THELOGICALINDIAN - Since our aftermost markets amend bristles canicule ago cryptocurrency traders saw a lower ambit of volumes afterwards cryptocurrency prices alone in amount Now this Saturday during the weekend trading sessions best of the top agenda asset prices accept apparent some slight assets amid 15 over the aftermost 24 hours But one agenda bill bitcoin banknote has acicular decidedly in amount accepting able-bodied over 12 over the aftermost 24 hours and 9 for the aftermost seven canicule
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Top 10 Coins See Slight Gains While Bitcoin Cash Leads the Pack
Over the aftermost year, as 2018 draws afterpiece to an end, abounding traders accept complained about bearish markets and low barter volumes. With beneath than two months larboard in the year, a acceptable allocation of enthusiasts are acquisitive for a big trend reversal. During this weekend’s cryptocurrency trading sessions, best of the activity amid the top ten markets is adequately lackluster, except for BCH which has apparent some appropriate assets this week.
Meanwhile, bitcoin amount (BTC) prices are aerial about $6,350 per bread and are bottomward 2% this week. The additional better bazaar appraisal captivated by ethereum (ETH) is bottomward 1.9% and anniversary ETH is actuality swapped for $199. Ethereum is followed by ripple (XRP) which is trading for $0.45 at the time of publication. Ripple markets accept apparent a slight accident of 0.17% over the aftermost seven days. Lastly, eos (EOS) markets accept apparent assets this Saturday as markets are up 0.44% over the aftermost 24 hours with one eos trading for $5.35 per coin.
Bitcoin Cash (BCH) Market Action
Bitcoin cash prices accept done acutely able-bodied this anniversary as the amount currently hovers amid $472-482 per BCH. Aggregate has angled back our aftermost markets address and 24-hour BCH barter aggregate this Saturday is amid $550-630 million. The BCH bazaar assets has swelled to about $8.2 billion and bitcoin banknote is the fifth best traded cryptocurrency today.
The top bristles BCH exchanges this weekend accommodate Lbank, Binance, Okex, Digifinex, and Bitfinex. The bristles best traded bill pairs swapped with BCH accommodate BTC (37.2%), USDT (31%), USD (8.7%), ETH (7.1%), and KRW (5.4%). Over the aftermost 24 hours, the best accepted barter on the peer-to-peer trading belvedere Shapeshift.io is bitcoin amount (BTC) for bitcoin banknote (BCH).
BCH/USD Technical Indicators
Looking at the 4-hour archive on Bitstamp and Bitfinex shows a lot added activity accident in bitcoin cash-land. The 4-hour blueprint shows BCH beasts accept managed to move upwards absolutely a bit but the about backbone indicator (RSI) indicates overbought altitude (-75.9) which could beggarly prices may dip a blow in the abbreviate term. The two simple affective averages (SMA) appearance a ample gap this weekend with the abiding 200 SMA able-bodied aloft the concise 100 SMA.
This is addition assurance that prices could about-face hardly if beasts cannot administer to accumulate blame forward. SMA trendlines and adjustment books announce the aisle against the atomic attrition is in the bears’ favor. Adjustment books appearance on the upside beasts charge to aggregation up backbone and columnist accomplished the accepted angle point and the abounding ample advertise walls arch to $550. On the aback side, there is a baby foundation that could authority aloft the $440 mark but buy orders are far lighter than the upside path.
The Verdict: Fork Ahead and Korean Demand
Overall markets, in general, are seeing baby assets during this weekend’s trading sessions and barter aggregate for all 2000 agenda currencies is aloof aloft $11 billion. The absolute bazaar assets of the crypto-economy is almost $209 billion, with bitcoin banknote arch the top ten better bread valuations. The acceleration in BCH ethics coincidently comes aloof two weeks afore the arrangement adamantine angle appointed for Nov. 15. Some accept attributed the amount fasten to the angle because this time about the accord change is contentious and may advance to a arrangement split. Others accept ascribed the BCH amount jump to South Korea as markets in that arena accept apparent cogent advance and KRW/BCH pairs announce a lot of demand.
Where do you see the amount of bitcoin banknote and added bill headed from here? Let us apperceive in the comments area below.
Disclaimer: Price accessories and markets updates are advised for advisory purposes alone and should not to be advised as trading advice. Neither Bitcoin.com nor the columnist is amenable for any losses or gains, as the ultimate accommodation to conduct a barter is fabricated by the reader. Always bethink that alone those in ascendancy of the clandestine keys are in ascendancy of the “money.”
Images via Shutterstock, Trading View, and Satoshi Pulse.
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