Bitcoin, Ethereum & Litecoin - American Wrap: 8/24/2020

Bitcoin Price Prediction: BTC Bulls Claw Background, $12,000 Within A Striking Distance

Bitcoin (BTC) bottomed at $11,370 on August 22 and resumed the recovery towards $12,000. At the time of writing, the first digital asset is changing hands at $11,800, having gained nearly 2% on a day-to-day basis. While the critical resistance remains unbroken, the upside momentum may gain traction later during the day as the coin is moving within the strong bullish trend amid low volatility. 

Ethereum Market Update: ETH Transaction Fees Retreat From The All-Time High

Ethereum (ETH) jumped above psychological $400.00 to trade at $407.00 by press time. The second-largest digital asset with the current market capitalization of $45.5 billion has gained over 4% since the start of the day amid strong bullish momentum caused mainly by a combination of technical factors.

Litecoin Price Analysis: LTC/USD Resumes The Recovery, Bulls Target At $70.00

Litecoin (LTC) has gained over 5% in the recent 24 hours to trade at $62.47 by press time. The 7th largest digital asset with the current market capitalization of $4.00 billion has been one of the best-performing coins out of top-10 on Monday as the upside momentum has been gaining traction since the weekend. The coin dipped to the psychological $60.00 during early Asian hours before the recovery resumed. 

Image sourced from Pixabay

Posted In: BitcoincryptocurrenciesFXStreetCryptocurrencyNewsMarketsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.