Crypto Price Today: Bitcoin holds $26,000, Ethereum tops $1,650, Altcoins trade mostly higher
Bitcoin remained range-bound as the largest crypto token inched up slightly to firmed at $26,000-levels, while Ethereum moved on the similar line and paved its position above $1,650.
- Aug 29, 2023,
- Updated Aug 29, 2023 10:02 AM IST
Bitcoin and other crypto tokens recovered from the previous day's cuts and inches slightly higher. However, the gains were capped as the market sentiments turned further bearish. Bitcoin rebounded from under-$26,000 levels but the lack of new catalysts put a brake on the rally in the markets. Galxe (GAL) is one of the foremost Web3 credential data networks globally, built upon an inclusive and cooperative framework. This framework empowers Web3 developers and projects to derive benefits from credential data, facilitating the creation of enhanced products and communities. Image: Chart-GAL The GAL/USDT price gained over 8% yesterday with the RSI almost touching the 60 level after nearly four and half months. The daily trend has been traversing within a descending channel pattern but has recently bounced back and is approaching the upper trendline with a surge in trading volume. The next resistance is expected at 1.375 USDT and an immediate support is expected at 1.15 USDT.(Views and recommendations given in this section are the analysts' own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)
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Bitcoin and other crypto tokens recovered from the previous day's cuts and inches slightly higher. However, the gains were capped as the market sentiments turned further bearish. Bitcoin rebounded from under-$26,000 levels but the lack of new catalysts put a brake on the rally in the markets. Galxe (GAL) is one of the foremost Web3 credential data networks globally, built upon an inclusive and cooperative framework. This framework empowers Web3 developers and projects to derive benefits from credential data, facilitating the creation of enhanced products and communities. Image: Chart-GAL The GAL/USDT price gained over 8% yesterday with the RSI almost touching the 60 level after nearly four and half months. The daily trend has been traversing within a descending channel pattern but has recently bounced back and is approaching the upper trendline with a surge in trading volume. The next resistance is expected at 1.375 USDT and an immediate support is expected at 1.15 USDT.(Views and recommendations given in this section are the analysts' own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)
Also read: APL Apollo Tubes shares in focus on report promoters may sell 0.85% stake via blocks deals today
Also read: Paytm, ITC, Zomato, Axis Bank shares: As foreign inflows fall, here's how FPI favs fared in August