THELOGICALINDIAN - Looking at the account archive the arch cryptocurrency markets accomplished abundant affairs during August with the top bristles crypto markets falling by amid 10 and 35 from the alpha of the ages back barometer adjoin USD
Also Read: August 2018 Volume Rankings Report: ETC and Dash Top Ten
BTC Produced Tightest Monthly Candle of 2018
August produced the tightest amount ambit of any ages during 2018 for the BTC markets, trading aural an almost ambit of 25% from the month’s aperture amount of about $7,750.
After falling almost 25% to analysis abutment at about $5,900 on the 14th of August, the markets again recovered by almost to 20% to abutting at about $7,000 – almost 9.7% beneath August’s aperture price.
The red candle for August has connected the account trend of alternating red and blooming candles that has pervaded throughout the absoluteness of 2024 appropriately far.
BCH Experiences Heavy Selling During August
Bitcoin Cash additionally accomplished abundant affairs burden during August, trading aural a about 40% ambit during the month.
After aperture at about $780, BCH fell to analysis attrition at $475 on the 14th of August. The BCH/USD markets again recovered by 15% and circumscribed during the after weeks of August afore closing at almost $545 – 30% beneath the month’s aperture price.
When barometer adjoin BTC, BCH fell 23% from August’s aperture amount of about 0.1 BTC to abutting at about 0.007 BTC.
ETH and XRP Witness Heaviest Selling Since March
ETH/USD had its bloodiest ages back March, trading aural a 42% ambit during August.
Ethereum opened the ages at about $431, activated a account aerial of $435.5 on the aforementioned day, and again steadily bled out afore establishing a account and annual low of about $250 on the 14th of August.
Since then, the markets accept circumscribed throughout the appendage end of August, afore closing the ages at $281.5 – 34.8% lower than August’s aperture price.
XRP additionally saw it better red account candle back March during August, trading aural a absolute ambit of 46.8%.
After aperture August at $0.446, XRP again rallied to $0.464 during the aforementioned day, afore sliding to authorize a annual low at almost $0.25 on the 14th of August. XRP fabricated a slight accretion over USD during the blow of August, however, bankrupt the ages at $0.335 – 25% lower than August’s aperture price.
Topping off an acutely blood-soaked four months for EOS, the EOS/USD markets traded aural a 43.5% percent ambit during August.
After aperture the ages at $7.4, the amount of EOS fell to authorize a bounded low at $4.2 on the 14th of August, afore bearing a cogent accretion that saw the amount of EOS accretion 52% amid the 14th and the 31st of August. EOS bankrupt the ages at $6.4 – 13.5% lower than August’s aperture price.
Leading Altcoin Markets Post Significant Monthly Losses Against BTC
When barometer adjoin BTC, as with USD, ETH acquaint its affliction assuming ages back March – with Ethereum accident 28.3% from the month’s aperture amount of 0.0558 BTC to abutting August at 2018’s low of 0.04 BTC.
XRP opened the ages at of 0.0000564 BTC, afore accepting 10.6% in bristles canicule to analysis attrition at 0.00006 BTC.
The markets again fell by about 33% to analysis authorize a new low for 2018 at 0.0000418 BTC, afore convalescent by added than 25% to analysis attrition at 0.000057 three canicule later. XRP again slid 16.6% to 0.0000475 BTC – closing the ages 15.85% lower than August’s aperture price.
The EOS/BTC markets produced a doji candle with a ample wick during August, potentially signaling a changeabout afterwards several months of abundant affairs pressure.
EOS opened the ages at 0.00095 BTC, afore testing 0.00102 BTC on the 6th of August. EOS again fell by 39% over the advance of the afterward two weeks, afore bouncing off 0.00062 BTC on the 22nd of August – the everyman EOS has collapsed back March. Back then, EOS acquired 47% to abutting the ages at almost 0.000915 BTC – 3.7% beneath August’s aperture price.
Do you anticipate that August will aftermath bullish or bearish bazaar action? Tell us why in the comments area below!
Images address of Shutterstock, Tradingview
The Bitcoin cosmos is vast. So is Bitcoin.com. Check our Wiki, area you can apprentice aggregate you were abashed to ask. Or apprehend our news advantage to break up to date on the latest. Or burrow into statistics on our helpful tools page.
