Crypto-Market Update: Bitcoin [BTC] Falls Back to $5000, LTC, BCH and TRX ‘Hodlers’ Incur Even Heavier Losses

Bitcoin falls back to the $5000 support level as it had begun to consolidate above the $5200 level since 8th April with three small candles in the $5200-$5350 range. However, ‘a shooting star candlestick pattern has been observed on 10th April 2019, where Bitcoin tried to break out above $5400 but failed as it dropped to $5310 again, hence, forming the ‘shooting star.’
BTC/USD 1D Chart on Bitfinex (Tradingview)
The price of Bitcoin (BTC) at 12: 00 Hours UTC on 11th April is trading at $5039 on Bitfinex. The price is trading 4.5% lower on a daily scale.
The altcoins have incurred even higher losses. All the significant altcoins have suffered near 10% losses dragging the total market capitalization of the cryptocurrency markets below $170 billion.
Litecoin [LTC] and Bitcoin Cash [BCH]
Litecoin [LTC] and Bitcoin Cash [BCH] which were the largest gainers during the bullish move, took higher percentages of the losses as well.
The price of Litecoin (LTC) at 12: 00 Hours UTC on 11th April is at $78.26 on Coinmarketcap. The price is trading 11.09% lower on a daily scale.
The price of Bitcoin Cash (BCH) at 12: 00 Hours UTC on 11th April is $263.92 on Coinmarketcap. The price is trading 12.52% lower on a daily scale.
Dapps and Smart Contract Platform Trio: Ethereum [ETH], EOS and Tron [TRX]
Ethereum [ETH], EOS and Tron [TRX] also incurred losses of around 10%. Tron’s drop was the steepest with 14.9% in 4 hours. Ethereum [ETH] and EOS feel by about 9.5% during the same period.
The price of Ethereum [ETH] at 12: 00 Hours UTC on 11th April is $164.80 on Coinmarketcap, while the price of EOS at the same time is $5.31.
XRP also dropped back to its support of $0.33 falling by 8.7% on a daily scale. Similar, metrics was observed on all the other altcoins as it is an evident effect of the drop in Bitcoin prices
Sea of Red as All Altcoins Drop (coin360)
Bitcoin Bears Might Cry ‘I told you so’
Tone Vays a leading trade analyst comments that the ‘smackdown’ was ‘expected.’ According to him, it is still too early to call a confirmed bottom on Bitcoin. He would ‘choose to rather be late than sorry.’ Vays called that there is a possibility of further drop and a bounce back from $4000 levels.
On the other hand, firm Bitcoin believers like A. Pompliano, the Co-founder & Partner at Morgan Creek Digital, maintained their conviction towards buying and ‘HODLing’ larger amounts of it.
The rise on 2nd April was surprising as while the bottom in Bitcoin might have kicked, the analysts suggested that fundamentals were still weak and a massive correction was possible. Hence, as Bitcoin seems to hold the $5000 level, it will be interesting to see if the traders ‘HODL’ more or seek to buy cheaper.
What will be the right strategy to trade now? Should the bulls be followed or traders must give up under the bearish pressure? Please share your views with us. 
The post Crypto-Market Update: Bitcoin [BTC] Falls Back to $5000, LTC, BCH and TRX ‘Hodlers’ Incur Even Heavier Losses appeared first on Coingape.
Source: CoinGape

Asset Providers Can Now Issue Security Tokens on Tron Blockchain

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Asset Providers Can Now Issue Security Tokens on Tron Blockchain
The partnership between Tron and Swarm will offer asset providers a possibility to issue security tokens on the Tron network.
Asset Providers Can Now Issue Security Tokens on Tron Blockchain

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Source: CoinSpeaker

Tron’s Sun Network to Go Live This May Along With the DAppChain

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Tron’s Sun Network to Go Live This May Along With the DAppChain
Next month, Tron Foundation will launch its Sun Network in a bid to enhance the overall performance of the Tron network. The solution includes development of “cross-chain infrastructure” and DApp sidechains.
Tron’s Sun Network to Go Live This May Along With the DAppChain

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Source: CoinSpeaker

Tron is Set to Collaborate with Ethereum This Year Already, Says Justin Sun

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Tron is Set to Collaborate with Ethereum This Year Already, Says Justin Sun
During an interview on The Crypto Chick podcast, Justin Sun hinted at future collaboration with Vitalik Buterin’s Ethereum.
Tron is Set to Collaborate with Ethereum This Year Already, Says Justin Sun

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Source: CoinSpeaker

Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

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Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day
On Tuesday, Bitcoin price jumped nearly 20% in just under an hour registering massive recovery after heavy consolidation. Along with Bitcoin, altcoins too have joined the bull show.
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

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Source: CoinSpeaker

Bitcoin [BTC] Breaks $4700, Crypto Market Cap Crosses $160 billion; the Bulls Arrive Strongly

The bulls have spoken, and Bitcoin has yielded. The Price of Bitcoin broke past the $4200 resistance at around  5: 00 hours UTC on April 2, 2019. The price of Bitcoin is trading at $4725; it is trading 14.5% higher on the daily scale.
The dominance of Bitcoin over the cryptocurrency market also increased from 50.1% on 1st April to 51.6%. The total market capitalization increased by 12% surging the cryptocurrency markets with $17.65 billion. The total market capitalization of the crypto-markets crossed the $150 billion; at 5: 30 Hours UTC the total market capitalization of the cryptocurrency market is $163.7 billion.
BTC/USD Chart on Coinbase (TradingView)
A bullish Marubuzo single bullish Marubuzo was observed on the 4-hour chart with a rise of $600 per BTC. The surge comes at the end of a double bottom in over two months Bitcoin (BTC). The break above the $4400 confirms the bulls. However, the RSI Index was around 90 at the time of the rise on the daily scale. Hence a short term correction in price to $4450 can be observed. Nevertheless, on the upside a break above $5200 is also possible.
Altcoins in Green As Well
The altcoins which were awaiting a long signal from Bitcoin from a long time also traded higher w.r.t. US dollars. The highest gainers amongst top cryptocurrencies were Tron (11.21%), EOS(8%), Litecoin (8.04%), IOTA (9.75%), and Monero (8.78%).
Atltcoins in Green on 2nd April 2019 (Coin360)
However, as the price of Bitcoin shot up by more than 10% in an instant, the altcoin prices dropped w.r.t to BTC. This might hurt the sentiments of altcoin HODLer’s and traders temporarily. However, there were gains observed in all altcoins w.r.t. FIAT currency. Moreover, the rise in Bitcoin (BTC) will reaffirm the growth metrics of the cryptocurrency and blockchain industry as a whole.
Altcoins/BTC Trading on poloniex
Hence, the markets have favored the Bitcoin Maximalists with handsome rewards. Nevertheless, several altcoins have already gained bullish momentum in recent times. Therefore, Bitcoin’s rise might be a strong positive cue for the altcoins as well.
The post Bitcoin [BTC] Breaks $4700, Crypto Market Cap Crosses $160 billion; the Bulls Arrive Strongly appeared first on Coingape.
Source: CoinGape

Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem
Recently, TRON has partnered and acquired various leading firms in the blockchain arena in an attempt to create the best infrastructure for a practically decentralized Internet. Now the company takes over blockchain App store CoinPlay.
Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Source: CoinSpeaker

Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service
New BitTorrent Live streaming service will let users create their live content and find other people with similar interests.
Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Source: CoinSpeaker

Bitcoin and Ripple Ranked Way Below Top Cryptocurrencies in Chinese Rankings

The Chinese Government agency, the Center for Information and Industry Development (CCID) has released its ranking of the public blockchain on the basis of their technical prowess. Thirty-Five cryptocurrencies were technically evaluated: the three most popular Dapps platforms EOS, Tron and Ethereum attained the top three positions.
According to the press release by CCID, it is reported that the CCID Global Public Chain Technology Evaluation Index is released by CCID (Qingdao) Blockchain Research Institute. The evaluation work is organized and implemented by CCID Blockchain Research Institute, CCID Think Tank and China Software Testing Center participate.
CCID Rankings
The top 15 Blockchain Rankings According to CCID
CCID Rankings are released every month, this was the 11th release of the ranking since its beginning in May 2018. The evaluation model is consistent with the previous issue and is still evaluated in three main areas: basic technology, application, and innovation.
Ethereum has risen to the third place after the Constantinople update and also gained three positions concerning the Basic Technology Index (a sub-Index of the rankings) of the CCID rankings.
On the innovation front, Bitcoin is still ranked first followed by Ethereum (ETH), EOS, Litecoin, and Application Chain. According to CCID, Innovation focuses on the continuous innovation of the public chain. The survey points include developer size, code update, and code impact. Bitcoin’s Lightning Network (LN) has developed enormously since 2018.
The Public Evaluation Index forms an authentic reference for the people around the world as its independent evaluation confirms their authenticity and also provides a scale of comparison for the developers.
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Source: CoinGape

Max’s Corner 5: Hard Fork Special

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Max’s Corner 5: Hard Fork Special

With all the buzz going around about hard forks this week we thought it would only be fitting if we dedicated this week’s column to the three biggest hard forks on our radar.

Max’s Corner 5: Hard Fork Special

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Source: CoinSpeaker

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

CoinSpeaker

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

The new Tron hard fork brings concrete improvements like 50% improved network performance, multi-sig features, better safety, and dynamic energy adjustment.

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

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Source: CoinSpeaker

EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report

CoinSpeaker

EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report

The latest CCID rankings suggest that the tokens with blockchain networks that let developers create smart contracts and run dApps are better than several other major cryptos in terms of applicability. EOS, Ethereum and Tron ranked highest.

EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report

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Source: CoinSpeaker

Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

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Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

This week Tron is going to hard fork its network to its 3.5 version and offer four new features for institutional users.

Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

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Source: CoinSpeaker

Game of Trolls: Justin Sun Sets Up Valentine’s Day Surprise Especially for Vitalik Buterin

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Game of Trolls: Justin Sun Sets Up Valentine’s Day Surprise Especially for Vitalik Buterin

Buterin and Sun seem to continue trolling one another. This time, amid the upcoming Saint Valentine’s Day, Tron founder is preparing some surprise for Ethereum creator.

Game of Trolls: Justin Sun Sets Up Valentine’s Day Surprise Especially for Vitalik Buterin

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Source: CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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Source: CoinSpeaker