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Crypto Currency Brief: Bitcoin continues uptrend, South Korean cities aim to become crypto capitals, Thai SEC allows 7 exchanges to conduct legal crypto operations – Thursday, August 16th, 2018

BTC/USD: Bitcoin continued on its uptrend during late European session Thursday, as the aftermath of the Bitcoin-ETF rejection seems to fade away, thus leading to a comeback in the digital currency’s price movements. In other news, South Korea’s largest cities seem to be inspired by the success of cryptocurrencies around the globe and hence, aim to become the crypto capitals of the world. At the time of writing, BTC/USD jumped nearly 3 percent to $6,447.70. Meanwhile, the near-term support is seen at $5,750.00 and resistance at $6,650.00.

ETH/USD: Following Bitcoin’s trend, Ethereum prices also rallied, hovering around the day’s high as the pessimistic sentiment since last week seems to wipe away. Meanwhile, a California-based investor, named Michael Terpin has sued AT&T company after surviving a loss of $24 million in cryptocurrency. A recent press release reads, "AT&T’s willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy" are responsible for the loss, according to a report from SludgeFeed. At the time of writing, ETH/USD climbed 4.53 percent to $294.13, hitting day’s low of 278.00. Meanwhile, the near-term support is seen at $275.00 and resistance at $305.00.

XRP/USD: Ripple also followed its wider peers, after a period of deep bearishness. Further, according to a report from CoinTelegraph, Thailand’s SEC has confirmed Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Group Co. Ltd. (TDAX), Coin Asset Co. Ltd., Coins TH Co. Ltd. and Digital Coin Co. Ltd. (ThaiWM) to conduct cryptocurrency operations legally. At the time of writing, XRP/USD surged 3.81 percent to $0.29117. Meanwhile, the near-term support is seen at $0.2450 and resistance at $0.3025.

BCH/USD: Bitcoin Cash, remained no different, rising, in line with its counterparts, after Vitalik Buterin, the founder of Ethereum, said that he views Bitcoin Cash as the first adoptable cryptocurrency, CryptoDaily reported. At the time of writing, BCH/USD traded 4.54 percent up at $534.23. Meanwhile, the near-term support is seen at $470.00 and resistance at $541.00.

EOS/USD: The EOS, also displayed green patterns, trading near to the day’s high, although not much of a rebound can be seen; the digital currency can mainly be seen trading sideways with a greener patch. At the time of writing, EOS/USD traded 2.78 percent higher at $4.7544. Meanwhile, the near-term support is seen at $4.5000 and resistance at $4.9700.

LTC/USD: The Litecoin also rose, similar to its peers, holding above the $55 mark, in a very steady and gradual rise during Thursday’s afternoon session. At the time of writing, LTC/USD traded 4.52 percent higher at $56.85. Meanwhile, the near-term support is seen at $49.00 and resistance at $60.00.

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