Crypto Market Wrap: Bitcoin Cash Moving, Little Action Elsewhere

Market Wrap
Crypto markets have edged back a fraction, Bitcoin Cash makes a move, Maker and Waves climbing but little action elsewhere.
Crypto markets have woken up a little mid-week but gains are very slim and momentum has been limited. A tiny bounce has taken total market capitalization back over $120 billion but only just.
After a dump to $3,540 Bitcoin regained its strength and pushed back towards its support turned resistance level at $3,600. The move reflects just a 1% gain on the day and BTC has remained here for the time being as daily volume creeps back over $5 billion.
Ethereum has made 1.5% but it is still extremely weak trading below $120. The gap to XRP in second has fallen again and is now around $500 million as the Ripple token fails to register any gains today.

The top ten is all green during the Asian trading session with one altcoin leading the charge. Bitcoin Cash has made 7% on the day pushing its price back to $130. There doesn’t seem to be much driving momentum aside from seriously low prices for BCH. EOS is the second best performer in the top ten with a 4% gain, and Litecoin has made 2.5%. The rest are up a fraction keeping them in their positions for now.
Maker and Dash are leading the gains in the top twenty but they too are not very impressive with just 4.5 percent made each. The rest of the altcoins here have clawed back just 1 – 2 percent at the time of writing.
Some big fomo is going on with Loopring at the moment which has pumped 45% on the day. Ravencoin and Waves are also performing well in the top one hundred with gains of around 15% over the past 24 hours. Today’s dump is the wildly erratic Buggyra Coin wiping out most of yesterday’s gains as it loses 33%. Aurora is also having a bad day with a slide of almost 20% at the moment.
Total market capitalization has inched up just a percent over the past 24 hours taking it above $120 billion again. Gains are minimal and most cryptocurrencies are still looking extremely weak. The past seven days have been flat aside from a Saturday pump of $5 billion which predictably dumped again by Sunday evening. Since the same time last month crypto markets have lost 10% and are still firmly on the bottom.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap made a sharp U-turn and declined below the $115.00 support.
EOS price is down around 5% and it broke the $2.45 and $2.40 support levels.
Bitcoin cash price is under pressure and it recently broke the $125 support level.
Tron (TRX) price failed to stay above the $0.0250 support and it could revisit $0.0220.
Cardano (ADA) price declined more than 6% below the $0.0450 support level.

Bitcoin and the whole crypto market fell sharply in the past few hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoins are currently under a lot of selling pressure.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $130 support level and recently started a sharp decline against the US Dollar. BCH/USD declined below the $126 and $125 support levels to move into a bearish zone. The price is down around 5.5% and it may continue to move lower towards the $120 or $118 support levels.
If there is an upside correction, the previous supports near the $125 and $126 levels may now act as barriers for buyers in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is down around 5% after it failed to gain pace above the $2.65 resistance. The price declined below the $2.50 and $2.40 support levels. The next key support is at $2.30 where buyers are likely to emerge.
Tron price trimmed most of its recent gains and declined below the $0.0260 and $0.0250 support levels. TRX price is down 3.5% and it seems like it may continue to decline towards the $0.0220 support.
Cardano price fell more than 6% after it broke the $0.0460 support. ADA price is now trading near the $0.0430 level, with an immediate support at $0.0420. The next major support is at $0.0412, followed by $0.0405.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp downside reaction from well above the $122.00B level. The market cap dipped sharply below the $120.00B support and a major bullish trend line on the same chart. It opened the doors for more losses and the market cap reached the $112.00B support level. There may be a short term correction, but upsides in BTC, ETH, tron, litecoin, EOS, ripple, XLM, IOTA and other altcoins remain capped.
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Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

The total crypto market cap broke a major resistance near the $117.00B level.
EOS price broke the $2.50 resistance and it may rise towards the $2.62 level.
Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance.
Tron (TRX) price is up more than 3% and it seems like it could test $0.0262.
IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level.

The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple, and altcoins like IOTA, TRX and ADA may climb higher.
Bitcoin Cash Price Analysis
Bitcoin cash price found a decent support near the $125 level and later started a fresh upward move. BCH/USD recently broke the $130 resistance to move into a positive zone. The price may continue to climb higher and it could test the $135 and $136 resistance levels in the near term.
On the downside, an immediate support is at $130, below which the price could retest the $128 and $126 support levels.
EOS, Tron (TRX) and IOTA Price Analysis
EOS price is trading with a positive tone and it recently broke the $2.45 and $2.50 resistance levels. The next stop for buyers could be $2.62, above which buyers are likely to push the price towards the $2.80 level.
Tron started a fresh upward move and gained around 3%. TRX is trading nicely above the $0.0250 level and it may continue to grind towards the $0.0260 and $0.0265 resistance levels.
IOTA (MIOTA) performed really well recently and traded up by more than 7%. The price is cleared the $0.3050 and $0.3100 resistance levels, opening the doors for a run towards the $0.3250 and $0.3300 resistances.

Looking at the total cryptocurrency market cap hourly chart, there was a decent upward move after a test of the $115.00B support level. The market cap gained traction and it recently surpassed a crucial bearish trend line with resistance at $117.20B on the hourly chart. It has opened the doors for more gains towards the $120.00B and $124.00B level. Hence, there are chances of a decent recovery in bitcoin, ETH, tron, litecoin, EOS, ripple, XLM, ICX and other altcoins in the near term.
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Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

CoinSpeaker

Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

The ongoing government shutdown achieved a new milestone on Friday by hitting the record for the longest shutdown in US history. While all the spheres are negatively affected, this has laso put key developments in the crypto space on hold.

Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

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Source: CoinSpeaker

Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap found support near $112.00B and recovered above $120.00B.
EOS price is up more than 8% and it may extend gains above the $2.50 resistance.
Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances.
Tron (TRX) price rallied close to 10% and cleared the $0.0250 resistance.
Cardano (ADA) price found support above $0.0400 and recovered above $0.0430.

EOS and Tron (TRX) are gaining bullish momentum as the crypto market recovers nicely. Bitcoin, BCH, Ethereum, and altcoins like XLM and Cardano (ADA) may extend gains.
Bitcoin Cash Price Analysis
Bitcoin cash price found support near the $120 level and later started a decent recovery against the US Dollar. BCH/USD gained around 5% and broke the $130 resistance level. It seems like the price may continue to grind higher and it could test the $135 and $138 resistances.
If there is a downside correction, the $130 and $128 levels may act as supports, below which the price may move back in a bearish zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price surged more than 7% recently and broke the $2.35 and $2.40 resistances. The current price action is positive and it seems like the price may extend gains above the $2.50 resistance.
Tron once again gained bullish momentum and rallied close to 10%. TRX price cleared the $0.0240 and $0.0250 resistance levels to move back in a positive zone. On the upside, the next resistances are at $0.0265 and $0.0280.
Cardano price found support near the $0.0400 level and it recently recovered nearly 6%. ADA price is currently trading above the $0.0425 resistance, with a bullish angle. If buyers break $0.0440, the price may climb above $0.0450 and $0.0460.

Looking at the total cryptocurrency market cap hourly chart, the $112.00B level acted as a strong support and produced a sharp upward move. The market cap broke the $118.00B resistance and a bearish trend line. At the outset, the cap is consolidating near $120.00B, and a break above $122.00B might open the doors for a push towards $125.00B and $127.5B. Therefore, there are chances of more upsides in BTC, ETH, tron, litecoin, EOS, ripple, NEO, XLM and other altcoins in the near term.
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Top-three weekly losers: Ethereum [ETH], Bitcoin Cash [BCH], and EOS lose ground

The first week of 2019 was good signs for the entire cryptocurrency market, as Bitcoin [BTC] was performing well when it crossed above the $4,000 line. Every other cryptocurrency was enjoying the short term rally but this was a short-lived rally.
On January 10, 2019, the price of Bitcoin fell down by a whopping $250 in a matter of an hour, and the whole of the cryptocurrency market collapsed by $10 billion.
Ethereum [ETH]
Source: CoinMarketCap
As for the second week of January 2019, the markets were in a very distraught state, as the top losers for this week were Ethereum, which lost a massive 19.11% in a matter of 7-days. Ethereum, as a result, has become the biggest loser of the second week.
The price of Ethereum has fallen from $157 to $127 in a week, while the market cap has dropped from $16 billion to $13 billion.
The 24-hour volume for Ethereum is holding steady at $2.42 billion and DOBI  Exchange provides most of the trade volume via the trading pair ETH/BTC. DOBI Exchange contributes a total of $97 million worth of trade volume.
Bitcoin Cash [BCH]
Source: CoinMarketCap
Bitcoin Cash comes on the second spot with its 7-day price change at 16.58%. The price of Bitcoin Cash started trading at $166 which fell to $130 within a week.
The market cap of BCH fell from $2.91 billion to $2.30 billion and the 24-hour trading volume shows a total of $203 million which is majorly contributed by Huobi exchange via the trade pair BCH/USDT. The exchange provides a total of $23 million volume to the total trade volume.
EOS
Source: CoinMarketCap
EOS is the third largest weekly loser. The 24-hour price change is at 10.89% with the price collapsing from $2.73 to $2.42 within the week.
The market cap for EOS collapsed from $2.4 billion to $2.2 billion, which, when compared to the above-mentioned losers is considerably less.
The trading volume of EOS is comparatively lesser than ETH as it is at $717 million. Bibox exchange provides a total of $76 million in trade volume via the trading pairs EOS/ETH, EOS/BTC, and EOS/USDT.
The post Top-three weekly losers: Ethereum [ETH], Bitcoin Cash [BCH], and EOS lose ground appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points

The total crypto market cap declined recently and tested the $130.00B support.
Litecoin (LTC) price started consolidating gains after testing the $40 resistance.
Bitcoin cash price declined 4% and traded below the $60 support.
Tron (TRX) extended gains and traded above the $0.0235 resistance level.
Cardano (ADA) price trimmed gains and traded below the $0.0480 support.

Bitcoin cash started a downside correction below $160. BTC, Ethereum, ripple, Litecoin (LTC), Tron (TRX) and Cardano (ADA) trading nicely above key support levels.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to clear the $165 and $170 resistance levels against the US Dollar. BCH/USD started a downside correction and traded below the $160 support. The price is down more than 4% and it may continue to move lower towards the $155 and $150 support levels.
On the upside, a break above the $160-162 zone may clear the path for a push towards the $170 resistance. A proper break above the $170 barrier is needed for an upside acceleration.
Litecoin (LTC), Tron (TRX) and ADA Price Analysis
Litecoin price gained heavily recently and surged above the $34 and $36 resistance levels. LTC even tested the $40 resistance and later started a downside correction. The main supports on the downside are at $36 and $34.
Tron price remained in the green zone and traded above the $0.0235 resistance levels. TRX price may perhaps continue to move higher towards the $0.0245 and $0.0250 resistance levels.
Cardano price started a downside correction after testing the $0.0500 resistance levels. ADA is currently trading below the $0.0480 support and it seems like it may extend the correction. The next key support is at $0.0455, below which the price may decline towards the $0.0420 support.

Looking at the total cryptocurrency market cap hourly chart, there was a rejection near the $137.00B level. The market cap started a downside correction and moved below the $135.00B level. However, the $130.00B support is acting as a solid barrier. There is also a bullish trend line with support at $129.00B on the hourly chart. Therefore, Bitcoin, Ethereum, EOS, litecoin, ripple, and other altcoins remains supported on the downside and they might bounce back in the near future.
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Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

CoinSpeaker

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

As Bitcoin celebrates the 10th anniversary of the Bitcoin genesis block, bComm (Bitcoin Commerce) Association revealed an updated logo for Bitcoin SV (BSV). This new logo was to mark Bitcoin SV, as a rebirth of Bitcoin.

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

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Source: CoinSpeaker

Bitcoin Cash [BCH]: New Cashaccount.info ID system ties names to BCH addresses

Bitcoin Cash [BCH] proponent, Jonathan Silverblood, has announced a new identification system that will enable a custom human-readable alias for payment information. Jonathan, who developed the system, has launched a beta version of Cashaccount.info in order to test its functionality and receive feedback. On Bitcoin Genesis block’s tenth anniversary, January 3, all the beta account names will be invalid when the system finalizes, reported Bitcoin news.

The proponents of BCH can now experiment with the new BCH-powered alias-address system called Cashaccount.info. Previously, Silverblood’s BCH name system, called Cash-ID, was reported to have allowed human-readable account name tied to the keys of a BCH address. According to the publication, the protocol is open source and uses an OP_Return transaction when the name is broadcast and approved on the BCH network.
The details about the naming process and how it functions can be found on Gitlab along with Silverblood’s Cash Accounts Code and specifications. Silverblood explains the reason behind his motivation behind creating Cash Accounts on Gitlab. He said:
“The Bitcoin address system based on hashing data creates complex and difficult to share identifiers. While these identifiers have proper checksums and misspellings are rare, they are still very cumbersome to transfer over the telephone, in a regular chat or similar — Many attempts have been made to obfuscate the addresses by transferring them as QR codes or NFC tags, but the need for a human-accessible format remains.”
On the home page, it reads:
“Bitcoin Cash needs an alias/address system that is designed to meet the expectations of normal users. Cash Accounts allows for human readable account names that are easy to share in conversation.”
Source: Cashaccount.info
The Cash Account would be even more efficient once more users register for usernames or aliases along with few infrastructural changes. The Cashaccount.info website displays all the Bitcoin Cash supporting wallets Silverblood has reached out for client compatibility.
The post Bitcoin Cash [BCH]: New Cashaccount.info ID system ties names to BCH addresses appeared first on AMBCrypto.
Source: AMB Crypto

Kraken now allows Margin Trading For Ripple (XRP) and Bitcoin Cash (BCH) Across Pairs

Kraken is one of the first and prominent crypto exchange that offers margin trading to trade cryptocurrencies. Citing demand, the exchange has gradually expanded its product with a variety of crypto coins and has recently extended margin trading for XRP and BCH.
XRP and BCH could see rising volumes on Kraken
Exchanges usually provide margin trading option only with cryptocurrencies which are in demand and are extremely liquid. Citing the rising demand for XRP and BCH (post forking) in the recent rally, Kraken has announced expanding margin trading option for two coins.
The announcement reveals the leverage amount available and borrowing limits against pairs for both these coins which are as follows:
Leverage amounts available:
Bitcoin Cash

BCH/XBT – 2x
BCH/USD – 2x, 3x
BCH/EUR – 2x, 3x

Ripple

XRP/XBT – 2x, 3x
XRP/USD – 2x, 3x, 4x, 5x
XRP/EUR – 2x, 3x, 4x, 5x

Borrow limits available:
The borrow limits depend on the verification level of a user’s account.
Bitcoin Cash: Tier 1: 1 BCH, Tier 2: 5 BCH, Tier 3: 50 BCH, Tier 4: 500 BCH
Ripple: Tier 1: 5,000 XRP, Tier 2: 25,000 XRP, Tier 3: 250,000 XRP, Tier 4: 2,500,000 XRP
Kraken plans to charge a brokerage of Margin open fee = 0.02% and a Rollover fee = 0.02% / 4 Hrs
This addition expands the company’s margin offering to eight (8) assets, which already includes: Bitcoin (XBT), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT).
Margin trading is a double-edged sword, which on one end has the potential of an exponential increase in earnings, while on the other, it is extremely risky. A product for experienced traders, margin trading is often associated with the increase in volumes of a cryptocurrency. It also brings inexperienced traders and an additional line of revenue for the exchanges to earn interest on the money they lend out to margin traders.
Kraken, which anyway is the biggest exchange in terms of EUR volume, may further boost the volumes for XRP and BCH in days to come. Whether one would see these volumes getting converted into positive upticks for coins is something that traders will definitely watch out for.
Will Kraken’s margin trading addition help BCH and XRP prices to rise? Do let us know your views on the same.
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Source: CoinGape

Kraken Enables Bitcoin Cash and XRP Margin Trading

Crypto exchange Kraken has launched margin trading options for two of the top digital currencies by market capitalization, Bitcoin Cash and XRP.
High Risk Margin Trading Expanded at Kraken
Margin trading allows users to leverage their accounts with funds they do not actually possess. This can lead to far greater profits but and also greatly amplify losses. One wrong trade can wipe out an entire account so it is not for the feint hearted.
San Francisco based Kraken has just added two more crypto assets to the six it already offers. Currently users can leverage trades on Bitcoin, Ethereum, Ethereum Classic, Tether, Monero and Augur. As announced on the company blog today, Bitcoin Cash and XRP have just been added to this list.
The available leverage, or borrow limits, will depend on the verification level of the account. Top tier four accounts can get up to 500 BCH or 2.5 million XRP. Leverage starts a 2x for BTC trades and goes up to 5x for XRP fiat trades. Kraken has posted a warning about the dangers of high risk trading and recommends having a healthy account balance to back margins;
“Please note that BCH and XRP are not collateral currencies. This means you cannot open margin positions against the value of your BCH or XRP balances. For this reason, you should always maintain adequate balances of other collateral currencies to maintain your margin positions.”
XPR Base Pairings Grow
More exchanges are now looking towards XRP as a base pair to add to Bitcoin, Ethereum and Tether. Earlier this week Binance announced that it was expanding its listings to include the XRP/TRX (Tron) and XRP/XZC (Zcoin) base pairs.
The world’s top exchange also added that it will rename the Ethereum markets to ‘ALTS’ to reflect the different base pairs now offered.
Market Reaction
Crypto markets are rebounding again today and both XRP and BCH are getting a lift. At the time of writing XRP was up 8% on the day to $0.375, it has made almost 7% over the past week but is down over 3% from the same time last month.
Bitcoin Cash meanwhile is up and down like a yoyo. Today BCH has posted gains of around 16% taking it over $170 again but since last weekend it has dropped 9%. The volatility has crept back into crypto markets so it is unlikely the Kraken addition of these to assets has made a difference to their prices.
 
Image from Shutterstock
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Crypto Market Update: $10 Billion Pump Follows Four Day Dump

FOMO Moments
Crypto markets rebound again; Ethereum and Bitcoin Cash surging, EOS and Litecoin following.
The volatility appears to be creeping back into crypto markets with a dump one day followed by a pump the next. Since Christmas day markets have been sliding back but a bounce a few hours ago has injected $10 billion back into them and propelled total market capitalization back over $130 billion.
One almighty spike a few hours ago shot Bitcoin from $3,670 to over $3,900 in around an hour. BTC is currently up over 7% on the day and is approaching $4,000 again. The $200 plus pump has taken it back to pre-Christmas levels though longer term momentum has yet to be defined from these ‘Bart Simpson’ type chart patterns.
Ethereum has enjoyed even greater gains today with a surge of over 18% to take it back over $135 again. The market cap gap between ETH and XRP in second has now closed to a billion dollars as the Ripple token only adds 8% on the day.
The entire top ten is green again with some altcoins pumping harder than others. It is a rare occasion that Ethereum is the top performer but just behind it with gains of over 15% are Bitcoin Cash, EOS and Litecoin. EOS and Stellar are still battling for fifth spot and are both on the same market cap.
There are a number of double digit performers in the top twenty during today’s Asian trading session. They include Cardano, Iota, Binance Coin, Neo and Zcash all making 12-14 percent at the time of writing.
Big fomo surges of over 25% are going on at Linkey and DEX however these low cap coins are extremely volatile. Aurora is the only altcoin in the top one hundred getting bashed at the time of writing as it dumps almost 10% on the day.

Total crypto market capitalization has expanded by another $11 billion as it jumped 9% in a matter of hours. Yesterday, $5 billion was dumped. The figure now stands at $132 billion as markets appear range bound in this channel for now. Daily volume has climbed to almost $19 billion at the time of writing.
FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Bitcoin Cash [BCH], Ethereum [ETH], Litecoin [LTC] become biggest double digit gainers

As the cryptocurrency market takes a flight on the bull’s back, three coins on the third, fourth and eighth position have claimed their names under the top gainers of the day list, namely, Ethereum [ETH], Bitcoin Cash [BCH] and Litecoin [LTC].
Ethereum:
At the time of reporting, the coin was valued at $134.81 with a market cap of $14 billion. The total trade volume of the coin in the past 24 hour was $3.16 billion.
ETH 1-day price graph | Source: CoinMarketCap
At the beginning of the 24-hour cycle, the trading price of Ethereum was recorded to be $123 with a market cap of $12.8 billion. However, after many downturns and drops, the coin touched its lowest point of the day at $115.6 wherein its market cap reached a bottom of $12 billion.
Post this, Ether met a bullish fate where its touched the pinnacle of its trading price at $135 with a market cap of above $14 billion.
Bitcoin Cash:
At press time, the BCH token was trading at $173.78 with a market cap of over $3 billion. The total trade volume of the coin across a day was observed to be $489.5 million.

 
The one day chart for Bitcoin Cash has seen a a sudden surge in price as displayed by the drastic spike in the graph. As the year comes to a close, a majority of the cryptocurrencies have displayed a similar surge on the charts, a plateau like formation that showcases the switch between a bearish and bullish trend.
Litecoin:

At the beginning of the 1-day cycle, the token was trading at a low price of $29.58 with a market cap of $1.76 billion. The coin took a steep downturn to trade even lower at $28.42 with a market cap of $1.69 billion.
In a span of an hour, the coin jumped to a high point of $31.27. LTC went even further to gain its momentum and started to trade at $32. Currently, the coin is trading at its highest.
The post Bitcoin Cash [BCH], Ethereum [ETH], Litecoin [LTC] become biggest double digit gainers appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH/USD] Technical Analysis: The cryptocurrency is yearning for a bull run

The rise and fall of the cryptocurrency market seem to be persistent even during the final week of 2018. The beginning of the week witnessed almost all the cryptocurrencies shooting up tremendously with double digit gains. However, disappointment bestrewed the crypto community once again when the values of digital assets dropped 2 days back. It is being noticed that all the major coins are suffering a decline rate of up to 10% in the past 24 hours.
Bitcoin Cash [BCH], which outperformed all the cryptocurrencies last week with a massive 150% hike is currently struggling to overcome the bearish hit. At the time of writing, BCH is trading at $153.24 with a market cap of $2.7 billion. The weekly statistics of the market depicts that BCH has dropped by 17.18%. Also, the cryptocurrency is currenlty the biggest loser in the 24 hour chart with a 10% loss.
1-hour:
BCH 1 hour chart | Source: TradingView
The hourly chart of BCH shows an uptrend extending from $88.3 – $222.7, which is followed by a continuous downtrend ranging between $225.2 – $209.4 and $208.19 – $164.99. A resistance point is fixed at $226.4 and  the support point set at $152.8 has been broken and the price contiues to dip in this timeline.
The Parabolic SAR is currently forming the dotted indicators above the candlesticks indicating a bearish sign for the cryptocurrency.
The Chaikin Money Flow [CMF] has falled steep down the zero line demonstrating that the inflow of money has severely depeleted in case of BCH.
The Awesome Oscillator is continuousy forming negative bars below the zero line on the histogram, which shows a clear support for the other indicators mentioned above.
24 hours:
BCH 1 day chart | Source: TradingView
In the daily chart of Bitcoin Cash, we can see a massive downtrend ranging between $1729.3 – $594.69 – $167.4.
The Bollinger Bands has shown a clearly bearish market since November, as the candlesticks are alligned below the moving average [MA] line. Though BCH gained its momentum in the past few weeks, the price has started to move along with the MA. The upper band and the lower band of the indicator shows a narrow path indicating a less volatile market.
The Relative Strength Index [RSI] had risen steadily from the overbought zone to stay within the RSI range, however, it is gradually moving back to the overbought zone in this timeframe.
The Relative Vigor Index [RVGI] has taken a bearih crossover with both the reading line and signal line moving downwards.
Conclusion:
All the indicators used in this technical analysis is evidently favoring a bear market in both the timeframes. The short term indicators are showing strong support for bears in the 1 hour chart.
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Source: AMB Crypto

Bitcoin cash [BCH] becomes the top loser; followed by Bitcoin SV [BSV] and Ethereum [ETH]

After a merry Christmas, the cryptocurrency market has already started to bleed. The major coins, which saw a massive hike, have plunged. At the time of press, the top three losers amongst the top 10 cryptocurrencies were Bitcoin Cash [BCH], Bitcoin SV [BSV], and Ethereum [ETH].
Source: CoinMarketCap
According to CoinMarketCap, BCH was valued at $161.05 with a market cap of $2.8 billion. The coin reported a 24-hour trade volume of $322 million while it plunged by 5.33% over the past 24 hours. The coin registered an overall growth of 10.41% over the past week, however, it is seen to fall by 1.92% over the past hour, at the time of writing.
According to the maximum trading volume, Huobi registered the highest volume of $37 million with BCH/USDT. The second in line was Upbit with a trading volume of $32 million with BCH/KRW. Upbit was followed by Binance which registered the third largest trading volume $29 million with BCHABC/USDT pair.
Source: CoinMarketCap
Bitcoin SV was valued at $90.55, with a market cap of $1.5 billion. The 24-hour trade volume of BSV was $89 million with a fall of 2.42% over the past hour. The coin is seen to slip by 0.67% over the past hour, whereas an overall fall of 15.30% was registered over the past week.
The maximum trading volume for BSV was registered by Binance with $12 million on the BCHSV/USDT pair. Upbit was followed by Bitmart in the second position. It registered a trading volume of $7 million with BCHSV/USDT pair, while on the third position, Upbit registered a trading volume of $7 million with BSV/KRW pair.
Source: CoinMarketCap
According to CoinMarketCap, ETH was valued $124.83 with a market cap of $12.9 billion. The coin registered a 24-hour trade volume of $2 billion while it plunged by 2.22%. The coin faced a fall of 10.93%, while a fall of 0.65% was observed over the past hour.
As per the maximum trading volume, OEX registered a trading volume of $183 million with ETH/BTC pair. The next in line was OKEx which registered a trading volume of 90 million with ETH/USDT pair, followed by Binance on the third position. It registered a trading volume of $74 million with the ETH/USDT pair.
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Source: AMB Crypto