.86 (+7.27%)
  • Ethereum (ETH) $266.06 (+5.51%)
  • XRP (XRP) $0.408600 (+5.54%)
  • Bitcoin Cash (BCH) $431.74 (+6.19%)
  • Litecoin (LTC) $110.95 (+8.20%)
  • Bitcoin (BTC) $8,643.86 (+7.27%)
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