Bitcoin Hovers Above $10,000 Level as It Finds Support
Investing.com
Published Aug 26, 2019 12:23AM ET
Investing.com - Bitcoin appeared to have found some support as it hovered above the key $10,000 level on Monday in Asia.
Get The News You Want
Get The News You Want
Bitcoin gained 2% to $10,340.3 by 12:15 AM ET (04:15 GMT).
Get The News You Want
Get The News You Want
Bloomberg said the gains might be due to technical reasons, as Bitcoin tested the $10,000 price level four times over the last week and bounced back each time. The next resistance is $12,316, a level it reached beginning of this month, Bloomberg said.
Get The News You Want
Get The News You Want
Litecoin was up 1.4% to $74.116. The coin plunged 14.19% on Sunday, its largest one-day percentage loss since February 24.
Get The News You Want
Meanwhile, Ethereum and the XRP both inched up 0.5%.
Get The News You Want
Get The News You Want
While not a directional driver, the Thai Securities and Exchange Commission today warned the public about multiple scam entities are posing as legal digital currency trading firms. The SEC stated that the amount of losses caused by the scam is not known to date.
Get The News You Want
Cointelegraph reported that so far, the Thai Ministry of Finance has only issued four digital asset business licenses in January 2019, approving crypto-related services by exchanges Bitcoin Exchange Co., Ltd., Bitkub Online Co., Ltd. and Satang Corporation, as well as cryptocurrency brokerage firm Coins TH Co., Ltd.
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.