Bitcoin [BTC] and Bitcoin Cash [BCH] to be accepted as payment options by global technology solutions provider

Avent, a leading global technology solutions provider, announced that they would be accepting Bitcoin [BTC] and Bitcoin Cash [BCH] for their goods and services, as a mode of payment on their platform. The news comes after Switzerland’s largest e-commerce company, Digitec-Galaxus AG, announced the acceptance of Bitcoin, Ethereum [ETH], XRP and a few other altcoins for payments.
Like most platforms, Avent is enabling Bitcoin payments via BitPay, the largest Bitcoin payments service provider. Sunny Trinh, the Vice President of Demand Creation at Avent said,
“We’re working with BitPay to facilitate secure blockchain payments for all types of customers so they can focus on developing their products, not how to pay for them. Whether it’s Bitcoin or Bitcoin Cash, we can handle it”
The blog post stated that developers were “looking for flexibility,” when launching products in the market. It added that this particular announcement would give their customers “more convenient” options to complete their transactions.
The announcement further stated that when a customer chooses to check-out with Bitcoin or Bitcoin Cash as their payment option, Avent and BitPay would collaborate on verifying the funds, processing their order and completing transactions. In the future, they will also be able to enable cryptocurrency payment requests outside of the United States, on a country to country basis.
Sonny Singh, COO of BitPay said,
“As one of the largest global technology solution providers on the Fortune 500 list, Avent is truly an innovative company that listens to the needs of their customers, as demonstrated by their decision to accept bitcoin payments.”
He further stated,
“Not only is paying with bitcoin easier and faster than with credit cards and bank wires, it is less expensive and acceptance of it is growing. I predict Avent will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”
The post Bitcoin [BTC] and Bitcoin Cash [BCH] to be accepted as payment options by global technology solutions provider appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH]: UnitedCorp files opposition to dismiss against Roger Ver, Bitmain and Kraken in hard fork fraud claims

The Bitcoin Cash [BCH] hard fork that occurred on November 15, 2018, captured multiple headlines with many marking it a major event in the field of cryptocurrencies. The hard fork is the one that resulted in the split of the BCH blockchain to give birth to two different cryptocurrencies: Bitcoin Cash [BCH] and Bitcoin SV [BSV].
The fork was dominated by two camps, the Bitcoin ABC team led by Roger Ver and Bitmain’s Jihan Wu while the Bitcoin SV was led by nChain’s Craig Wright and Calvin Ayre. Post the fork, Ver and Wu were both sued by United Corp, an American management company who claimed that the ABC camp including popular cryptocurrency exchange Kraken, had flouted rules and regulations to benefit from the fork. The initial lawsuit said:
“The defendants [Bitmain, Bitcoin.com, Roger Ver and Kraken] collectively engaged in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders.”
The lawsuit was refuted by the alleged parties, citing lack of evidence and bogus claims. Following this, UnitedCorp has filed a new opposition to dismiss in its lawsuit. The company challenged the defendants to explain their actions under oath and stated that they will pursue discovery by way of deposition or under subpoena of the defendants.
The latest lawsuit made it the first antitrust action brought in the United States that involves the cryptocurrency industry. The new release from the company said:
“Miami‐based United American Corp announced today that their legal counsel Akerman LLP has filed a Consolidated Opposition to Defendant’s Motions to Dismiss Complaint in its suit against Bitmain Group, Bitcoin.com, Roger Ver, Jihan Wu, Kraken, Jesse Powell, Amaury Sechet, Shammah Chancellor and Jason Cox (the “Defendants”). The opposition was filed after the Defendants filed a motion to dismiss the UnitedCorp action on February 1st 2019.”
UnitedCorp also specifically pointed out to Bitmain’s usage of the Overt ASICBoost as a method to enhance Bitcoin ABC’s version of the fork. The company further stated that the firmware was made available in advance of the last Bitcoin Cash update by Bitmain only to Bitcoin ABC-supported pools, which are operated by the Roger Ver owned Bitcoin.com. The lawsuit also added:
“UnitedCorp alleges that these activities are evidence of not only a violation of the accepted standards and protocols associated with Bitcoin since its inception, but a violation of US antitrust laws including parts of the Sherman Act.”
The post Bitcoin Cash [BCH]: UnitedCorp files opposition to dismiss against Roger Ver, Bitmain and Kraken in hard fork fraud claims appeared first on AMBCrypto.
Source: AMB Crypto

‘Faketoshi’ Craig Wright Deletes Twitter Account Raging

Coinspeaker
‘Faketoshi’ Craig Wright Deletes Twitter Account Raging
The Australian businessman and software developer Craig Wright has always been at the first rows of social media controversy. Now, he had his Twitter account deleted following a series of threatening tweets.
‘Faketoshi’ Craig Wright Deletes Twitter Account Raging

Continue reading at Coinspeaker
Source: CoinSpeaker

Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Coinspeaker
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed
The ICE’s Data Services will provide real-time and historical data for all the newly added crypto tokens.
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support.
Litecoin (LTC) price moved below the $60 support and it could extend the downside correction.
Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support.
Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220.
Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area.

The crypto market cap is currently at a risk of a downside break. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA could decline heavily if sellers gain control.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed to clear the $165 resistance against the US Dollar. The BCH/USD pair corrected lower and broke the $160 support recently. The current price action suggests that the price may move further lower towards the $155 support level.
The main support is near the $150 level, where buyers are likely to emerge. On the upside, an initial resistance is at $160 and $162, above which the price is likely to clear the $165 resistance in the near term.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price climbed to a new monthly high recently and traded above the $60 level. Later, LTC price started a downside correction and traded below. It seems like there could be more downside and the price may test the $58 or $56 support level. On the upside, the key resistances are $60 and $62.
Tron price remained under a lot of pressure and it recently failed to hold the $0.0230 support level. TRX price is now trading well below $0.0230 and it could continue to move down towards the $0.0220 support level.
Cardano price gained bullish momentum this week and broke the $0.0500 and $0.0510 resistance levels. ADA price is currently up more than 3% and it seems like it could surpass the $0.0520 and $0.0525 resistance levels to move further into the positive zone.

Looking at the total cryptocurrency market cap hourly chart, there were a couple of rejections near the $136.0B and $137.0B levels. The market cap moved down recently and it is currently trading near a crucial support at $133.2B. If there is a downside break, the market cap could decline towards the $132.0B or $130.0B support levels. In the mentioned scenario, there are chances of a downside extension towards the key $125.0B support. On the other hand, an upside break above $135.0B may spark bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins.
The post Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers

Many critics of Bitcoin often argue that its four occasionally five-figure price point is entirely unjustified based on the lack of BTC use in retail. However, over the years, plenty of companies have attempted to nurture the gradual adoption of cryptocurrency by offering to accept payment for goods and services in different digital assets.
Two of the latest names on this ever-growing list are the multi-award-winning Swiss online retailer Digitec Galaxus AG and Phoenix-based electronic components supplier, Avnet. Those unimpressed by a possible lack of instant recognition of either company can take comfort in the fact that the pair’s combined annual revenue last year was over $18.39 billion.
Greater Bitcoin Acceptance Means Greater Bitcoin Utility
The latest two major companies to declare support for Bitcoin and other cryptocurrencies for products or services announced the addition of the revolutionary payment methods earlier today. Avnet proudly displayed a link to a short article detailing their decision to go crypto on the home page of its website.
To facilitate the service, the US electronics supplier will be working with cryptocurrency payment service provider BitPay. For now, the cryptos accepted will be just Bitcoin (BTC) and Bitcoin Cash (BCH).
Also today, Swiss retail giant Digitec Galaxus AG, owner of both the Digitec and Galaxus online marketplaces, announced that it too would be accepting cryptocurrency payments. Instead of using BitPay as a payment processor, the firm will be working with Coinify.
Users of either the Digitec or Galaxus marketplaces can now shop using a fairly comprehensive list of cryptocurrencies, consisting of Bitcoin, both brands of Bitcoin Cash, Ether (ETH), XRP, Binance Coin (BNB), Litecoin (LTC), Tron (TRX), OmiseGo, and NEO (NEO).
The expansion of payment methods across the two platforms was announced via Digitec’s Twitter account and accompanying media post:

Mehr Informationen zu diesem Thema findest du in unserer Medienmitteilung: https://t.co/A2RhWEFCMn
— digitec (@digitec_de) March 19, 2019

According to a report in FXStreet, Oliver Herren, the CIO and co-founder of Digitec, had the following to say about today’s Bitcoin acceptance announcement:
“Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development.”
Cryptocurrency Acceptance Continues to Grow Around the World
As previously reported, cryptocurrency acceptance is surging around the world. Since 2013, the number of businesses accepting Bitcoin or other cryptos has grown by 702%. However, in the parts of the world for which Bitcoin and other cryptos hold the most promise, acceptance amongst retailers continues to remain low.
By far the lion’s share of instances of companies accepting cryptocurrency are from the so-called “developed world”. However, those with access to a plethora of established and relatively trustworthy banking services are much less in need of the permissionless, non-governmental value-transfer-networks offered by Bitcoin and other cryptos than those living in places where banking resources are rare. Although large online retailers accepting digital currency is certainly positive for the space, previous examples, like that of OverStock.com, highlight that it takes more than big retailers accepting crypto to get folks to actually use it.
 
Related Reading: Bitcoin Acceptance: The Changing Face of Mainstream Media Coverage
Featured Image from Shutterstock.
The post Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap corrected lower recently and tested the $132.0B support area.
Bitcoin cash price started a downside correction after testing the $165 resistance.
EOS price is slowly moving lower towards the $3.70 support level.
Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances.
Tron (TRX) is currently flat near the $0.0230 support level.

The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX) remain supported on dips.
Bitcoin Cash Price Analysis
Bitcoin cash price climbed higher recently and settled above the $150 and $160 resistances against the US Dollar. The BCH/USD pair tested the $165 resistance and later started a downside correction. The price tested the $162 level and it seems like it could test the $160 support in the near term.
If there is a downside break below the $160 support, the price may decline towards the $150 swing support. On the upside, the $165 level is a strong resistance, above which the price may test the $170 level.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price failed to stay above the $3.80 pivot level and corrected lower recently. It traded below the $3.78 level and tested the $3.75 support. If there are additional downside, the price could revisit the key $3.70 support level before another increase.
Stellar price was one of the best performers as it gained traction above the $0.1110 resistance level. XLM price broke the $0.1120 and $0.1140 resistance levels to move into a positive zone. It is currently up around 4% and it may continue to climb towards the $0.1160 and $0.1180 levels.
Tron price extended range moves below the $0.0240 resistance level. TRX price recovered recently and moved above the $0.0230 level. At the moment, it is trading in a tight range, with an immediate resistance at $0.0232. The main resistances are near the $0.0235 and $0.0240 levels.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $137.0B swing high. The market cap declined below the $135.0B support level. However, the $132.0B support and the 100 hourly simple moving average acted as strong supports. Besides, there is a key connecting bullish trend line in place with current support at $133.0B on the same chart.
If there is a downside break below $133.0B and $132.0B, the crypto market could gain bearish momentum. On the upside, a break above the $135.0B and $137.0B resistance levels is must for a fresh upward move in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term.
The post Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Cash’s Roger Ver discusses BCH’s spread in Canada and censorship-resistant social media apps

One of the most popular and significant luminaries of the cryptocurrency field, Roger Ver, the CEO of Bitcoin.com, and an avid Bitcoin Cash [BCH] supporter, recently talked about new technologies integrated with BCH, in a recent video from Bitcoin.com.
The CEO talked about Memo Cash, an application that lets users bypass censorship on Twitter. It was also revealed that the company released an Android app with an iOS application to be released soon. In his words,
“The application also has a faucet that provides users with a few BCH to get started. This is also good news for users who have been complaining about censorship on social media handles, the blockchain service social media age is here.”
Ver also discussed LocalBitcoin adding Bitcoin Cash to 140 Canadian ATMs. LocalBitcoin is the same portal that spoke about the fall in Bitcoin transaction volumes in Venezuela and its neighboring countries.
The BCH proponent opined that the move will benefit Canadians, especially with the fall of QuadrigaCX. The latest reports from QuadrigaCX suggest that its late CEO facilitated withdrawals using personal funds, back in 2018. The late CEO’s wife Jennifer Robertson had said,
“I believe Gerry had the best interests of the business in mind and cared for his customers.”
Roger Ver was an active participant in the cryptosphere and had made several comments supporting BCH and undermining Bitcoin in the past. Recently, he had tweeted,
“Altcoins became BTC’s layer two solution.”
He even echoed the statements made by Gabriel Cardona, the Director of Developer Services and Head of R&D at BCH, who had called the second layer of Bitcoin an “absolutely horrible user experience.”
Not all Bitcoin supporters took Ver’s tweet lightly, with francispouliot, a Twitter user, saying,
“Literally not layers of the object but distinct objects from said object. With all the random non-sensical quotes you post, I wouldn’t be surprised if one day you tweeted out a valid one.”
The post Bitcoin Cash’s Roger Ver discusses BCH’s spread in Canada and censorship-resistant social media apps appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Token marches on with the bulls

Bitcoin Cash [BCH] built on the bullish momentum in the market, as the coin surged to a price valuation of $162.06. The coin witnessed a significant growth rate of 7.61% over the last 24 hours, against the US dollar. The market capitalization, at press time, was $2.86 billion, and the trading volume recorded over the last 24 hours was around $475 million.
Huobi Global exchange handled the highest amount of trade for the coin and contributed to 6.59% of the collective trading volume, via the trading pair BCH/USDT.
1-hour
Source: TradingView
The 1-hour chart for the token witnessed a massive bull run, as the token underwent multiple uptrends. One of the uptrends extended from $133.9 to $157.20 and was followed by a price hike which stretched the valuation from $155.70 to $163.40. The resistance line, at press time, was marked at $163.60.
The Bollinger Bands indicator suggested a volatile period for the coin as the lines were diverging from each other.
The Relative Strength Index or RSI indicated that the selling and buying pressures evened each other out in the market.
The MACD line demonstrated a bullish run for the coin as the blue line hovered over the red line. However, the MACD line and signal line remained in close proximity, indicating a probable change in trend.
1-day
Source: TradingView
The 1-day chart witnessed a recovery of losses for the token since the valuation went down significantly at the end of last year. The downtrend was from $194.70 to $120.50, but the token recovered after an uptrend from $120.20 to 153.10.
The Parabolic SAR indicated a bullish run as the dotted markers were found under the candlesticks.
The MACD line indicator remained bullish as the blue line was found over the red line in the chart.
The Fisher Transform followed suit, with the indicator giving the upper hand to the bull.
Conclusion
At press time, BCH had consolidated its price valuation in the market, and was set to continue on with its bullish momentum. The long term chart indicated a steady price hike for the coin, as the short term chart remained fairly bullish as well.
The post Bitcoin Cash [BCH] Price Analysis: Token marches on with the bulls appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC]: A hindsight view of the prices from all-time highs

The bull run of cryptocurrencies ended as 2017 came to an end. The coins that had pumped by massive amounts eventually plunged due to a market correction, which was the beginning of the bear market.
The bear run has taken its toll on the users and companies that were launched during the bull run. Several companies shut down, while others like Bitmain are struggling to stay afloat. The bear market also showed the true nature of certain altcoins as they plunged.
Bitcoin, the poster child for all cryptocurrencies, collapsed by a massive 81% from its all-time high, at press time. However, other altcoins weren’t so fortunate as they plunged by more than 81%.
A Twitter user, @CharlieBilello, tweeted:

Crypto, % Below all-time high…BitConnect: -100%Qtum: -98%NEM: -98%ICON: -97%Bitcoin Gold: -97%Bitcoin Cash: -97%Cardano: -96%Lisk: -96%NEO: -95%IOTA: -95%Dash: -94%zCash: -94%TRON: -92%XRP: -92%Ethereum: -91%Monero: -89%Litecoin: -84%EOS: -83%Bitcoin: -80%
— Charlie Bilello (@charliebilello) March 17, 2019

From the list above, it can be seen that the second largest cryptocurrency, Ethereum [ETH], collapsed by a massive 91%, while the third largest coin, XRP, dropped by 92%.
Other cryptocurrencies like BitConnect were subject to lawsuits and termed as Ponzi Schemes by Texas State Securities Board.
Bitcoin Cash faced the same fate as it underwent a hard fork due to a disagreement between Roger Ver and Calvin Ayre. After the fork, both the cryptos, BCH and Bitcoin SV, suffered, but BCH trumped BSV in terms of price.
The Tron ecosystem has faced a lot of developments in recent times, but dropped by 92% since its all-time high. Some users in the community believe that the bear market would wash out the weak projects so that the ones that are truly devoted to cryptocurrencies remain.
The next bull run is awaited by the community and some users speculate that the prices would shatter the previous highs in the upcoming bull rally.
@jposhaughnessy, a Twitter user, commented:
“I fear BitConnect is going to have a hard time coming back from this.”
Another Twitter user, @FVNate, commented:
“It’s deep value, Jim! The price/book ratio tells you everything.
(I seriously heard someone present the P/B ratio for crypto.)”
The post Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC]: A hindsight view of the prices from all-time highs appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] developers introduce privacy-protecting lightweight protocol, Neutrino

Bitcoin Cash [BCH], the cryptocurrency resultant of the Bitcoin fork, recently rode the bullish trend to post major gains in the coin market. Now, according to reports, the developers behind Bitcoin Cash full node bchd announced the beta release of a lightweight version of its wallet, Neutrino.
Chris Pacia and the entire team of Bchd full node developers announced the launch of Neutrino, despite crypto enthusiasts getting a whiff of the wallet back on 29 February, when Chris Pacia released a sneak peek on Twitter.
The light client protocol is claimed to be exceptionally fast, and is labeled as a privacy-preserving light wallet due to its use of client-side filtering. The technology makes sure that there is no leak in any user information during transactions through a third party service or clients.
Neutrino is based on the principle of Simplified Payment Verification [SPV] and allows users to store coins in a noncustodial manner. Moreover, the Neutrino protocol allowed other wallets to utilize the client in order to bolster the SPV experience.
One of the developers said,
“The way [client-side filtering] works is full nodes create a filter for each block in the chain — You can think of a filter as an ultra-compact representation of all of the transactions in the block — The nodes store these filters on disk along with the block. SPV wallets using Neutrino sync the full chain of headers like a normal SPV wallet, but they also download the filter for each block.”
The bchd developers later announced that other clients would need to be part of the SPV protocol if they wanted to utilize the neutrino protocol for their system.
The post Bitcoin Cash [BCH] developers introduce privacy-protecting lightweight protocol, Neutrino appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Gains 24% Over The Weekend; Bottom on BCH Called By Leading Analyst

Bitcoin Cash (BCH), the instantaneous low-cost fork of Bitcoin has gained 24% in value over the weekend and 6% on the daily index. While Bitcoin has been unable to break past the $4100, the alternative Hard Fork seems to be gaining traction. The 24-hour trading volume on BCH also exceeded 500 million dollars in the past day. The price has risen from $150 to a high of $165 in the daily time-frame.
The total market capitalization of the cryptocurrency market, however, fell below the $140 billion mark again as FUD around ETF approval and wide-scale adoption remains.
Bitcoin Cash (BCH) which is a Hard-Fork of Bitcoin boasts of its technical prowess by increasing the block size. While the advocates of BCH has been criticized on its additional utility, Bitcoin Cash (BCH) is almost as abundantly distributed as Bitcoin, and it is a faster and cheaper alternative to Bitcoin (BTC) too.

The reasons I started investing in Bitcoin in 2011 are the exact same reasons I’m investing in Bitcoin Cash today. pic.twitter.com/OpOV7OKeGN
— Roger Ver (@rogerkver) September 5, 2018

Price Analysis of Bitcoin Cash (BCH)
Leading Chart Analysis, Peter Brandt recently suggested that BCH might be forming a resistance near the $148 level as it looks for a breakout. The price has broken from the resistance and gained 24%, hence the bullish momentum of BCH might continue till it reaches the next resistance near $420 level.

$BCHUSD the next macro cap to complete a bottom? pic.twitter.com/cjQIja0a8B
— Peter Brandt (@PeterLBrandt) March 16, 2019

The price of BCH on 16th December 2018 was $78, which was down almost 98% from it’s All-Time High (ATH). Hence, if fundamentals continue to support, there is a lot of upside to the coin that might be revisited.
The 100-Day Moving Average is close to the 50-Day Moving suggesting a revival of the bullish sentiments in Bitcoin Cash (BCH). However, the RSI index has entered the over-bought region.
BCH-Bitcoin-Cash
Nevertheless, if the cryptocurrency markets take a bearish turn again as apprehended by a couple of experts, it might affect the price of Bitcoin Cash (BCH) as well.
The post Bitcoin Cash [BCH] Gains 24% Over The Weekend; Bottom on BCH Called By Leading Analyst appeared first on Coingape.
Source: CoinGape

Bitcoin Cash [BCH] pumps by 9% as market’s bullish wave continues

Bitcoin Cash [BCH] saw yet another significant price increase, days after the coin rose by a whopping 18 percent against the US Dollar. On 16 March, Bitcoin’s [BTC] breach of the $4,000 mark saw the collective market surge, shooting past the $140 billion mark, with top coins in a sea of green. At press time, another bullish wave had taken over the market.
After trading at a stagnant price of under $130, BCH prices soared to above $160, for the first time in over two months. Despite market correction forces stepping in and pulling the prices down to $149, the bulls struck again. The bulls pushed the price above the $155 mark within 12 hours of the fall.
At 0130 UTC on 18 March, the coin broke the $160 mark yet again, and breached the $166 mark. At press time, the coin had gained by 9.28 percent against the US dollar, and was trading at $165.48.
Source: Trading View
Bitcoin Cash valuation has soared since the bulls struck the market, adding over $500 million in the first cycle. After peaking at $2.81 billion on 16 March, market correction had pulled the coin’s market cap to $2.63 billion.
However, the coin defied the odds, and pushed up again, breaking the $2.9 billion mark by 0100 UTC. The market cap reached as high as $2.94 billion, its highest point since it broke the $3 billion mark on 3 January. At press time, the market cap of Bitcoin Cash stood at $2.92 billion, ahead of Binance Coin [BNB] by just under $700 million, and behind EOS by over $500 million.
P2PB2B dominated the Bitcoin Cash global trading volume, accounting for 6.29 percent via the pair BTC/BCH. Other prominent exchanges were Huobi Global, ZBG and IDAX, holding 6.05 percent, 6.02 percent, and 5.18 percent of the BCH trading volume, respectively.
The post Bitcoin Cash [BCH] pumps by 9% as market’s bullish wave continues appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market In Clear Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap rallied recently and broke the key $130.0B resistance area.
EOS price broke the key $3.65 and $3.70 resistance levels and tested $3.80.
Bitcoin cash price rallied more than 10% and broke the $150 and $160 barriers.
Tron (TRX) price is slowly moving higher and it could break the $0.0240 resistance level.
Cardano (ADA) price cleared the $0.0500 resistance to move into a positive zone.

The crypto market broke key resistances to move into an uptrend. Bitcoin (BTC), Ethereum (ETH), EOS, bitcoin cash (BCH), ripple, tron (TRX), ADA and other altcoins are trading with bullish moves.
Bitcoin Cash Price Analysis
In the past few sessions, bitcoin cash price performed really well and broke the $140 and $150 resistances against the US Dollar. The BCH/USD pair even broke the $160 barrier and traded to a new monthly high above $165. At the moment, the price is consolidating gains below the $168 and $170 resistance levels.
If there is a downside correction, the $162 and $160 levels are likely to act as solid supports in the near term. On the upside, a break above the $170 level might call for a push towards the $180 level.
EOS, Tron (TRX) and ADA Price Analysis
EOS price slowly climbed above the $3.65 and $3.70 resistance levels. The price even broke the $3.75 level and it is likely to clear the $3.80 resistance in the near term. The next key resistance is at $3.85, above which the price may rally towards the $4.00 barrier.
Tron price managed to stay above the $0.0220 support and it recently corrected higher. TRX price climbed above the $0.0230 resistance and it may continue to rise towards the $0.0240 resistance area, which is a major hurdle for buyers.
Cardano price remained in the bullish zone above the $0.0400 support. ADA price recently broke the $0.0460 and $0.0500 resistance levels to register decent gains. It may continue to climb towards the $0.0520 resistance level in the upcoming hours.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $130.0B and $132.0B resistance levels. The market cap even broke the $135.0B resistance and traded towards the $137.0B level. Later, there was a downside correction, but the $132.0B level acted as a support. It bounced back and traded above the $134.0B level. In the short term, there could be a downside correction, but the $132.0B and $130.0B levels are likely to act as solid supports. On the upside, the main resistance levels are near $137.0B and $140.0B. Overall, there are high chances of more upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.
The post Crypto Market In Clear Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Cash /Bitcoin SV Price Analysis: Breakout surge shatters multiple resistance levels

The collective market’s green wave saw major coin breakout of their sluggish movement, with Bitcoin Cash [BCH] firmly leading the charge. The four-month-old Bitcoin Cash hard fork, Bitcoin SV [BSV], also recorded significant gains as the market added $6 billion overnight.
Bitcoin Cash [BCH]
1-hour
Source: Trading View
The sixth largest cryptocurrency in the market was the only double-digit gainer in the market, recording a whopping 18.23 percent rise, at its peak. The rise followed two successive uptrends, the first of which pushed the coin from $128.33 to $133.36, and the second from $129.94 to $156.71. The coin’s market cap stood at $2.72 billion, at press time.
Bitcoin Cash broke two support levels, the first at $133.54, and the second at $143.72, with a third forming around $156. The coin’s immediate support level moved up from $128.63 to $141.48, following the rise.
The Bollinger Bands pointed to a massive increase in volatility as the price shot up rapidly. The Moving Average line indicated a bullish market.
The Chaikin Money Flow tool pointed to positive money inflow, but dropped as the CMF line was just hovering above zero.
The Awesome Oscillator indicated massive increase in short-term momentum, but since the concluding bars were red, bearish activity was in the offing, owing to market correction forces.
1-day
Source: Trading View
Bitcoin Cash was switching from uptrends to downtrends, since the hard fork. The latest series saw a downtrend from $152.88 to $129.13, prior to the rise. The coin saw its first uptrend since late February on 15 March, which pushed the coin’s price from $131.39 to $156.64.
The immediate support level of the coin stood at $122.24, which the coin was trading below in early February. Bitcoin Cash broke its long-term resistance, which stood at $153.26.
The Parabolic SAR switched from the bears to the bulls as the dotted lines moved below the coin’s trend line.
The Relative Strength Index showed a massive increase in investor interest as the RSI moved up from 47.16 to 69.20.
The MACD indicated a bullish takeover as the MACD line moved above the Signal line, following the surge.
Bitcoin SV [BSV]:
1-hour
Source: Trading View
Satoshi’s Vision surged forward in three successive uptrends as the market was blessed by the bulls. The first uptrend saw the price rise from $66.41 to $68.22, the next pushed the coin up from $67.35 to $69.03, and the final one from $69.02 to $71.89. Bitcoin SV was valued at $1.21 billion, at press time.
Bitcoin SV found immediate support at $66.16; the previous support level stood at $65.24. The coins immediate resistance level, which stood at $68.22, was broken and a new one had formed at $71.86.
The Bollinger Bands indicated a significant increase in the coin’s volatility as the price shot up. The Moving Average line indicated a bullish market, but was looking to move into the bearish zone.
The Chaikin Money Flow tool pointed to negative money inflow as the CMF line dipped below 0.
The Awesome Oscillator indicated a bump in short-term momentum, but since the concluding bars are red, bearish activity was predicted due to market correction forces.
1-day:
Source: Trading View
Bitcoin SV was reeling from a downtrend which pulled down the price from $67.94 to $75.58. The one-day chart showed three successive green candlesticks, indicating an uptrend which began at $66.86.
The coin found immediate support at $61.27, which the coin last touched in the beginning of February. Bitcoin SV’s immediate resistance level was at $75.59.
The Parabolic SAR pointed to a bearish market as the dotted lines moved below the coin’s trend line.
The MACD indicated a bullish move as the MACD line moved above the Signal line during the surge.
The Relative Strength Index showed a notable increase in investor interest as the RSI moved up from 42.98, to its current position of 53.48.
Conclusion
Bitcoin Cash and Bitcoin SV saw massive surges in their respective price, owing to the collective market upheaval. However, short term indicators pointed to imminent corrections which will bring the coin’s down from their temporary high. Bitcoin Cash’s long term indicators pointed to a positive market, as investor interest was high and the MACD line was ahead. Bitcoin SV price sustainability did not look promising in the long-run, as the Parabolic SAR was still holding firm above the coin’s trend line.
The post Bitcoin Cash /Bitcoin SV Price Analysis: Breakout surge shatters multiple resistance levels appeared first on AMBCrypto.
Source: AMB Crypto