Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Cryptocurrency Brief: Bitcoin tests $6,500 mark, Chinese regulators arrest 3 in $87 mln digital theft, Ethereum’s Lubin views bearishness as no hurdle to growth – Monday, August 20th, 2018

BTC/USD: Bitcoin prices, once again disappointed market participants is testing the $6,500 mark during European session Monday after Chinese regulators have arrested three individuals found accused and guilty for $87 million worth of digital assets’ theft. At the time of writing, BTC/USD fell nearly 1 percent to $6,424.90. 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 suffered, below the $300 psychological mark, proportionately higher than its wider peer. In the meantime, a California-based bitcoin dealer has been prosecuted for carrying out innumerable acts of illegal money transmission and money laundering, according to a report from CoinDesk. Also, Ethereum co-founder Joseph Lubin said that he does not foresee the recent bearishness in crypto prices as a hurdle to growth in the digital industry. At the time of writing, ETH/USD slumped 2.75 percent to $291.13, hitting day’s low of 286.04. Meanwhile, the near-term support is seen at $275.00 and resistance at $320.00.

XRP/USD: Ripple also followed its wider counterparts, after a short-lived recovery late last week. In other news, a South Korean based business man has lost $2.3 million in a scam involved in converting bitcoin to fiat currencies. Further, recent reports have also confirmed that Hong Kong-based cryptocurrency exchange, Okex announced the delisting of various altcoin pairs from its trading platform. At the time of writing, XRP/USD suffered 1.68 percent to $0.33521. Meanwhile, the near-term support is seen at $0.3100 and resistance at $0.3700.

BCH/USD: Bitcoin Cash, remained no different, falling, in line with its counterparts, after a negligible day of recovery last week. At the time of writing, BCH/USD traded 3.44 percent down at $551.30. Meanwhile, the near-term support is seen at $530.00 and resistance at $572.00.

EOS/USD: The EOS, also displayed red patterns, trading near to the day’s low of 4.99, albeit breaching the previous resistance. At the time of writing, EOS/USD slumped 3.48 percent to $5.1080. Meanwhile, the near-term support is seen at $4.8000 and resistance at $5.3500.

LTC/USD: The Litecoin also plunged, similar to its peers, tightly holding above the $55 mark, in a very range-bound trading during Monday’s afternoon session. At the time of writing, LTC/USD traded 3.47 percent lower at $55.89. Meanwhile, the near-term support is seen at $49.00 and resistance at $62.00.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

November 16 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

16.7 Bln USD

Forecast

Previous

111.5 Bln USD

November 16 21:00 UTC Released

USOverall Net Capital Flows

Actual

-29.1 Bln USD

Forecast

Previous

108.2 Bln USD

January 31 00:00 UTC 418876418876m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 418876418876m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 430696430696m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 418876418876m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 430696430696m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 418876418876m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 418876418876m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 418876418876m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.