Bitcoin rally slips as momentum ebbs

September 28, 2018
Chris Wheal

Bitcoin’s earlier rally faltered as Friday wore on. At 3pm London time the digital currency was valued at $6,652 – still up almost 2% on the day. Ethereum looked somewhat more resilient at $226 and still up 3% overall. 

Bitcoin is still struggling to re-take previous resistance levels

Friday fragility

After bitcoin cash’s recent surge its 3.5% fall – valuing it at $549 – wasn’t a surprise, though in mid-afternoon trade the price was back in recovery mode in the $540-$550 range.  

There was better news for eos, up 3.14% at $5.81.

The two biggest gainers in the last 24 hours are external, up more than 45% and gas, up 34.3% while steem has lost close to 6%. 

XRP remains the stand-out performer of the last fortnight following the surprise news of the xRapid release, though for most other currencies it has been, pending news of a Bitcoin ETF, a subdued trading period.   

Top Ten, 3pm London time

  • Bitcoin BTC +0.92% $6,664
  • Ethereum ETH +2.75 $225
  • Ripple XRP +0.70% $0.529
  • Bitcoin Cash BCH -4.21% $545
  • Eos EOS +2.89% $5.80
  • Stellar XLM +0.17% $0.252
  • Litecoin LTC -1.02% $61.70
  • Tether USDT +0.21% $1.00
  • Cardano ADA +0.54% $0.084
  • Monero XMR -0.30% $117

 

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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