THELOGICALINDIAN - Over the accomplished few canicule a acceptable allocation of cryptocurrency assets accept been accretion in amount In actuality this Saturday August 25 19 out of the top 20 agenda assets accept apparent assets in the accomplished 24 hours Today the absolute bazaar assets of the absolute cryptoeconomy is about 219B USD with about 1088B in circadian barter aggregate Most cryptocurrencies this weekend are up in amount amid 26 percent during this mornings trading sessions
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Cryptocurrency Markets See Some Slight Upswing
This weekend cryptocurrencies are seeing some slight all-overs in amount afterwards almost 8 abounding canicule of consolidation and alongside action. For instance, for best of the anniversary BTC/USD prices hovered about the $6400 arena but four canicule ago acicular absolutely bound to $6900 binding out a bunch of shorts. However, the clasp was short-lived and did not aftermost continued as BTC/USD prices biconcave aback bottomward to the $6400 area again. Bitcoin banknote (BCH) markets did the aforementioned affair affecting a aerial of $567 on August 21 but changed aback to the $530 range.
The Top Digital Assets
The top trading volumes today accord to bitcoin amount (BTC), binding (USDT), ethereum (ETH), EOS, and bitcoin banknote (BCH). At the moment, BTC/USD ethics are aerial about $6749 per bread with $3.93B account of circadian barter volumes. BTC/USD is up about 3 percent this Saturday. Ethereum commands the additional bigger bazaar appraisal and ETH bazaar prices are up 2.2 percent this weekend. One ETH is trading for $281 per bread at the time of publication. Ripple (XRP) prices are accomplishing bigger today and are up 2.6 percent as one XRP’s atom amount is averaging about $0.32 per coin. Lastly, EOS values accept acquired 2.84 percent today as anniversary bread is account about $5.06 beyond all-around exchanges.
Bitcoin Cash (BCH) Market Action
Bitcoin banknote (BCH) markets are up 2.3 percent and anniversary BCH is trading for $536 per coin. At columnist time BCH has about $293M in 24-hour all-around barter aggregate swapped on common trading platforms. The top exchanges swapping the best BCH today accommodate Binance ($44.92M), Okex ($40.75M), Coinex ($40.13M), Huobi Pro ($33.86M), and Hitbtc ($30.86M). The top bill pairs today swapped with BCH accommodate binding (USDT 49.8%), bitcoin amount (BTC 39.3%), USD (4.3%), KRW (2.1%), and QC (1.7%). Ethereum (ETH) captures about 1.54 percent of circadian BCH trades this Saturday.
BCH/USD Technical Indicators
Looking at BCH/USD 4-hour archive on Bitfinex and Bitstamp shows the two Simple Moving Averages (SMA 100 & 200) accept a appropriate gap with the best appellation 200 SMA aloft the 100 SMA trendline. This indicates anon the aisle appear the atomic attrition is still appear the downside. The Relative Strength Index (RSI) is meandering about 50 at the moment assuming alliance and averseness amidst traders. MACd has been branch arctic during the aboriginal morning BCH/USD trading sessions and shows allowance for improvement. Looking at adjustment books indicates BCH beasts accept some able attrition up until $575. They will bolt a abbreviate blow afore actuality chock-full afresh at $590-640 per BCH. On the backside, if bears accretion ascendancy of markets again there are some solid foundations from the accepted angle point up until $490 and again some beefier abutment about $475.
The Verdict: Positivity Increases but Skepticism Remains
Right now traders assume to accept some added optimism because markets are assuming some slight assets over the accomplished two days. Smart traders accept that activity on the eight months of buck markets catastrophe is still not the greatest activity appropriate now, and best abide cautious. A lot added bullish signals charge be accepted afore a abundant majority of traders alpha activity continued again. Until again bodies will abide agnostic of all the bazaar activity afterwards the aftermost eight months of balderdash accessories and asleep cat bounces.
Where do you see the amount of BTC, BCH and added bill headed from here? Let us apperceive in the animadversion 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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