wehodldaily.com
  • Home
  • Apparel
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Blockchain
    • Business
  • Exchanges
    • Scams
  • Regulation
  • Unibright- The business entry into crypto.
No Result
View All Result
  • Home
  • Apparel
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Blockchain
    • Business
  • Exchanges
    • Scams
  • Regulation
  • Unibright- The business entry into crypto.
No Result
View All Result
WeHodlDaily.com
No Result
View All Result

Bitcoin Struggling Near USD 11,500, Chainlink, Ethereum Climb

August 13, 2020
in Crypto News
3 min read
Bitcoin Struggling Near USD 11,500, Chainlink, Ethereum Climb
0
SHARES
0
VIEWS
ShareShareShareShareShare

Bitcoin price remained well bid above the USD 11,100 and USD 11,200 levels. Recently, BTC recovered above USD 11,350, but it is struggling to gain strength above USD 11,500. The price is currently (08:30 UTC) consolidating near USD 11,500 and it might correct lower again.
Similarly, many major altcoins are stuck below key hurdles, including ethereum, XRP, litecoin, bitcoin cash, EOS, TRX, XLM, and ADA. LINK continued its rally after surpassing bitcoin cash by market capitalization yesterday. ETH/USD spiked above the USD 385 resistance, but it failed to continue higher above USD 398 and USD 400. XRP/USD made another attempt to start a fresh increase, but it failed to settle above USD 0.285.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

In the past few hours, bitcoin price traded with a positive angle above the USD 11,350 and USD 11,400 levels. BTC even climbed above USD 11,500, but it struggled to continue above USD 11,600. It is currently consolidating near USD 11,500. To continue higher, the price needs to gain momentum above the USD 11,550 and USD 11,600 levels.
Conversely, the price might restart its downward move below the USD 11,400 level. The first major support is near the USD 11,200 level, below which the price might test the USD 11,000 level.

Ethereum price

Ethereum price gained over 6% and it traded above the USD 380 and USD 385 resistance levels. ETH even spiked above the USD 395 level, but it failed to clear the key USD 398 and USD 400 resistance levels. It is currently consolidating gains near USD 390 and it might test the USD 380 support.
On the upside, the price must surpass the USD 400 hurdle to continue higher. If the bulls succeed, the price could rise towards the USD 420 level in the near term.

Bitcoin cash, ADA and XRP price

Bitcoin cash price is down over 2% and it is now trading below the USD 280 support. It seems like BCH might continue to move down towards the USD 272 level. The main support is near the USD 265 level. Conversely, a proper close above the USD 285 level might lead the price towards the USD 300 resistance.
ADA started an upside correction from the USD 0.125 support and it recovered above USD 0.135. However, the previous support near USD 0.140 acted as a strong resistance (as discussed yesterday). The price is currently moving lower and declining towards the USD 0.135 and USD 0.132 support levels.
XRP price is facing a strong resistance near the USD 0.285 level. It is now trading below USD 0.280 and it might revisit the USD 0.272 support. Any further losses could accelerate the price towards the USD 0.265 level in the near term. To start a strong rally, the bulls need to gain strength above the USD 0.285 resistance.

Other altcoins market today

In the past three sessions, a few small altcoins surged more than 30%, including NMR, XDCE, ANT, SXP, WAVES, BTS, ALGO, IRIS, LINK and RLC. Overall, NMR climbed 150% and broke the USD 50.00 resistance.

Overall, bitcoin recovered recently, but it is struggling to gain pace above the key USD 11,500 and USD 11,600 resistance levels. As a result, there is a risk of a fresh decline towards USD 11,200.
_____

Find the best price to buy/sell cryptocurrency:

Bitcoin Struggling Near USD 11,500, Chainlink, Ethereum Climb 102

Credit: Source link

ShareTweetSendSharePin
Previous Post

Latest News 2020: Blockchain in Energy Market by Coronavirus-COVID19 Impact Analysis With Top Manufacturers Analysis | Top Players: Drift, Grid+, Electron, ImpactPPA, MyBit, etc.

Next Post

New Bill in Germany Proposes to Digitize Securities With Blockchain

Related Posts

XRP remains dormant while whales accumulate
Crypto News

Ripple is South Korea’s most popular cryptocurrency, but XRP price stays pressured

XRP/USD bounces off intraday low of 0.2647, stays below 21-day SMA for fifth day. Messari report suggests BTC, XRP...

by wehodldaily
January 26, 2021
Bitcoin Drops, Drags Ethereum and Altcoins Lower
Crypto News

Bitcoin Drops, Drags Ethereum and Altcoins Lower

Bitcoin price gained momentum above the USD 33,500 resistance, but it failed to stay above USD 34,500. BTC started...

by
January 26, 2021
Reddit investing group triggers crypto-style 860% rally in GameStop stock
Crypto News

Reddit investing group triggers crypto-style 860% rally in GameStop stock

Since Jan. 22 GameStop has been attracting a lot of attention from the mainstream news as the stock (GME)...

by wehodldaily
January 26, 2021
Tech stocks climb in volatile trading as investors await mega-cap earnings
Crypto News

Tech stocks climb in volatile trading as investors await mega-cap earnings

Getty Images / Bryan R. Smith US stocks ended Monday mixed in a volatile trading...

by wehodldaily
January 26, 2021
Next Post
New Bill in Germany Proposes to Digitize Securities With Blockchain

New Bill in Germany Proposes to Digitize Securities With Blockchain

POPULAR POSTS

  • A Big Bitcoin Move Ahead as Volatility Hits 3-Month Low: Fund Manager

    A Big Bitcoin Move Ahead as Volatility Hits 3-Month Low: Fund Manager

    0 shares
    Share 0 Tweet 0
  • Memory Loss | NewsBTC

    0 shares
    Share 0 Tweet 0
  • First Mover: As Bitcoin Rally Pauses, DeFi Keeps Astounding

    0 shares
    Share 0 Tweet 0
  • Hedge funds ride 2020’s crypto boom to rally 156%

    0 shares
    Share 0 Tweet 0
  • Kraken Discovers Supply Chain Attacks Against Ledger Wallets

    0 shares
    Share 0 Tweet 0
WeHodlDaily.com

This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

What’s New Here

Chainlink (LINK) Correcting Gains, Why Dips Remain Attractive

Chainlink (LINK) Correcting Gains, Why Dips Remain Attractive

January 26, 2021
XRP remains dormant while whales accumulate

Ripple is South Korea’s most popular cryptocurrency, but XRP price stays pressured

January 26, 2021

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • WP Shopify Products
  • WP Shopify Collections

© 2020 wehodldaily.com - All rights reserved!

No Result
View All Result
  • Home
  • Apparel
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Blockchain
    • Business
  • Exchanges
    • Scams
  • Regulation
  • Unibright- The business entry into crypto.

© 2020 wehodldaily.com - All rights reserved!

  • bitcoinBitcoin(BTC)$31,911.00-4.37%
  • ethereumEthereum(ETH)$1,324.57-6.27%
  • tetherTether(USDT)$1.00-0.10%
  • PolkadotPolkadot(DOT)$17.20-5.78%
  • rippleXRP(XRP)$0.268139-3.07%
  • cardanoCardano(ADA)$0.341558-3.31%
  • chainlinkChainlink(LINK)$22.99-6.80%
  • litecoinLitecoin(LTC)$135.33-5.55%
  • bitcoin-cashBitcoin Cash(BCH)$429.88-5.16%
  • Binance CoinBinance Coin(BNB)$40.71-3.27%
  • stellarStellar(XLM)$0.258944-5.13%
  • USD CoinUSD Coin(USDC)$1.000.23%
  • Wrapped BitcoinWrapped Bitcoin(WBTC)$31,840.00-4.80%
  • UniswapUniswap(UNI)$12.776.11%
  • Bitcoin SVBitcoin SV(BSV)$174.42-1.13%
  • AaveAave(AAVE)$260.18-0.76%
  • eosEOS(EOS)$2.63-3.70%
  • moneroMonero(XMR)$138.09-0.67%
  • havvenSynthetix Network Token(SNX)$15.81-9.44%
  • theta-tokenTheta Network(THETA)$2.2413.64%
  • tezosTezos(XTZ)$2.89-7.72%
  • tronTRON(TRX)$0.029453-7.47%
  • nemNEM(XEM)$0.2269313.18%
  • Celsius NetworkCelsius Network(CEL)$5.05-2.76%
  • vechainVeChain(VET)$0.029084-6.39%
  • CosmosCosmos(ATOM)$7.80-5.92%
  • neoNEO(NEO)$23.29-6.40%
  • daiDai(DAI)$1.000.02%
  • Crypto.com CoinCrypto.com Coin(CRO)$0.069017-6.54%
  • OKBOKB(OKB)$5.66-4.42%
  • cETHcETH(CETH)$26.56-6.13%
  • cDAIcDAI(CDAI)$0.0210660.37%
  • LEO TokenLEO Token(LEO)$1.32-4.42%
  • makerMaker(MKR)$1,369.18-5.49%
  • Binance USDBinance USD(BUSD)$1.000.05%
  • iotaIOTA(MIOTA)$0.425211-7.06%
  • huobi-tokenHuobi Token(HT)$5.53-5.10%
  • dogecoinDogecoin(DOGE)$0.008268-5.14%
  • cUSDCcUSDC(CUSDC)$0.021582-0.50%
  • dashDash(DASH)$103.48-4.28%
  • filecoinFilecoin(FIL)$22.37-1.69%
  • SolanaSolana(SOL)$3.8811.99%
  • First BloodFirst Blood(1ST)$0.2296540.00%
  • SushiSushi(SUSHI)$7.73-7.51%
  • zcashZcash(ZEC)$86.77-5.80%
  • CompoundCompound(COMP)$221.58-8.91%
  • AvalancheAvalanche(AVAX)$11.92-6.52%
  • yearn.financeyearn.finance(YFI)$29,427.00-6.95%
  • KusamaKusama(KSM)$97.92-5.06%
  • FTX TokenFTX Token(FTT)$9.80-6.64%
brave-ledger-verification=8ade254ba91b525f921304725ce014f97ebe65a2f7833b13e4a6477023efaab5