Daily Berminal Brief (8/29/18): Bitcoin Struggles to Gain Above $7,100 While Dash Rallies 50% on… by@BerminalApp
Daily Berminal Brief (8/29/18): Bitcoin Struggles to Gain Above $7,100 While Dash Rallies 50% on…
by Berminal - The Crypto News PlatformAugust 29th, 2018
Too Long; Didn't Read
The State of the Market: As of 12:11 GMT, more than 90% of all cryptocurrencies in the top 100 were in the green. Bitcoin crossed the $7,000 mark to trade at $7,109 and has since struggled to overcome the $7,127 resistance.The overall market surge could be the result of news that the SEC will review the recent rejection of 9 Bitcoin ETFs. The market also appears to have reacted well Morgan Creek Capital unveiling of a cryptocurrency index fund aimed at institutional and accredited investors. The top currencies, Ethereum and Litecoin, have inched up by 2.31% and 2.32% respectively. However, XRP has declined by 0.34% to trade at $0.348. Currently the cryptocurrency market capitalization stands at $232 billion.Companies Mentioned
Coins Mentioned
The State of the Market: As of 12:11 GMT, more than 90% of all cryptocurrencies in the top 100 were in the green. Bitcoin crossed the $7,000 mark to trade at $7,109 and has since struggled to overcome the $7,127 resistance.The overall market surge could be the result of news that the SEC will review the recent rejection of 9 Bitcoin ETFs. The market also appears to have reacted well Morgan Creek Capital unveiling of a cryptocurrency index fund aimed at institutional and accredited investors. The top currencies, Ethereum and Litecoin, have inched up by 2.31% and 2.32% respectively. However, XRP has declined by 0.34% to trade at $0.348. Currently the cryptocurrency market capitalization stands at $232 billion.
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After Bitcoin, Dash is the second most popular cryptocurrency in Venezuela, a country that is suffering from hyperinflation. Dash has made significant gains in the last few weeks. In the last 7 days, Dash (DASH) went from $136 to $200, gaining nearly 50%. Dash recently announced a partnership with Kripto to preload Dash wallets into 10,000 new Venezuelan phones every month. Dash (DASH) is currently priced at $197.94, gaining 8.51% in the last 24 hours. (Read More.)
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After crossing $7,000 24 hours ago, Bitcoin has been stable above this point. The lowest it went to was $7,026. However, it is facing resistance at $7,100. Bitcoin went past $7,100 on 4 different instances in the last 24 hours and immediately pulled back each time. The 100-day MA is signaling a continuation of the rally. But we may see a small correction after witnessing a 21% increase in the last 2 weeks. The immediate resistance is at $7,160 and the next resistance is at $7,330. Bitcoin (BTC) is currently priced at $7,067, gaining 0.96% in the last 24 hours. (Read More.)
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A survey done by Coinbase revealed that 42% of 50 top universities globally offer courses on cryptocurrency and blockchain technology. This was due to an increse in student requests as many are becoming increasingly interested in cryptocurrency and blockchain technology. The results of the survey indicated that cryptocurrency and blockchain courses are offered in top universities and students from several majors have an interest in the topic. The growth of the industry and student interest has prompted universities to add cryptocurrency courses in several departments. Additionally, Stanford and Cornell were said to be the leading universities with the highest number of courses on cryptocurrency and blockchain technology. Stanford has ten while Cornell with nine. (Read More.)
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