crypto market

Crypto Market News for August 31

Let’s check-out  the latest crypto market news. Bitcoin boosted 2.07% on Sunday. Reversing a 0.46% decrease Saturday, Bitcoin ended the week up by 0.57% to $11,730.0. It was a bullish day. BTC recover from an early morning intraday low $11,480.0 to a late afternoon high $11,721.0.

The crypto reached the first major resistance level at $11,582 and the second major resistance level at $11,672.

Late in the day, Bitcoin dipped to $11,620 levels before breaking back through the second major resistance level at $11,672.

The late recovery saw BTC strike an intraday high $11,730 in the final hour.

The near-term bullish trend remained the same, supported by the latest move through to $12,000 levels. BTC would need to slide through the 62% Fibonacci of $6,400 to form a near-term bearish trend for the investors.

Ethereum and Litecoin boosted

Ethereum rose by 7.62%, while Litecon and Tron’s TRX gained 10.45% and 8.65%, respectively.

Binance Coin added 2.87%, Bitcoin Cash ABC jumped 3.25%, Bitcoin Cash SV boosted 3.32%, EOS climbed 4.20%, while Monero’s XMR and Ripple’s XRP increased by 3.86% and 3.28%, respectively.

Bitcoin Cash ABC dipped 1.78%, Cardano’s ADA lost 3.48%, EOS slipped 1.92% while Ripple’s XRP, Stellar’s Lumen, and Tezos decreased by 0.62%, 4.55%, and 3.75%, respectively.

Cardano’s ADA gained 0.96% while Stellar’s Lumen climbed 2.01%, and Tezos added 1.13%.

In the morning, on August 31, Tezos rose by 0.73% to lead the way.

The cryptocurrency market slipped to a Thursday low $329.40 billion in the week before gaining a Sunday high $359.74 billion. Now, the total market capitalization stands at$357.31 billion.

Bitcoin’s dominance advanced to a Thursday high 62.28% before dipping to a Sunday low 60.17%. Now BTC’s dominance stands at 60.54%.

According to the Analysts, Bitcoin would need to avoid a fall through the $11,647.

On August 31, Bitcoin increased by 0.04% to $11,735.0. A Bitcoin slipped to an early morning low $11,713.0 before reaching a high $11,744.0.

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