Bitcoin & Crypto Market Cap Rising: LTC, BNB, BCH, TRX Analysis

The total crypto market cap broke a major resistance area near the $272.0B level.
Bitcoin price jumped more than 5% and broke the $10,600 resistance area.
Binance coin (BNB) price recovered above $28.00, but it struggled to surpass the $29.00 resistance.
Litecoin (LTC) price is still trading well below the $80.00 resistance area.
BCH price extended gains and traded above the $320 resistance level.
Tron (TRX) price struggled to climb above the $0.0180 resistance area.

The crypto market cap and bitcoin (BTC) are showing positive signs. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS might climb higher in the short term.
Bitcoin Cash Price Analysis
BCH price started a decent recovery from the $300 support area against the US Dollar. The BCH/USD pair climbed above the $315 level and recently surpassed the $320 resistance level. An immediate resistance is near the $330 level, but the main resistance is near the $340 level.
Conversely, if there is a fresh decline, the price might test the $310 level. The main support is near the $300 level, below which the price might turn bearish in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price remained well bid above the $27.00 level and recently recovered higher. BNB price broke the $28.00 resistance, but it seems like it is facing a strong resistance near the $29.00 level. The price is currently correcting lower and it might test the $28.00 support area.
Litecoin price is trading in a bearish zone below the $82.00 and $80.00 resistance levels. LTC price is currently consolidating above the $76.00 support, below which it could revisit the $72.00 support level. The next key support is near the $70.00 level.
Tron price recovered recently above the $0.0175 level, but it failed to post gains above the $0.0180 resistance level. TRX price is currently moving lower towards the $0.0170 support level. If there are more downsides, the price could decline towards the $0.0165 level in coming sessions.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $265.0B resistance levels. More importantly, the market cap climbed above a crucial resistance near $272.0B and a connecting bearish trend line on the same chart. It opened the doors for more upsides, with an immediate resistance near the $280.0B and $285.0B levels. The next major resistance area is near the $300.0B level. If there is a downside correction, the $272.0B and $270.0B levels might provide support. Moreover, the broken trend line at $265.0B could also act as a support. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
The post Bitcoin & Crypto Market Cap Rising: LTC, BNB, BCH, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Japan’s E-Commerce Giant Rakuten Launches ‘Rakuten Wallet’ Crypto Exchange

Coinspeaker
Japan’s E-Commerce Giant Rakuten Launches ‘Rakuten Wallet’ Crypto Exchange
Recently it has come to light that Rakuten has managed to launch its own cryptocurrency exchange called Rakuten Wallet.
Japan’s E-Commerce Giant Rakuten Launches ‘Rakuten Wallet’ Crypto Exchange

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin SV: one mining pool controls +50% of BSV hash power

Most of the assets enjoyed a lucrative period from April to June but the controversial Bitcoin SV faced a few “hiccups” along the way. Bitcoin SV went through a tumultuous journey this year, with the coin being delisted by major exchanges like Binance and Kraken, which led to its drop in rankings as well. However, […]
The post Bitcoin SV: one mining pool controls +50% of BSV hash power appeared first on AMBCrypto.
Source: AMB Crypto

Dash Core Group’s Ryan Taylor laments communication gap between Coinbase and DCG

Coinbase, the San Francisco-based cryptocurrency exchange, recently announced that the organization was “exploring” the idea of adding new virtual assets to its platform, a proposal which included Dash among 7 other cryptocurrencies. In a recent Q&A, Ryan Taylor, CEO of Dash Core Group, was questioned about the development of Dash in 2019 and his views […]
The post Dash Core Group’s Ryan Taylor laments communication gap between Coinbase and DCG appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap declined further and broke the $280.0B support area.
Bitcoin price is down more than 6% and it recently traded below the $10,800 support.
Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range.
BCH price performed nicely and jumped more than 5% to break the $340 resistance.
Tron (TRX) price is grinding lower towards the $0.0200 support level.
Cardano (ADA) price is currently recovering above the $0.0525 resistance level.

The crypto market cap and bitcoin (BTC) are extending losses below key supports. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB might correct higher.
Bitcoin Cash Price Analysis
Bitcoin cash price found support near the $330 level against the US Dollar. The BCH/USD pair started a fresh increase and broke the key $340 resistance level. The price is now trading near the $350 resistance and is already up more than 5% today.
If there are more gains, the price could test the $360 resistance level in the near term. On the downside, the previous resistance near the $340 level may now act as a decent support.
Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis
Litecoin price started a downside correction below the $92.00 and $90.00 support levels. LTC price is now trading near the key $85.00 support level and is consolidating in a range. It seems like the price is preparing for a nice upward move above the $90.00 resistance level. Conversely, a downside break below the $85.00 support may push the price towards the $80.00 support.
Tron price is still in a bearish zone below the $0.0215 and $0.0220 resistance levels. TRX price is trading well below $0.0210 and it seems like there could be another downside break below the $0.0200 support level. The next key support is near the $0.0192 level.
Cardano price tested the $0.0510-0.0515 support area and it is currently correcting higher. ADA price broke the $0.0525 level and it could continue to rise towards the main $0.0550 resistance level. The next key resistance is near the $0.0565 level.

Looking at the total cryptocurrency market cap 4-hours chart, there were further losses below the $300.0B level. The market cap even broke the $285.0B and $280.0B support levels, dragged by bitcoin’s slide. It seems like this week’s followed declining channel is acting as a strong catalyst for the bears. If the channel remains intact, there is a risk of more losses below the $275.0B and $270.0B support levels. More importantly, if bitcoin continues to decline, there is a risk of a sharp drop in Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.
The post Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Reverse Altcoin Season at the Brink of Collapse – Here’s What Analysts Predict for ‘Hodlers’

The beginning of the year saw Bitcoin [BTC] and altcoins deep in a bearish market as they tested their lows. The probability of their demise or rise was almost equal with them sharing similar dominance ratios.
However, in less than eight months into the year, the dynamics of the cryptocurrency markets have shifted vastly. Bitcoin’s dominance has grown to about 70%.
Altcoins Break Below Support Levels
Currently, the market capitalization of Bitcoin [BTC] is $210 billion, while the combined Market Cap of altcoins is about $95 billion. Major altcoins have broken below their support levels.
Ethereum [ETH] which broke below the 0.025 BTC support level was expecting a pullback. However, continued selling pressure has driven the price below the break-out level at the beginning of 2017 altcoin run. Ethereum’s price w.r.t. to Bitcoin is currently testing 28-month support levels.
ETH/BTC 1-Week Chart on Bittrex (TradingView)
Similarly, XRP has also broken below 0.00003 BTC and is back to $0.3 support level. XRP has continued to fall back to this level repeatedly this year. The price of XRP w.r.t. Bitcoin is around 0.000025 BTC. Moreover, on further downwards move the next support to XRP is near 0.000013 BTC.
XRP/BTC 1-Week Chart on Bittrex (TradingView)
Cryptocurrencies like Bitcoin Cash [BCH] and Bitcoin SV [BCV] ‘hodlers’ are reeling under extended pressures as the total mining hash rate continues to drop. This motivates miners to switch to more profitable coins or turn off their system. Moreover, it also increases the chances of a 51% attack on the token.
All is Not Lost?
Nevertheless, Bitcoin is trading at more than ten times its price during March 2017. Hence, the price of altcoins w.r.t USD has risen proportionally as well.
Furthermore, for most altcoins, including Litecoin, EOS, BCH, ETH and so on, the lowest level w.r.t USD was achieved during December 2018. Some of the altcoins are still trading 150% higher from those lows.
Numerous analysts have validated the de-coupling of altcoins from Bitcoin’s price. Max Keizer, Vinny Lingham, and Tone Vays are some of the Bitcoin maximalists who have appreciated the current trend. According to them, the ‘shitcoins’ are a liability to the market, and their weight must be shed for sustainable growth of the market.
Nevertheless, Peter Schiff, a gold buff and Bitcoin basher holds contradictory views. According to him, the altcoins failure will be followed by the demise of Bitcoin. He said,
Those arguing the collapse of altcoins validates Bitcoin are whistling past the crypto graveyard. Altcoin demand drives the Bitcoin on-ramp. The weakest links of a chain break first. Once confidence in altcoins is lost, Bitcoin is next. The similarities outweigh the differences.
The price markets of cryptocurrencies resembled that of the dot com bubble during the 1990s. Hence, various analysts have extended the analogy to cryptocurrency markets, suggesting that like the FAANG, only a handful of altcoins will succeed in the end. However, it seems that it will be determined at the end of this ‘reverse alt season.’
Do you think alt-season will ever occur again? Please share your views with us. 
The post Reverse Altcoin Season at the Brink of Collapse – Here’s What Analysts Predict for ‘Hodlers’ appeared first on Coingape.
Source: CoinGape

Bitcoin.com Changes Default Buy From BCH To BTC, Roger Ver Responds to Situation

Popular cryptocurrency company bitcoin.com recently changed its website’s default buy button from Bitcoin Cash (BCH) to Bitcoin (BTC) and some users are reacting to this change in a number of ways.
On Saturday, bitcoin.com users seemed to have noticed a sudden change in the default buy button on the company’s website. A Reddit account posted the update on r/bitcoin’s page, notifying the community of this sudden unannounced change. The change, according to the Reddit post gave preference to Bitcoin (BTC) as the new default buys over Bitcoin Cash (BCH) which was previously used cryptocurrency.
According to the post,
Default buy on Bitcoin.com is now Bitcoin NOT Bitcoin cash.
Reddit Users Ask for Answers
A few users who either seemed to have noticed the change also or probably were surprised by the supposed development started reacting on Reddit but before the arguments could go viral, the Executive Chairman of bitcoin.com, Roger Ver, commented on the post, promising that the company would make corresponding changes as soon as possible, while appreciating the Reddit User along the line.
According to Roger,
We will get it changed back to BCH ASAP. Thanks for notifying us.
At the time of writing this piece, as promised by Roger, bitcoin.com website has been updated and two buy buttons had been added to the website landing page where only bitcoin core had previously been seen.
Although, not much is known about bitcoin.com’s intentions of replacing Bitcoin Cash with Bitcoin, and why we can not say for sure if it was a deliberate action or systemic error, a couple of responses to Roger’s comment showed that users might indeed be interested in buying Bitcoin than Bitcoin Cash on the platform. According to a Reddit user going by the username heslo_rb26, who also responded to the development,
Don’t bother, it’s much better this way.
The post Bitcoin.com Changes Default Buy From BCH To BTC, Roger Ver Responds to Situation appeared first on Coingape.
Source: CoinGape

Crypto Market and Bitcoin Surging: BCH, EOS, TRX, ADA Analysis

The total crypto market cap climbed higher nicely and surpassed the $280.0B resistance.
Bitcoin price rallied close to 8% and broke the key $11,200 and $11,500 resistance levels.
EOS price is slowly rising towards the $4.400 and $4.500 resistance levels.
BCH price broke the $340 resistance and it could attempt to surpass the $350 resistance.
Tron (TRX) price is still consolidating above the $0.0220 support level.
Cardano (ADA) price is struggling to move higher and it is currently near the $0.0560 level.

Bitcoin price and the crypto market cap are currently gaining bullish momentum. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB could accelerate higher.
Bitcoin Cash Price Analysis
There were positive moves in bitcoin cash price above the $320 and $330 resistance levels against the US Dollar. The BCH/USD pair even broke the $340 resistance level and traded close to the $350 level. If it currently consolidating gains and it might soon make another attempt to surpass the $350 resistance level.
If there is a downside correction, an immediate support is near the $340 level. Any further losses might push the price back towards the $320 support zone in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price remained stable above the $4.100 and $4.200 support levels. However, it is struggling to gain bullish momentum above $4.300 and is slowly rising towards the $4.400 and $4.500 resistance levels. On the downside, the main support is near the $4.200 level.
Tron price is facing an uphill task near the $0.0230 and $0.0232 resistance levels. TRX price is currently consolidating above the $0.0220 level and it might start a decent rise. However, a successful break above the $0.0232 resistance is must for a short term upside correction.
Cardano price remained under pressure and failed to break the $0.0600 resistance area. ADA price is currently trading near $0.0560, with a key support near the $0.0550 level. On the upside, the price is facing many hurdles near the $0.0580 and $0.0600 levels. On the downside, a break below $0.0550 might push the price towards $0.0520.

Looking at the total cryptocurrency market cap 4-hours chart, there was a solid upward move above the $270.0B and $280.0B resistance levels. The market cap even broke the $290.0B resistance level and almost tested the $300.0B resistance level. If there are more upsides, the next stop could be near the $315.0B level. On the downside, there are many supports forming near the $288.0B and $285.0B levels. The main support area is near the $280.0B level (the previous resistance). Therefore, dips remain supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.
The post Crypto Market and Bitcoin Surging: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Craig Wright’s defamation case against Bitcoin Cash’s Roger Ver dismissed

Craig S Wright’s libel suit against Roger Ver was dismissed by England and Wales High Court [Queen’s Bench Division].  The self-proclaimed Satoshi Nakamoto had earlier filed a defamation case against the Bitcoin Cash proponent for calling him a “fraud”. The judgment stated that Wright completely failed to address the extent to which the allegations had […]
The post Craig Wright’s defamation case against Bitcoin Cash’s Roger Ver dismissed appeared first on AMBCrypto.
Source: AMB Crypto

July’s Industry Dynamics Revealed in New Crypto Report

Coinspeaker
July’s Industry Dynamics Revealed in New Crypto Report
The latest CORindex crypto report is titled “July 2019 Cryptocurrencies Transactions and Activity” and it features key data any analyst or investor in this space will need to know to make decisions about their assets.
July’s Industry Dynamics Revealed in New Crypto Report

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin & Crypto Market Accelerating South: LTC, BNB, BCH, TRX Analysis

The total crypto market cap extended losses and broke the $260.0B support area.
Bitcoin price is down more than 6% and it recently broke the $10,000 and $9,800 supports.
Binance coin (BNB) price declined around 8% and it is back below the $30.00 support area.
Litecoin (LTC) price failed to hold the $90.00 support level and declined heavily.
BCH price declined nearly 10% and broke the key $300 and $290 support levels.
Tron (TRX) price trimmed all its recent gains and declined below the $0.0250 support.

The crypto market cap and bitcoin (BTC) are accelerating lower. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are also showing a lot of bearish signs.
Bitcoin Cash Price Analysis
After a failed attempt near the $320 level, BCH price extended its decline against the US Dollar. The BCH/USD pair broke the key $300 and $290 support levels to move back in a bearish zone. The price is down nearly 10% and it is trading close to $275.
An immediate support is near the $270 level, below which there is a risk of more losses below the $260 support level in the near term. On the upside, the recent support near $300 is now likely to prevent gains in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price failed to accelerate above the $32.00 resistance and started a fresh decline. BNB price broke the $30.50 and $30.00 support levels to enter a bearish zone. Moreover, there was a break below the $29.20 support and the price seems to be approaching the $28.00 support area.
Litecoin price failed to surpass the $95.00 resistance and recently declined below $92.00. LTC price even broke the $90.00 support and entered a bearish zone. The price is down around 6% and it seems like it may soon test the $85.00 support level.
Tron price failed to continue above the $0.0300 resistance and started a sharp decline. TRX price is down around 15% and it broke the $0.0262 and $0.0250 support levels. If there are more losses, the price may revisit the $0.0215 support level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady decline from well above the $300.0B level. The market cap broke the $280.0B support level to move into a negative zone. Recently, there was a break below the $260.0B support, opening the doors for more losses in the near term. It seems like there could be a downside extension towards the $240.0B support level in the near term. Therefore, there are chances of more downsides in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the coming sessions.
The post Bitcoin & Crypto Market Accelerating South: LTC, BNB, BCH, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Honestnode’s Jian Shi claims Bitcoin Cash network’s first stablecoin complies with every regulation

The Bitcoin Cash network recently launched its first stablecoin, Honestcoin (USDH), created by the Honestnode team using the simple ledger protocol (SLP). The stablecoin is backed by the U.S. Dollar with a ratio of 1:1, and the Honestnode team is reportedly working on improving the stablecoin’s use-cases. In an interview with Bitcoin.com , Jian Shi, Founder […]
The post Honestnode’s Jian Shi claims Bitcoin Cash network’s first stablecoin complies with every regulation appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market and Bitcoin Showing Bearish Signs: BCH, EOS, TRX, ADA Analysis

The total crypto market cap failed to break the $290.0B resistance and recently declined below $275.0B.
Bitcoin price is down around 3% and it recently broke the $10,500 support area.
EOS price is down 5% after it failed to gain strength above the $4.400 resistance area.
BCH price failed to hold the $320 support and traded towards the $310 level.
Tron (TRX) price declined sharply by around 10% and broke the key $0.0280 support.
Cardano (ADA) price remains in a bearish zone below the $0.0650 support area.

Bitcoin price and the crypto market cap are currently showing bearish signs. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are likely to extend losses in the short term.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price recovered above the $320 resistance against the US Dollar. The BCH/USD pair even tested the $340 level, but it struggled to continue higher. As a result, there was a downside correction and the price recently broke the $320 support level.
At the moment, the price is trading near the $310 level and it might soon test the $300 support level. If there are more losses, the price could even revisit the key $285 support level in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price failed to gains strength above the $4.400 resistance levels and recently trimmed gains. It broke the $4.250 and $4.200 support levels and is currently trading just above the $4.100 level. The main support is near $4.000, below which the price could accelerate losses in the near term.
Tron price was rejected above the $0.0300 and it recently started a sharp downward move. TRX price is down more than 10% and it broke the $0.0280 support level. An immediate support is near $0.0262, below which it could test the $0.0250 support level.
Cardano price is trading in a bearish zone below the $0.0650 pivot level. ADA price declined below the $0.0620 and $0.0600 support levels and it seems like it could continue to decline towards the $0.0575 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a rejection pattern formed near the $290.0B resistance level. The market cap declined recently and broke the $280.0B support level. It even broke the $275.0B support level and a connecting bullish trend line on the same chart. Therefore, there are chances of more losses towards the $260.0B or $250.0B support. On the upside, the broken support near $280.0B might act as a solid resistance. Overall, upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins are likely to face hurdles in the near term.
The post Crypto Market and Bitcoin Showing Bearish Signs: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is currently trading in a range below the $290.0B resistance.
Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move.
BCH price broke the $320 resistance, but it is struggling to gain momentum.
EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistances
Stellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels.
Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance area.

The crypto market cap and bitcoin (BTC) are preparing for the next break. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are currently showing positive signs.
Bitcoin Cash Price Analysis
After struggling for a few sessions, bitcoin cash price successfully broke the $300 resistance against the US Dollar. The BCH/USD pair even broke the key $320 resistance level and it is currently consolidating gains. An immediate resistance is near the $328 and $330 levels.
If there is an upside break above $330, the price could accelerate higher towards the $350 level. On the downside, an immediate support is at $320, below which it could revisit the $305 support area.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price started a solid recovery after forming a support base above $3.600. The price broke the key $4.000 resistance level to move into a positive zone. Moreover, the price broke the $4.200 resistance and it might continue to rise towards the $4.400 and $4.500 resistance levels.
Stellar price slowly recovered above the $0.0850 resistance level. XLM price even broke the $0.0900 resistance level and it is currently consolidating. It seems like the price could rise towards the $0.0980 and $0.1000 resistance levels in the coming sessions. On the downside, the key supports are $0.0900 and $0.0880.
Tron price is showing a lot of positive signs above the $0.0250 and $0.0280 resistance levels. TRX price is about to break the $0.0300 resistance level and it might continue to rise. The next major resistance is near $0.0320, above which it could test the $0.0350 resistance.

Looking at the total cryptocurrency market cap 4-hours chart, there was an upside extension above the $280.0B resistance level. However, the market cap struggled near the $290.0B level and remained below the 100 SMA. At the moment, the market cap is consolidating in a range, with resistance near $290.0B and support at $272.0B. If there is a downside break below $272.0B and $270.0B, there could be more losses towards $250.0B. On the upside, a close above $290.0B might spark sharp gains in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
The post Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance Jersey List Their Own GBP-Backed Stablecoin

Coinspeaker
Binance Jersey List Their Own GBP-Backed Stablecoin
Binance Jersey has listed a proprietary GBP-backed stablecoin that confirmed that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency 100% backed by the British pound.
Binance Jersey List Their Own GBP-Backed Stablecoin

Continue reading at Coinspeaker
Source: CoinSpeaker