Crypto Market Targets $300 Billion Cap: Bitcoin Cash, EOS, TRX, ADA Analysis

The total crypto market cap gained momentum and broke the $260.0B resistance area.
Bitcoin price broke the main $9,000 resistance area and traded close to $9,400.
EOS price traded nicely above the $6.50 and $6.75 resistance levels.
Bitcoin cash price is trading above the $420 level and it could continue to rise towards $440.
Tron (TRX) price broke the $0.0330 resistance and it might continue to rise.
Cardano (ADA) price is slowly moving higher towards the key $0.1000 resistance.

The crypto market cap is surging above $265.0B, with sharp gains in bitcoin (BTC) and Ethereum (ETH). EOS, Tron (TRX), BCH, ripple, ADA, BNB, and other altcoins are trading with a positive bias.
Bitcoin Cash Price Analysis
After a successful close above the $400 level, bitcoin cash price climbed higher steadily against the US Dollar. The BCH/USD pair broke the $410 and $420 resistance levels. The pair is now trading nicely above the $425 level and it might continue to rise in the coming sessions.
On the upside, an initial resistance is near the $432 level, above which the price is likely to test the $440 resistance. On the downside, an initial support is near the $420 level, followed by $410.
EOS, Tron (TRX) and ADA Price Analysis
EOS price gained significantly after it broke the key $6.50 resistance level. The price climbed above the $6.75 resistance and the bulls were successful in a close above the $7.00 level. The next key resistances are near the $7.10 and $7.12 levels.
Tron price is rising slowly and it recently traded above the $0.0330 level. TRX price is currently climbing and it could test the $0.0340 resistance level. If there are more upsides, the price is likely to test the $0.0350 level in the coming sessions.
Cardano price is currently trading above the $0.0900 level, with a positive bias. ADA price must break the $0.0950 level to test the main $0.1000 resistance levels. If the bulls succeed in clearing $0.1000, there could be sharp gains towards the $0.1100 level.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move after there was a break above the $255.0B and $260.0B resistance levels. The market cap even broke the $270.0B level and recently tested the $278.0B zone. It corrected lower, but the $264.0B level acted as a strong support. The current price action is positive, suggesting more gains above the $275.0B and $280.0B levels. If all goes well, the crypto market could even test the $300.00B level in the coming days. Therefore, more gains are possible in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.
The post Crypto Market Targets $300 Billion Cap: Bitcoin Cash, EOS, TRX, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Rallies $15 Billion: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap gained momentum and broke the key $252.0B resistance area.
Bitcoin price surged above the $8,500 and $8,650 resistance levels.
Litecoin (LTC) price remains in a strong uptrend and is trading nicely above $134.
Bitcoin cash price is grinding higher towards the $420 and $425 resistance levels.
EOS price is back above the $6.50 level and it may even break the key $6.75 resistance area.
Stellar (XLM) price is about to gain momentum above the $0.1250 level.

The crypto market cap gained sharply, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as LTC, ripple, bitcoin cash, EOS, TRX, and stellar are also moving higher.
Bitcoin Cash Price Analysis
Bitcoin cash price finally broke the $400 resistance against the US Dollar to move into a positive zone. The BCH/USD pair even cleared the $405 resistance and it is currently trading above the $410 level. An immediate resistance on the upside is near $420, above which there are chances of more gains above $425.
On the downside, the $410 level might act as a decent support, below which there is a risk of a drop back towards the $400 or $395 support.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price settled above the $130 level and it is currently moving higher. LTC price is currently up more than 3% and it is likely to climb above the $135 and $138 levels. The main resistance for the bulls is near the $140 level. On the downside, the recent resistance at $130 could provide support.
EOS price managed to gain traction above the $6.45 and $6.50 resistance levels. The price is now trading nicely above the $6.60 level and it might continue to rise in the near term. The next key resistances are near $6.70 and $6.75.
Stellar price is trading well above the $0.1200 support level and it is slowly moving higher. XLM price is about to break the $0.1250 resistance and it could continue to rise towards the $0.1280 and $0.1300 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent upward move from the $246.0B swing low. The market cap broke the main $250.0B and $252.0B resistance levels. It added more than $10B and grinded above the $260.0B level. A swing high was formed near $263.1B and it is currently correcting lower. An immediate support is near the $257.0B level, followed by a connecting bullish trend line with support near the $255.0B level. As long as the market cap is above the $250.0B pivot level, there could be more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions.
The post Crypto Market Rallies $15 Billion: Bitcoin Cash, Litecoin, EOS, XLM Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Price Jumps Above $8,700 following Binance US Closure

Bitcoin is becoming a hedging instrument even against the rest of the cryptocurrency market.
The largest cryptocurrency profited as much as 6 percent on Friday to close above $8,700. At the same time, other leading cryptocurrencies, such as Ethereum, Litecoin, and EOS, trended in negative territory. The massive contrast between the bitcoin and the rest of the cryptocurrency market indicated a capital flight. Traders suggestively exchanged a bulk of altcoins for bitcoin as a safety measure against the latest Binance announcement.
The Malta-based cryptocurrency exchange, which accounted for the highest global cryptocurrency volume, announced on Friday that it is barring US customers from accessing its services. The announcement indicated that Binance would lose about 15 percent of its net monthly traffic, amounting to over 40 million customers. The firm’s sudden shutting down reportedly prompted the US customers to withdraw a large number of altcoins, which included Binance’s very own native token BNB coin.
Binance Coin (BNB) Dropped Close to 18% on Friday | Image Credits: TradingView.com
The BNB price dropped by as much as 17 percent against the BTC on Friday.
Bitcoin against Altcoin Liquidity Crisis
Alex Krüger, a prominent market analyst, said today that Binance’s issues with its US customers are bullish for bitcoin. He cited Tether, the company behind the controversial stablecoin USDT, to explain the correlation of bitcoin with the rest of the altcoin market. In April 2019, the New York Attorney General’s office on April 25 announced that it had obtained a court order against Tether and its associate firm BitFinex for allegedly hiding $850 million loss from USDT investors.
“Upcoming Binance’s issues with US residents = Bullish for BTC,” wrote Krüger. “This was even clearer than with April’s Tether “FUD.” Speculators are supposed to act on meaningful news, not just theorize about it.”

Upcomimg Binance's issues with US residents = Bullish for $BTC. This was even clearer than with April's Tether "FUD". Speculators are supposed to act on meaningful news, not just theorize about it. https://t.co/7bAfEOiXTW
— Alex Krüger (@krugermacro) June 14, 2019

Also, in October 2018, USDT dropped its dollar-peg to fall to its 18-month low of $0.92. The slide in the stablecoin pushed bitcoin $600 higher on BitFinex.
What’s Now for Bitcoin
The bitcoin market’s intraday arrangements point to a small downside correction, according to its overbought Relative Strength Indicator on Coinbase daily chart. Nevertheless, market analyst Josh Rager suggest that the cryptocurrency has fuel to retest $8,750, given it manages to float above $8,000.
“Break and close above $8,948 is bullish,” he added.

$BTC…
Nice break up out of that rising wedge, big players painted it perfect on the chart to trap many into shorting followed by liquidations
Would like to see a pullback to $8500s before another retest to break above $8750
Break & close above $8948 is bullish pic.twitter.com/bAlkGNFxz2
— Josh Rager (@Josh_Rager) June 15, 2019

Pseudonymous analyst BitBit believes bitcoin is due for a much larger upside move than what is suggested by Rager. He measured the cryptocurrency based on monthly performance, stating that it could continue its bull run to touch the five-figure status.
“I’m saying above 10k by the end of the month, might even touch 11k,” said BitBit.
The bitcoin price was trading at $8,645 at the time of this writing.
The post Bitcoin Price Jumps Above $8,700 following Binance US Closure appeared first on NewsBTC.
Source: New feedNewsBTC.com

Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens

Coinspeaker
Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens
Even though Binance currently gets approximately 15% of traffic from U.S. customers, they announced that they will stop serving US individual and corporate customers on Binance.com in September.
Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance Coin records yet another milestone in 2019 as BNB’s market cap crosses $5 billion

Binance coin [BNB] added another feather to its cap after it surged and achieved a market cap of over $5 billion. The achievement comes the same year as when Binance launched its own decentralized exchange, DEX.
Binance today, is one of the world’s biggest crypto-exchanges in terms of trading volume. The exchange’s performance has had a positive influence on its native token, Binance Coin. Binance, alongside Coinbase, also enjoys the highest web traffic among all the world’s crypto-exchanges.
Source: CoinMarketCap
The overhead chart depicts BNB’s elliptical surge in terms of both value and market cap. BNB maintained a stable valuation throughout much of the year, even during the crypto-winter when a majority of coins dipped. In fact, Binance’s native token has surged by over 450% in 2019. At press time, BNB was priced at $35.69 with a 24-hour trading volume of $552.52 million. It had a market cap of $5.04 billion.
The main reason behind BNB’s surge is its migration from ERC-20 to Binance’s own blockchain. Also, as already discussed, Binance’s own performance has rubbed onto the performance and valuation of Binance Coin. Additionally, the migration of many other digital coins to Binance blockchain has also contributed to the success and growing popularity of the two.
Source: TradingView
The landmark was celebrated by many of Twitter, with a user commenting,

Congratulations to @binance.$BNB just broke $5 Bil. Market cap.
This is just the beginning
Up next $40????
Slowly but surely

#BUYBNB
— DR. (@Dr_Yilmaz_PhD) June 13, 2019
Changpeng Zhao, CEO of Binance, was however humble and gracious about the achievement. He tweeted,

Lol, found out through this tweet. Focus on #buiding.
— CZ Binance (@cz_binance) June 13, 2019
The post Binance Coin records yet another milestone in 2019 as BNB’s market cap crosses $5 billion appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Starts Fresh Increase: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap found support near $236.0B and jumped sharply above $245.0B.
Bitcoin price broke the key $8,000 resistance level to move into a positive zone.
EOS price broke the $6.40 and $6.50 resistance levels to start a decent recovery.
Binance Coin (BNB) is up more than 5% and it recently broke the $35.00 resistance.
Bitcoin cash price is above to break the $400 barrier to move into a bullish area.
Tron (TRX) price gained nearly 6% and it recently broke the key $0.0320 resistance.

The crypto market cap gained more than $10B, with positive moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), ripple, litecoin and EOS are currently gaining momentum.
Bitcoin Cash Price Analysis
After a major downside correction, bitcoin cash price found support above $360 against the US Dollar. The BCH/USD pair started a steady recovery and recently broke the $380 and $390 resistance levels. The pair is currently trading near $400, above which the bulls are likely to take control in the near term.
The next key resistances are near $410 and $420. If there is a downside move, the price might find bids near the $390 or $385.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price remained stable above the $6.20 level and it recently recovered higher. The price broke the $6.25 and $6.32 resistance levels. Moreover, there was a break above the $6.45 and $6.50 resistance levels. The next stop for the bulls could be $6.60 or $6.65.
Tron price is gaining bullish momentum and it is currently trading up more than 5%. TRX price broke the $0.0300 and $0.0320 resistance levels. It is currently trading above the $0.0330 level and the next stop could be $0.0340. The main resistance for the bulls is near the $0.0350 level in the coming sessions.
Binance coin (BNB) is up more than 5% and it recently cleared the $34.00 and $35.00 resistance levels. BNB price is now consolidating above the $35.00 level, with an immediate resistance near the $35.40 and $35.50 levels. The main hurdle is near the $36.20 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a major upside break above the $236.0B and $240.0B resistance levels. The market cap broke the $246.0B resistance and tested the next important resistance near the $252.0B level. At the moment, the market cap is confined in a range and it might surpass the $252.0B resistance area. The next major resistance could be $258.0B or $260.0B. If there is a downside correction, the $244.0B or $242.0B level might act as a support. Overall, there are chances of more gains in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.
The post Crypto Market Starts Fresh Increase: Bitcoin Cash, BNB, EOS, TRX Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto-Market Top Weekly Performers: Bitcoin, Litecoin, XRP, Bitcoin SV, ATOM and Binance Coin

Bitcoin [BTC] volatility has increased over the past few weeks. The last 30-Day Estimated of volatility in Bitcoin is around 5.04%.  Moreover, the volatility has usually been inclined towards the positive side.
Nevertheless, the momentum has shifted slightly towards the bearish side as the traders look for a pullback. However, the pullback was limited at around $7500 during the past week. The trading range was usually around $7800-$7900 during the week.
This was also one of the first weeks since February when Bitcoin recorded a significantly long red candle. The total market capitalization of the market has been around $250 billion, with Bitcoins dominance around 55.5%.
Also Read: Bitcoin Mining Report By Coinshares and Fidelity Breaks Rhetoric on Profitability and Geo-fencing
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $8735
Closing Price: $7901
The weekly Loss: 9.61%
Weekly High/Low: $8745/$7432
Litecoin [LTC]
Litecoin has been one of the best performing coins of the week, with an upwards momentum. The market is possibly expecting gains because of the halving event, which is due to occur in less than two months.
The bullish momentum in the cryptocurrency market seems to have cooled down with Bitcoin [BTC] looking down towards a pullback, Litecoin gains have maintained the positive energy in the market.
LTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $114
Closing Price: $117
The weekly gains 2.6%:
Weekly High/Low: $121/$97.5
XRP
XRP had an exciting week with volatility induced by rumors and speculation. XRP broke above the 0.000054 BTC mark as news of Ripple acquiring MoneyGram started to spread.
Nevertheless, the price held its gains above $0.4. Moreover, the yearly benefits on XRP have been limited this year contrary to its performance and the large community of investors around the world. This has been probably affected by centralized coins being designed by JPMorgan and Facebook.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $0.44
Closing Price: $0.40
The weekly loss: 9.04%
Weekly High/Low: $0.464/$0.382
Bitcoin SV [BSV]
Bitcoin SV [BSV] continued its gains at the start of the month as it seems to be consolidating at the high above $200. In a week more than a fort-night BSV has gained from $60 to trade above $200. The price was accentuated with another rumor on Satoshi Nakamoto’s identity. While there has been volatility around it, the momentum has been towards the positive.
BSV/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $192
Closing Price: $195
The weekly loss: 3.14%
Weekly High/Low: $237/$173
Cosmos (ATOM)
Cosmos has been one of the few cryptocurrencies with limited weekly loss as the positive momentum on it was maintained at the beginning of the month as well.
ATOM/USD 1-Day Chart on Kraken (TradingView)
Opening Price: $6.4
Closing Price: $6.11
The weekly loss: 0.05%
Weekly Low/High: $5.64/$7.2
Binance [BNB] Coin
Binance [BNB] Coin has been trading news the $30 region. The Exchange backed token was one of the best performing coins of the first quarter in 2019, was affected after the Binance Hack. However, the recovery has been consistent as none of the users were affected.
The scale of economy in the cryptocurrency market and the growth of the Exchange has been faring well of Binance coin holders as well.
BNB/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $33.1
Closing Price: $31.6
The weekly loss: 4.5%
Weekly High/Low: $33.2/$28
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 9th June 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, Litecoin, XRP, Bitcoin SV, ATOM and Binance Coin appeared first on Coingape.
Source: CoinGape

Binance Drive For Crypto Dominance Is Massive For BNB, Adds 1.8%

BNB up 1.8 percent
Changpeng Zhao and the team to launch a Stablecoin

Ambitious, Binance wants to conquer the crypto world. There is a Launch Pad for crowdfunding, is active and now plans of launching a Stablecoin are in progress. While at it, BNB is rebuffing sellers, adding 1.8 percent in 24 hours.
Binance Coin Price Analysis
Fundamentals
Vitalik Buterin is concerned. It’s not about Ethereum or what regulators think of ICOs. The muzzle is on Binance and their role in the crypto ecosystem. In two short years, Binance has bulldozed its way up to be a reliable and secure exchange.
Changpeng Zhao and team abide by blockchain principles, country hoping and seeking for jurisdictions where laws are supportive of innovation and open to new technology. Towards that end, Binance settled in Malta. However, they have a branch in Jersey for trading BTC and ETH against Euros and GBP. Furthermore, they have a presence in Uganda where traders can exchange coins for the Ugandan shillings and other crypto assets.
Because of this, Vitalik says Binance now wields too much power. Changpeng Zhao may be open to criticism. However, his decision to single-handedly obliterate BSV is worrying. Unfazed, Binance is trudging on. This time, their goal is to commandeer the burgeoning Stablecoin turf.
Even though Tether is the undisputed king, Binance says their coin will be backed by alternative fiat currencies apart from the USD to reflect diversity. It Wei Zhou, the Chief Financial Officer of the crypto exchange, said:
“Our business decisions are made with our users in mind. The goal for issuing a GBP Stablecoin is to provide users with more options and more choice; to diversify the Stablecoin assets for the ecosystem. BGBP will be issued on the Binance Chain, which offers an easy and fast way to tokenize.”
Candlestick Arrangements

From the chart, the path of least resistance is upwards. Perched at seventh, Binance coin (BNB) bulls seek to print new highs. Changing hands at $31.76, BNB is up 1.8 percent in the last 24 hours, rewind losses of this week.
Since the trend is up and buyers are in control despite this week’s blips, aggressive traders can buy the dips. It’s easy to see why. There is a double bar bull reversal pattern from $30. Propelling the expansion are high trading volumes.
Even so, conservative traders should wait for a conclusive close above May 30th top at $39. After that, they can tune entries in smaller time frames while targeting $70.
Technical Indicators
Leading this trade plan is May 30th candlestick. It is extensive with high trading volumes of 4.1 million. As a result, any up-thrust confirming bulls of the last five months driving prices above $38 must be with high participation.
Similarly, losses below $30 confirming bears of May 30th must be with high volumes. That will precipitate a sell-off with targets at $25 and $17.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post Binance Drive For Crypto Dominance Is Massive For BNB, Adds 1.8% appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance Coin [BNB] a perfect example of how cryptocurrencies have changed fundraising, says CFO Wei Zhou

Wei Zhou, Chief Financial Officer at Binance, spoke at the Money 2020 conference and outlined how tokenization has changed the way to raise money. Zhou stated that tokenization has gained traction ever since Bitcoin started going mainstream.
He added that the world had entered a tokenized world ever since Bitcoin gained mainstream attention, which happened over the last few years. Zhou further said,
“I think what we witnessed through the Ethereum blockchain enabled by the ERC20, it has enabled the creation of the smart contract and what has allowed for at least one type of use-case, is basically raising capital on the blockchain.”
ERC20 is one of the most most significant tokens today, considered as a technical standard used for almost all smart contracts on the Ethereum blockchain for token implementation.
Additionally, Zhou said that ERC20 tokens have not only allowed for users to raise capital on the blockchain, but it has also led to the development of many types of tokens like the utility token, security token, and payments token. Further, Binance Coin is one such utility token that serves multiple use-cases, one of them being a 50% off when trading.
Zhou added,
“We have more tokens in the world and that is something that did not exist in the world prior to the ERC20 chain, and what that has allowed companies to do is to use a different form of fund raising.”
Unlike the traditional way of raising capital, cryptocurrencies have changed the way to raise a token, Zhou said, adding that Binance Coin was a perfect case study for the same.
Binance Coin was an ERC20 token previously, but it has since migrated to its own chain and has allowed Binance to conduct one of the most successful IEOs in the cryptocurrency ecosystem. Projects that have migrated have seen a massive surge in trading volume of their respective tokens.
Binance Coin has been the best performing asset in 2019 so far. It has surged by over 350% since the start of the year, and is currently sitting as the seventh largest cryptocurrency on coin charts.
The post Binance Coin [BNB] a perfect example of how cryptocurrencies have changed fundraising, says CFO Wei Zhou appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Price Lost $700 and Dropped Below $8,000 in Just a Couple of Hours

Coinspeaker
Bitcoin Price Lost $700 and Dropped Below $8,000 in Just a Couple of Hours
In just a couple of hours, Bitcoin price fell below $8,000. Some traders believe that it happened due to some market manipulations performed by a BTC whale.
Bitcoin Price Lost $700 and Dropped Below $8,000 in Just a Couple of Hours

Continue reading at Coinspeaker
Source: CoinSpeaker

Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?

Coinspeaker
Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?
In this post, by blockchain expert and professional tech researcher Gregory S Mathew, you’ll find what Initial Exchange Offering (IEO) is, how it differs from ICO and why this new fundraising model is widely considered to be crypto industry’s next disrupter.
Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin HODL Joy Was Short-Lived as Price Falls to $8,285 with Overall Market Tumbling

Coinspeaker
Bitcoin HODL Joy Was Short-Lived as Price Falls to $8,285 with Overall Market Tumbling
Bitcoin price crash dragged down the prices of most major altcoins, with the prices of all top 20 (by market cap) crypto assets currently in the red.
Bitcoin HODL Joy Was Short-Lived as Price Falls to $8,285 with Overall Market Tumbling

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance Officially Launches Margin Trading for Five Selected Cryptos

Coinspeaker
Binance Officially Launches Margin Trading for Five Selected Cryptos
Binance had hinted that it would introduce margin trading on its platform for several months but the long-awaited feature is now live with margin trading capabilities available for Bitcoin, XRP, Binance Coin, TRON, and Ethereum.
Binance Officially Launches Margin Trading for Five Selected Cryptos

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Tumbles $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap jumped to a new monthly high at $276.0B before a strong decline.
Bitcoin price declined sharply below the $8,600 and $8,400 support levels.
EOS price is down around 8% and it recently broke the $7.800 and $7.500 support levels.
Binance Coin (BNB) traded below the $33.20 support level and it could test $31.50.
Bitcoin cash price is down 10% and it recently broke the $450 and $440 support levels.
Tron (TRX) price trimmed most gains and it is currently trading below the $0.0325 support.

The crypto market cap declined sharply below $255.0B, with nasty declines in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), ripple, litecoin and EOS are currently under pressure.
Bitcoin Cash Price Analysis
After a strong upward move above the $450 and $460 levels, bitcoin cash price topped near the $480 level against the US Dollar. The BCH/USD pair started a strong decline and broke the $450 support level to enter a bearish zone. The pair even broke the $440 support level and registered 10% losses.
An immediate support is near the $420 level, below which the price might test the $405 or $400 support levels. On the upside, the previous supports near $450 are likely to act as a barrier for the bulls.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price failed to stay above the $8.00 support level and declined sharply below the $7.80 support level. The price even broke the $7.50 support level and it is currently down around 8%. An immediate support is near the $7.30 level, followed by the $7.20 level.
Tron price trimmed most of its gains and declined below the $0.0350 support level. TRX price is down around 10% and it is now trading below the $0.0320 support level. The next key support on the downside is near the $0.0300 level.
Binance coin (BNB) is failed to stay above the $34.00 support level and recently declined nearly 7%. BNB price traded below the $33.20 support level and it could continue to move down towards the $31.50 or $31.20 support levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was another increase to a new monthly high at $276.1B. However, the market cap struggled to remain in a positive zone and declined sharply below $265.0B and $255.0B. There was a break below the key $250.0B support and a bullish trend line. The recent decline was protected by the 100 SMA, but there is a risk of more losses in the near term. Therefore, upsides are likely to remain capped and there could be more losses in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.
The post Crypto Market Tumbles $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

New Tweet ‘Binance 2.0 is Ready at 90%’ Pushes Binance Coin (BNB) Price Above $33

Coinspeaker
New Tweet ‘Binance 2.0 is Ready at 90%’ Pushes Binance Coin (BNB) Price Above $33
Binance, one of the world’s crypto exchanges, is testing the patience of its followers with the 2nd mysterious tweet about Binance 2.0.
New Tweet ‘Binance 2.0 is Ready at 90%’ Pushes Binance Coin (BNB) Price Above $33

Continue reading at Coinspeaker
Source: CoinSpeaker