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Cryptocurrency Brief: Bitcoin prices recover but struggle to hold $6,500 mark, Bitcoin ABC unveils details of BCH hard fork in September – Tuesday, August 21st, 2018

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Shampa Mani reporter

Tue, 21 Aug 2018, 12:01 pm UTC

BTC/USD: Bitcoin prices, gained during European session Tuesday, albeit struggling to hold the $6,500 mark, after a slew of disappointments off late. On Monday, Chinese regulators had arrested three individuals found accused and guilty for $87 million worth of digital assets’ theft. At the time of writing, BTC/USD jumped 3.27 percent to $6,460.10. Meanwhile, the near-term support is seen at $6,200.00 and resistance at $6,600.00.

ETH/USD: Following Bitcoin’s trend, Ethereum prices also surged, albeit below the $300 psychological mark, proportionately higher than its wider peer. This is also in line with Ethereum co-founder Joseph Lubin’s comments that the recent bearishness in crypto prices will not pose a hurdle to growth in the digital industry. At the time of writing, ETH/USD climbed 4.40 percent to $282.61, hitting day’s low of 269.78. Meanwhile, the near-term support is seen at $250.00 and resistance at $295.00.

XRP/USD: Ripple also followed its wider counterparts, after yesterday’s losses. A South Korean based business man has lost $2.3 million in a scam involved in converting bitcoin to fiat currencies, reports confirmed on Monday. At the time of writing, XRP/USD surged 6.36 percent to $0.33511. Meanwhile, the near-term support is seen at $0.3100 and resistance at $0.3700.

BCH/USD: Bitcoin Cash, remained no different, marching, in line with its counterparts, after Bitcoin ABC, BCH’s development team have unveiled the complete details of a Bitcoin Cash hard fork, scheduled to be held on November 15 this year. This is just to ensure that participants are well aware in advance and none is affected. At the time of writing, BCH/USD traded 4.26 percent up at $535.00. Meanwhile, the near-term support is seen at $505.00 and resistance at $575.00.

EOS/USD: The EOS, also displayed green patterns, trading near to the day’s high of 4.9021. In other news, the United States government has awarded researcher and software architect Subhashini Sivagnanam with $818,433 to help in the development of Open Science Chain (OSC) project, a distributed ledger technology (DLT) based system for efficient management of data from scientific experiments, according to the latest report from CryptoGlobe. At the time of writing, EOS/USD rose 3.10 percent to $4.8487. Meanwhile, the near-term support is seen at $4.6500 and resistance at $5.3500.

LTC/USD: The Litecoin also advanced, similar to its peers, tightly holding above the $55 mark, during Tuesday’s afternoon session. At the time of writing, LTC/USD traded 4.19 percent higher at $55.70. Meanwhile, the near-term support is seen at $49.00 and resistance at $62.00.

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