Crypto Market Wrap: IOTA Defies Market Correction With 16% Surge

Crypto markets cool off; IOTA cranking while Bitcoin, BNB, Tron and Monero start to slide.
Market Wrap
There has been a bit of a cooling off for Bitcoin and crypto markets following solid gains over the past couple of days. Red has seeped into the charts as losses begin to accelerate during Asian trading today. This has knocked $7 billion off total crypto market capitalization as it slides back towards $265 billion.
From a high of $8,760 a few hours ago Bitcoin started to fall back, dropping 3 percent to below $8,500. The selloff has accelerated over the past two hours and may well result in a fall back to resistance at around $8,200. The big 30 percent pullback is still looming and it may have just started to happen.
Ethereum has followed suit, dropping a similar amount at the time of writing and falling back to $263. ETH still remains coupled to the movements of BTC, especially on the downside.
The top ten is all red at the moment with altcoin losses starting to mount up. Only XRP is surviving right now with no losses on the day but that will definitely change if markets drop further. Binance Coin has lost the most with a 5 percent slide back to $32 while Litecoin is back at $111 losing almost 3 percent.
There is only one altcoin surging in the top twenty today. IOTA has pumped over 16 percent as the Tangle team announces the next evolutionary stage for the platform. A move closer to full decentralization with ‘Coordicide’ has driven IOTA fomo today as it gets close to $0.50.

IOTA Announces Coordicide Solution: A Distributed Ledger Technology which Removes the Barriers to Real-World Adoption. https://t.co/g7qdimiDewMore details on https://t.co/Gx8P2tMgtH#IOTA #Coordicide
— IOTA (@iotatoken) May 28, 2019

Big dumps are everywhere else with Tron, Monero and Ethereum Classic dropping 5-6 percent. The rest are also starting to fall back now with a couple of percent lost each.
FOMO: Aurora Back Up
AOA must be one of the most pumped and dumped altcoins in the top one hundred. Today it is back up 24 percent for no apparent reason again. Pundi X has made 15 percent as former member of the governing board of the Ethereum Foundation, David Ben Kay, gets appointed as President of the Function X Foundation. IOTA is the third altcoin in double digits at the moment. At the messy end of the top one hundred is Verge and Aelf dropping 7 percent each.
Total market capitalization 24 hours, Coinmarketcap.com
Total crypto market capitalization has shrunk by $7 billion in 24 hours as it returns to $267 billion. Bitcoin has been largely responsible for the decline as altcoin losses are largely comparable. On the week, however, markets are still up by almost 7 percent so the minor pullback is just that – at the moment.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: IOTA Defies Market Correction With 16% Surge appeared first on NewsBTC.
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Crypto Market Wrap: Bitcoin Cash Surges to Retake Fourth Spot

Crypto markets back in the green; Bitcoin Cash leading the charge with BNB and ONT close behind.
Market Wrap
The news for the weekend is good – there has been no massive dump and yesterday’s pullback was just that as crypto markets recover again today. Markets are moving back up again today as total capitalization gets back to $175 billion and Bitcoin refuses to break support.
BTC falling back below $5,000 yesterday set alarm bells ringing throughout the crypto community as fears of a final capitulation started to fester. What actually transpired was a bounce off $5k and recovery back to $5,100 where Bitcoin has spent the best part of the past 24 hours.
Ethereum has been pretty static throughout and is still stuck at $165. ETH is back where it was this time last week but volume has trailed off to under $6 billion which is a sign of weakness so further losses are expected unless there is a big push by Bitcoin.
The top ten is largely green at the time of writing as the majority of altcoins recover from yesterday’s losses. Bitcoin Cash has made a big move of 7% to flip both Litecoin and EOS for fourth spot with a market cap over $5 billion as BCH reaches $284. Binance Coin is the second best performer in the top ten adding 6% on the day as BNB reaches $18.30.
The top twenty is also in recovery mode with the biggest gains coming from Ontology and Tezos at around 6%. Monero is the only altcoin in the red in this sector at the moment as XMR fails to make any gains on yesterday.
FOMO: Aurora Back Pumping
There are no major fomo drives going on at the moment but the top performer in the top one hundred is AOA on another pump. The 18 percent gain on the day is nothing really remarkable for this crypto as it is up and down like the proverbial yoyo. Nebulas is also getting a dose of fomo as it adds 16 percent today and Enjin Coin is not far behind with a similar gain.
Yesterday’s two pumps are predictably dumping today as Lambda and Crypto.com Chain drop 23 and 18 percent respectively. This is a clear indication that these altcoins are not being pumped by anything fundamental as losses are instant and very predictable.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization is back up to $174 billion as another $4 billion flows back in. Volume is at its lowest level for over a week at $43 billion indicating that the recent action could be slowing down and buyers are running out of steam. Bitcoin’s market dominance has reached 52% which is the highest it has been for at least a month.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Bitcoin Cash Surges to Retake Fourth Spot appeared first on NewsBTC.
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Crypto Market Wrap: Monero Leads Markets in Weekend Consolidation

Crypto markets consolidating at the weekend; Minimal movement but Monero leading the way.
Market Wrap
Crypto markets are still holding up as we enter the weekend. Gains made in Tuesday’s epic pump have held and total market capitalization remains above $175 billion as the majority of crypto assets are in the green again today.
Bitcoin has remained over $5,000 for the best part of the past 24 hours. It is currently up a percent on yesterday’s prices and is trading at $5,030 at the time of writing. Volume, however, continues to shrink and has dropped to around $16 billion indicating that the momentum is waning.
Ethereum is still stagnant and hasn’t moved for the past few days. Currently priced at $165, ETH appears to be poised for further gains but is unlikely to move much unless Bitcoin does. Following its big pump yesterday, XRP has corrected and dropped a couple of percent on the day, falling back to $0.358.
The top ten is totally flat today with virtually no movement for any of the major crypto assets. Looking further down the charts at the top twenty there is a little more going on. Monero has picked up the pace and added 6% on the day to reach $70. Tezos and NEO are also moving a little with 3 – 4 percent added each and the rest are pretty immobile right now.
FOMO: Aurora Pumps Again
AOA is one of those classic pump and dump altcoins that is up and down like the proverbial yoyo. Yesterday’s dump has turned into today’s pump as Aurora makes 50% in another price spike that will likely do the complete opposite tomorrow. Bitcoin Gold is also doing well today as it makes over 20% bringing prices close to $20.
There are no big dumps going on at the moment but the coin at the bottom of the bit one hundred is KuCoin Shares which has dropped 6.5%. Pundi X is also dumping yesterday’s gains in a predictable pattern.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization is currently at $175 billion which is the same as yesterday. There has been very little action over the past 24 hours and volume is shrinking fast, back to $50 billion today. The good news is that markets have held on to this week’s gains, the bad is that without further momentum things go fall back pretty quickly. Crypto winter is not over yet.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Monero Leads Markets in Weekend Consolidation appeared first on NewsBTC.
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Tron Expands Its Partner Network Listing Oracle, Aurora, Steemit and Others

CoinSpeaker

Tron Expands Its Partner Network Listing Oracle, Aurora, Steemit and Others

It seems that last year’s rumors were true and that ORACLE, a cooperation offering a comprehensive and fully integrated stack of cloud applications and platform services, has partnered with Tron (TRX) Foundation.

Tron Expands Its Partner Network Listing Oracle, Aurora, Steemit and Others

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Source: CoinSpeaker