Bitcoin And Crypto Market Cap Facing Hurdles: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap corrected a few points, but it faced a strong resistance near $215.0B.
Bitcoin price is also correcting higher, but it is likely to struggle to clear the $8,200 resistance.
Litecoin (LTC) price is now facing resistance near the $55.50 and $56.50 levels.
BCH price is holding the main $215 support area and it is currently rebounding.
Tron (TRX) price is climbing higher and it is now placed nicely above the $0.0150 level.
Stellar (XLM) price is up more than 2% and it is moving towards the $0.0650 resistance.

The crypto market cap and bitcoin (BTC) are facing many hurdles on the upside. Ethereum (ETH), litecoin (LTC), ripple, BCH, tron (TRX), stellar (XLM) and other altcoins could struggle to climb higher.
Bitcoin Cash Price Analysis
BCH price corrected lower recently and tested the $215 support area against the US Dollar. The price is currently moving higher and is trading near the $220 level. On the upside, there is a major resistance near the $230 level, above which the price could recover towards the $240 level in the near term.
On the downside, if there is a bearish break below the $215 support, the price could decline towards the $205 and $200 support levels.
Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis
Litecoin price managed to stay above the $51.50 and $50.00 support levels. LTC price is currently recovering and is trading above the $54.00 level. However, there are a few key hurdles near the $55.50 and $56.00 levels, above which the price could revisit the main $60.00 resistance area.
Tron price declined recently and tested the $0.0145 support area. TRX price remained well bid and recently started a nice upward move above the $0.0150 resistance area. The price is up more than 3% and it could continue to rise towards the $0.0155 resistance level in the near term.
Stellar price also declined recently and tested the $0.0600 support area. XLM price is now climbing higher and is trading above the $0.0625 resistance area. However, there is a major resistance near $0.0650, above which the price could continue to rise towards $0.0682 and $0.0695.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent recovery from the $205.0B support area. However, the market cap struggled to clear a key resistance near the $215.0B level and the 100 SMA. Moreover, there is a connecting bearish trend line forming with resistance near $215.0B. Therefore, a clear break above the $215.0B resistance is needed for a nice rally in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX, ADA, XMR, and other altcoins in the coming sessions.
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Dr Doom Calls Bitcoin Cash [BCH] a Shitcoin in a Debate With Roger Ver

American economist Nouriel Roubini aka Dr Doom recently declared his contempt for Bitcoin Cash (BCH) in a debate with the promotor of the cryptocurrency, Roger Ver. The debate was a part of this year’s CC Forum – Blockchain and AI Investment Forum in London in which Dr Doom publicly announced that BCH is a “shitcoin”.
 Dr Doom Vs Roger Ver – Is Crypto a Store of Value or Not?
The topic of the debate was “Will cryptocurrencies fail or succeed?” Roubini began by refuting the opinion that cryptocurrencies are actually currencies on the grounds that they were not a sound, stable store of value and therefore, could not be used for payments. Bitcoin and thousands of other cryptocurrencies were not used for pricing goods and services. He also talked Bitcoin’s lack of scalability. Roger Ver responded to the Roubini’s points by reminding him that the market cap of cryptocurrencies had grown over $200 billion in just 10 years. About Roubini’s point on using crypto for payments, Ver cited the example of Bitcoin Cash, which, he said, could do more than a 100 transactions per second globally for free.
However, Roubini wasn’t convinced. To substantiate his point about crypto not being a stable store of value, he remarked that Bitcoin was 60% below the peak, whereas Roger Ver’s Bitcoin Cash was 95% below the peak this year, further saying that assets which lost 95% of their value in just 12 months were a joke. Ver, however, had an analogy to prove that even fiat lost its value. He cited the example of the Japanese Yen, saying that today, 10,000 Yen were equivalent to about 90 USD. However, not a long time, a single Yen could buy an ounce of silver. Today, the piece of paper which was worth about 90 USD, had a value of about 20,000 USD in the past.
Is Crypto Useful in the Event of Geopolitical Shock?
The moderator of the debate then pointed that crypto usage increased in the event of recession, citing the example of the Greek government debt crisis. Roubini, as expected, refused to acknowledge the same. Instead, he said that cryptocurrency usage, and the number of transactions and users had collapsed since the all-time high of crypto in 2017. Ver was quick in pointing out that Roubini was “cherry-picking” his data. Crypto usage today was much higher than it was even a year before the market cap had had hit its 2017 ATH.
Dr Doom then cited the example of the rise of the internet. From 1990 to 2000, it had garnered billions of users and websites, and some important applications like email. But with crypto, that has not been the case. Bitcoin only has 50 MM users officially and half of them are dead. When it comes to DApps, the most popular DApps are Crypto Kitties, Casino Games or Ponzi Schemes. Ver again quoted the example of how movement of money had emerged as the strongest use case of crypto – millions of users transacting with one another without any barriers.
McAfee Okay With Terrorist Activities Happening Through his Exchange
At a point during the debate, the moderator brought up John McAfee’s new decentralised exchange, which did not have any KYC requirements. He shared that McAfee, in an earlier session, was asked about his opinion on how would he feel if a terrorist was caught and it was proven that they had used his exchange to commit the terrorist act. To this, McAfee responded that he would be okay. In support of McAfee’s answer, Ver said that US dollar was the currency that being used the most in terrorist activities, but that did not mean that the world would stop using the currency.
“Your Shitcoin Collapsed 95% in a Year” – Roubini to Ver
The debate delved into the right and wrong of crypto with Roger Ver repeating that people should be allowed to have control over their money and Roubini stressing over and over again that the kind of financial anarchy that Ver talking about had never existed and never would. At one point, Roubini had an outburst where he had said that it had taken a 100 years for the dollar to collapse 95% whereas Roger Ver’s “shitcoin” collapsed in a year. He said –
“[It] took a year for your shitcoin to collapse 95%. It’s worth nothing.”
An infuriated Roubini further said that Ver did not believe in the government, but buying explosives on the internet was his idea of freedom. Roubini even personally attacked Ver by bringing up the point of him having spent time in jail. Ver used this point to his advantage and pointed out that Roubini was losing the argument as he had started “attacking the person rather than the arguments here.”
Bitcoin is Not Decentralised But the Traditional Financial System Is – Roubini
The debate shifted to the topic of centralisation and decentralisation. Roubini argued that the traditional financial system was decentralised as it had thousands of financial institutions and hundreds of banks and currencies involved in controlling it, whereas Bitcoin was centralised because 80% of mining was in the control of a few hands and 99% of cryptocurrency exchanges were centralised. To this, Ver said that decentralisation was not the main argument in favour of cryptocurrencies and its only purpose was to make cryptocurrency censorship-resistant.
The debate concluded with questions from the audience, and in this, Roger Ver, supporting cryptocurrencies because of the financial freedom they offered to users, was a clear winner.
 

 
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Source: CoinGape

Crypto Market And Bitcoin Could Rise Steadily: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is showing positive signs above the $210.0B support area.
Bitcoin price needs to surpass the $8,400 resistance area to continue higher in the near term.
Litecoin (LTC) price is still struggling to climb above the key $60.00 resistance area.
Bitcoin cash price is slowly rising towards the $235 resistance area.
EOS price seems to be consolidating gains above the $3.050 and $3.000 support levels.
Stellar (XLM) price is up more than 5% and it recently broke the $0.0650 resistance area.

Bitcoin (BTC) and the crypto market cap are likely to rise steadily in the near term. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are showing positive signs.
Bitcoin Cash Price Analysis
Recently, there was a minor downside correction in BCH price below the $225 level against the US Dollar. However, the BCH/USD pair remained well supported near the $215 level. The price is currently climbing higher and is trading nicely above the $225 level.
On the upside, there are two important resistances near $235 and $240, above which the price is likely to accelerate gains towards the $250 and $265 resistance levels.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price failed to gain momentum above the $58.00 and $60.00 resistance levels. However, LTC price is holding the $55.50 support area and it is currently trading in a range. Overall, it must surpass the key $60.00 resistance level to start a strong rise in the coming sessions.
EOS price settled above the $3.050 support area and it is trading in a range. On the upside, the main hurdle is near the $3.250 and $3.300 levels. A successful break above the $3.3000 resistance area might start an increase towards the next hurdle near the $3.500 level.
Stellar price is performing nicely above the $0.0600 pivot level. XLM price is up more than 5% today and it broke the $0.0620 and $0.0650 resistance levels. The next resistance is near the $0.0675, above which the price could revisit the $0.0695 and $0.0700 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there is a strong resistance forming near the $220.0B and $225.0B levels. If there is a successful close above $225.0B, the market cap could start a decent rise towards the $250.0B and $260.0B resistance levels. On the downside, an immediate support is near the $210.0B level, below which it could revisit $200.0B. Only a close below $200.0B may perhaps decrease chances of a decent increase. Overall, there are chances of a decent increase in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the near term.
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Bitcoin Cash takes over Bitcoin, Litecoin, Ethereum in Australian retail space

Roger Ver’s Bitcoin Cash seems to be stepping up in the race to accelerate mass adoption after the coin recently surpassed Bitcoin in retail spending in Australia. This was found after Bitcoin BCH, an online platform, released a report which tracked the total cryptocurrency usage in Australia for the month of September. The website arrived […]
The post Bitcoin Cash takes over Bitcoin, Litecoin, Ethereum in Australian retail space appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Cap And Bitcoin Could Rally: BCH, LTC, EOS, ADA Analysis

The total crypto market cap is holding a strong support area near the $220.0B level.
Bitcoin price is consolidating above $8,500 and it could rally further in the near term.
Litecoin (LTC) price must clear the $60.00 resistance area to continue higher.
BCH price is facing a strong resistance near the $235 and $240 levels.
EOS price is consolidating below the $3.250 and $3.300 resistance levels.
Cardano (ADA) price is currently consolidating above the $0.0400 support area.

The crypto market cap is showing positive signs along with bitcoin and Ethereum (ETH). Altcoins such as ripple, litecoin, BCH, EOS, tron (TRX), and ADA could slowly rise.
Bitcoin Cash Price Analysis
In the past two days, bitcoin cash price remained stable above the $210 and $215 levels against the US Dollar. Moreover, the BCH/USD pair made an attempt to climb above the $235 and $240 resistance levels, but it struggled to gain momentum. Thus, if there is a clear break above $240, the price could march towards $250.
On the downside, the main support is near the $215 level. Therefore, below $215, the price could move back towards the key $205 and $200 support levels in the near term.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price is consolidating above the $56.50 and $55.50 support levels. On the upside, there is a strong resistance forming near the $60.00 level, above which there are chances of a fresh increase towards the $65.00 and $68.00 levels.
EOS price settled above the $3.050 pivot level and it is currently trading in a range. On the upside, there are a few hurdles near the $3.300 level, above which the price might surge towards the $3.500 level. On the downside a break below $3.000 could push the price into a bearish zone.
Cardano price is currently consolidating above the $0.0400 support area. On the upside, an immediate resistance is near the $0.0425, above which the price is likely to climb higher towards the $0.0450 level. The next key resistance is near the $0.0485 and $0.0500 levels.

Looking at the total cryptocurrency market cap hourly chart, there was a major upside break above the key $220.0B resistance level. The market cap is currently consolidating above the $220.0 level and it seems to be setting up for the next key break. If there is an upside break above $226.0B, the market cap could continue to rise. An immediate resistance is near the $235.0B and $240.0B levels. The next major resistance is near the $250.0B level. Overall, there are high chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins in the coming sessions.
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Crypto Market And Bitcoin Struggle Continues: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is facing a strong resistance near the $218.0B and $220.0B levels.
Bitcoin price failed to gain momentum above $8,300 and recently declined below $8,200.
Litecoin (LTC) price is still trading well below the main $60.00 resistance area.
Bitcoin cash price is currently correcting gains and it could test the $220.00 support.
EOS price failed to surpass the $3.250 resistance and is currently declining towards $3.050.
Stellar (XLM) price is currently consolidating gains above the $0.0600 support area.

Bitcoin (BTC) and the crypto market cap are struggling to gain bullish momentum. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are currently correcting gains.
Bitcoin Cash Price Analysis
After a decent upward move, BCH price faced resistance near the $235 and $240 levels against the US Dollar. The BCH/USD pair is currently correcting lower towards the $225 level. It seems like the price could test the $220 support area in the near term.
The main supports on the downside are near the $205 level. On the upside, a clear break above $240 is needed for more gains towards the $250 and $265 levels.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price recovered above the $55.00 and $56.50 resistance levels. However, LTC price struggled to gain momentum above $58.50 and remained well below the key $60.00 resistance area. The price is currently correcting lower and it may perhaps test the $55.00 support area.
EOS price climbed higher recently and tested the $3.250 resistance area, where sellers appeared. The price is currently correcting lower and is trading below the $3.200 level. If there are more downsides, the price could test the $3.050 support area in the near term.
Stellar price climbed higher positively above the $0.0620 level. However, XLM price failed to gain momentum above the $0.0630 level and recently started a downside correction. It seems like the price could test $0.0600 or $0.0595 before starting a fresh increase.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent upward move above $210.0B. However, the market cap faced a strong resistance near the $218.0B and $220.0B levels. Moreover, the 100 SMA also acted as a crucial resistance. The market cap is currently correcting lower and it could test the $205.0B support area. The main support on the downside is near the $200.0B level, below which there could be a sharp decline in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins. Conversely, a clear break above the $220.0B resistance and close above the 100 SMA is needed for an upside acceleration in the near term.
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Bitcoin And Crypto Market Remain At Risk: LTC, BNB, BCH, TRX Analysis

The total crypto market cap is struggling to break the key $220.0B resistance area.
Bitcoin price is now trading well below the $8,400 and $8,500 resistance levels.
Binance coin (BNB) price is slowly declining and it could test the $15.20 support area.
Litecoin (LTC) price is somehow holding the key $55.00 support area.
BCH price is consolidating above the key $220 support level, with bearish signs.
Tron (TRX) price settled above the $0.0140 level, but it is facing hurdles near the $0.0150 level.

The crypto market cap and bitcoin (BTC) are trading below key resistance. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are slowly moving lower.
Bitcoin Cash Price Analysis
BCH price failed to clear the $235 resistance area and recently corrected lower against the US Dollar. The BCH/USD pair tested the $220 support level and it is currently trading in a range. If there is a downside break below the $220 support, the price could test the $205 or $200 support level.
On the upside, there are hurdles forming near the $230 and $235 levels. A clear break above the $235 resistance might push the price towards the $250 resistance area.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price is currently trading in a range above the $15.00 support area. On the upside, BNB price is facing a strong resistance near the $16.00 and $16.20 levels. On the downside, a break below the $15.00 support could lead the price towards the $14.20 support.
Litecoin price is somehow holding the $55.00 support area. If LTC price breaks the $55.00 support level, there is a risk of another drop towards the $50.00 support area. On the upside, the price must break the $58.00 and $60.00 resistance levels to move into a positive zone.
Tron price recovered from the $0.0120 support area and it settled above the $0.0140 level. However, TRX price is now facing a strong resistance near the $0.0150 level. If there is a daily close above the $0.0150 resistance, there are chances of more upsides above the $0.0155 and $0.0160 levels in the near term.

Looking at the total cryptocurrency market cap 4-hours chart, there is a crucial resistance forming near the $220.0B level. Moreover, there is a connecting bearish trend line forming with resistance near $215.0B on the same chart. To start a strong upward move, the market cap must surpass the $220.0B resistance area. On the downside, the main support is near the $200.0B level. If there is a break below the $200.0B support, it could spark another drop in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Bitcoin And Crypto Market Cap Near Key Juncture: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is slowly moving higher towards the key $220.0B resistance area.
Bitcoin price might soon make another attempt to surpass the key $8,500 resistance area.
BCH price is holding the $220 support, but it is facing hurdles near the $235 resistance.
EOS price is climbing above $3.000 and it may perhaps revisit the $3.100 area.
Stellar (XLM) price must surpass the $0.0600 and $0.0620 resistance levels for more gains.
Tron (TRX) price is climbing higher towards the key $0.0150 resistance area.

Bitcoin (BTC) and the crypto market cap are currently approaching key resistances. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) might struggle to continue higher.
Bitcoin Cash Price Analysis
Recently, BCH price corrected lower from the $235 resistance area against the US Dollar. The BCH/USD pair traded below the $225 level and tested the $220 support. The price is now consolidating and it seems like it could rise again towards the $235 resistance area in the near term.
On the downside, the key support is near the $220 level. If there are more downsides, the price could test the $205 and $200 support levels.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price corrected lower below the $3.000 level and tested the $2.850 support area. The price is moving higher once again and it about to break the $3.000 resistance area. If the bulls remain in action, the price may perhaps revisit the $3.100 resistance. The next key resistance is near the $3.250 level.
Stellar price is slowly rising from the $0.0500 support area. XLM price is approaching the key $0.0600 resistance area. If there is a successful break above the $0.0600 resistance area, there could be more gains towards the $0.0620 and $0.0650 levels in the near term.
Tron price managed to stay above the $0.0130 level and recently climbed above $0.0140. TRX price is now trading above the $0.0142 level and it seems like it could even break the $0.0145 level. If there are more upsides, the next stop for the bulls could be near the $0.0150 resistance.

Looking at the total cryptocurrency market cap 4-hours chart, the $200.0B level is acting as a strong support. The market cap is currently moving higher, but it is facing a crucial resistance near the $220.0B level and a connecting bearish trend line on the same chart. A clear break above the $220.0B resistance is needed for more gains in the coming sessions. In the mentioned bullish case, there could be a decent recovery in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
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Crypto Market Cap And Bitcoin Facing Resistance: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is facing a strong resistance near the $220.0B level.
Bitcoin price is also trading below a crucial resistance area near the $8,500 level.
EOS price failed to hold the $3.000 support and declined below $2.950.
Binance Coin (BNB) is declining and it might test the $15.00 support area.
BCH price struggled to clear the $235 resistance and it is currently trading towards the $220 support.
Tron (TRX) price is down more than 5% and it broke the $0.0140 support area.

The crypto market cap and bitcoin (BTC) are facing important resistances. Ethereum (ETH), binance coin (BNB), ripple, BCH, tron (TRX), litecoin and EOS are currently declining.
Bitcoin Cash Price Analysis
There was an upside correction in BCH price above the $225 and $230 levels against the US Dollar. However, the BCH/USD pair struggled to clear the $235 resistance level and recently started a fresh decline. It broke the $230 level and it is currently trading just below $225.
It seems like the price might test the $220 level. Any further losses could push the price towards the $205 support area in the near term. On the upside, the main resistance is near the $235 level.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price rallied sharply earlier this week and broke the $3.000 resistance area. The price tested the $3.100 level and recently started a downside correction below the $3.000 level. It seems like the price may perhaps correct further lower and test the $2.850 support area.
Tron price surged more than 10% and climbed above the $0.0145 level. However, TRX price failed to continue higher and recently corrected more than 5% below $0.0142. The price is now trading below $0.0140 and it might test the $0.0138 support level.
Binance coin (BNB) corrected above the $16.00 level, but it struggled to surpass the $16.20 resistance area. BNB price is now trading below $16.00 and it could test the $15.25 or $15.00 support in the coming sessions. On the upside, the main resistance for the bulls is near the $16.20 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a minor upside correction from the $200.0B support area. However, the market cap failed to climb above the $220.0B resistance area. There is also a connecting bearish trend line forming with resistance near $220.0B on the same chart. Therefore, a clear break above the $220.0B resistance is needed for a decent upward move. If not, there could be another decline in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.
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Bitcoin Depot Looking to Expand to 1,000 Crypto ATMs to Better Serve Underbanked

Coinspeaker
Bitcoin Depot Looking to Expand to 1,000 Crypto ATMs to Better Serve Underbanked
Bitcoin Depot is going to widen its Bitcoin ATM network within the United States to offer people the easiest and the most convenient way to deal with cryptocurrencies.
Bitcoin Depot Looking to Expand to 1,000 Crypto ATMs to Better Serve Underbanked

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin And Crypto Market Extending Decline: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is below $210.0B and is likely to extend its decline.
Bitcoin price is trading below $8,000 and it is moving with a bearish angle.
EOS price is down more than 2% and is approaching the $2.700 and $2.650 support levels.
BCH price is facing resistance near the $225 level and it could revisit the $200 support area
Tron (TRX) price is approaching the $0.0130 level and it might continue to decline.
Cardano (ADA) price is down 5% and it recently broke the key $0.0385 support area.

Bitcoin and the crypto market cap are currently extending their decline. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are trading in a bearish zone.
Bitcoin Cash Price Analysis
After a strong decline, BCH price found support near the $200 level against the US Dollar. The price started an upside correction and traded above the $210 level. However, the price struggled to break the $225 resistance level and it is currently trading with a bearish bias.
It seems like the price might once again break the $210 support. If there is a downside break, the price could even break the key $200 support area in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price declined heavily and settled below the $3.000 support area. The price is currently trading below the $2.850 support area and it might soon test the $2.700 or $2.650 support. The main support on the downside is near the $2.500 level. On the upside, a close above $3.000 is needed for a decent recovery.
Tron price is trading in a strong downtrend below the $0.0150 level. TRX price even broke the $0.0140 support and it is currently approaching the $0.0130 level. If there are more downsides, the price could test the $0.0120 level in the coming sessions.
Cardano price is down more than 25% in the past few days and it is now trading well below the $0.0500 level. ADA price broke the $0.0400 support and it is now approaching the $0.0350 support. On the upside, the previous support near $0.0400 may perhaps act as a resistance area.

Looking at the total cryptocurrency market cap 4-hours chart, there are many bearish signs visible below the $210.0B and $220.0B resistance levels. Therefore, there are high chances of a downside break below the $200.0B and $195.0B support levels. The next key support on the downside is near the $180.0B level. Overall, there are many signs, suggesting more downsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.
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This Week in Crypto – Bitcoin Slips Below $8K, BCH Slips to 5th Rank

Key Highlights 

Digibyte Founder Accuses Binance of Demanding Ransom
OKEx  Denies BTI’s Allegations of Wash Trading
Bitcoin Price Sinks Below $8K 
Tether Holds On To The 4th Rank in Crypto Market
US Presidential Candidate Standards In Support of NBA Player For Tokenizing His Contract

Was Digibyte Calling on Cz A “Publicity Stunt”?
DigiByte Founder, Jared Tate recently said that he did a video call with the Binance Team a few weeks back, for the purpose of listing Digibyte on Binance. Per the founder, Binance team laid out the conditions, which included, $300,000 and 3% of all DGB for ”insurance for their customers against blockchain hacks & defects” to list $DGB. To which Tate said that it was not possible with a truly decentralized blockchain like DigiByte. Interestingly, Binance CEO, Cz responded and said that it was indeed messed up but in an interesting way. He further said that it seemed that Tate specifically didn’t want DBG listed on Binance. 
BTI’s Report Receives Flak, Accused of Non- Transparency in Methods
Blockchain Transparency Institute (BTI) recently released its Market Surveillance Report for  Q3 2019. The report highlights the percentage of wash trading happening on major exchanges including Binance, Gemini, Bitflyer, and OKEx. According to the report, OKEx is among exchanges with over 99.7% of its volume made up by wash trading. OKEx’s Head of Operations Andy Cheung has denied the allegations and condemned the report on Twitter.
He further said that the methodology used by BTI was questionable as the company had not revealed how it had arrived at those figures on wash trading. He even mocked BTI saying that the institute did not seem very transparent on their website.
Bitcoin Price Goes Against Predictions- Slips Below $8K
Bitcoin took a hit a few days back when it first slumped below the $10k support level on Monday 23rd of September. Interestingly, it’s fall coincided with the launch of the bitcoin futures platform, Bakkt. This was the beginning of a new bearish movement in which bitcoin rapidly dropped to new monthly lows below $9.5k which later flung the price of Bitcoin towards the $8k mark as of Tuesday, 24th September. Against all indications, BTC broke the two major support levels at $8,500 and $8,000 marks respectively to establish a lower price below $8k. 
Bitcoin Cash Slips to 5th Position, Gets Replaced by Tether
Tether continues to hold the 4th rank on CoinMarketCap for the 5th day now. Bitcoin Cash (BCH), which was at No 4 on CoinMarketCap (CMC) before Tether, is at the 5th place now amid a bearish market. BCH’s fall began on Sept 23, when it fell from $308 to $293. Sept 24 saw a further plunge in BCH’s price to $216. It was also marked by a sharp drop in the cryptocurrency’s market cap, which went from 5.28 billion on the previous day to $4 billion. BCH not only lost over $1 billion in market cap but also its long-held rank 5 on CMC.
Spencer Dinwiddie Gets Support for Tokenizing Contract
Leading NBA player, Spencer Dinwiddie recently revealed that he wished to tokenize part of his contract on the Ethereum blockchain. He intended to raise  $13.5 million from his three-year, $35 million contracts. his initiative was not received well by the NBA.  The NBA on Friday has claimed that his plan to pledge part of his contact earnings for a security token violates the league’s collective bargaining agreement. Notwithstanding the NBA’s unfavorable stance on the issue, Dinwiddie’s plan received massive public support. Presidential candidate Andrew Yang stated that the plan was pure genius. Yang has also been advocating a regulatory framework for cryptocurrency and blockchain. 
The post This Week in Crypto – Bitcoin Slips Below $8K, BCH Slips to 5th Rank appeared first on Coingape.
Source: CoinGape

Bitcoin Cash [BCH] to Plunge to $127.5 Predicts Crypto Analyst

The crypto market witnessed one of the steepest falls in recent years. The bloodbath has led leading cryptocurrency Bitcoin Cash(BCH) to slip to the 5th place on CoinMarketCap. It has been replaced by stablecoin Tether(USDT). 
Crypto Market Takes A Steep Downturn
Bitcoin [BCH] Cash, Bitcoin SV, and EOS fell the most among the top ten cryptocurrencies. BCH has dropped more than 22% to test lows near $220. According to leading chart analyst, Peter Brandt, the plunge could go deeper.
Source- Twitter
He suggested a break-out from the bearish head and shoulders pattern on a daily scale in BCH/USD. The formation of the pattern has been panned out from about five months.
Tether(USDT) Records Unprecedented Trade Volume
Notably, most top altcoins followed a similar pattern of rising and fall. They have moved together in tandem this year. Hence, a drastic drop in the price of one of the top altcoins could act as a catalyst for others as well. However, it looks like the case of one’s loss is other’s gain. 
Tether has time and again been used as a hedge option for cryptocurrency investors, especially amidst sharp pullbacks and corrections. In the midst of the bloodbath, investors flocked in high numbers to Tether to secure their crypto assets, leading to a huge spike in huge volume of the stablecoin. 
Are Good Times Coming For Tether (USDT)?
The NYAG’s office had  filed a complaint in April of this year and alleged that Bitfinex raided Tether reserves in an attempt to cover losses of approximately $900 million to Crypto Capital, the matter being a payment processor with connections to the exchange QuadrigaCX which was involved in an exit scam.
In a recent development, iFinex, parent company of stablecoin issuer Tether and crypto exchange Bitfinex, now need not  comply with a court order to turn over documents, at least for the time being
Earlier, this week Tether(USDT) managed to secure a motion from a court in New York. The case is an ongoing one in which the  New York Attorney General’s office alleged iFinex of mismanagement. Subsequently, the company would not need to produce any additional documents in the court.
“We are gratified by the panel’s decision and we look forward to addressing the significant substantive issues before the appellate court,”
a representative of iFinex said, 
However, with a daily volume on a considerable rise, the company sees some progress in the New York Case, thus, making it a good quarter for Tether(USDT). 
“The injunction that prohibits the movement of money between Tether and Bitfinex is still in place. We look forward to making our case in court as we seek to have Judge Cohen’s decision upheld and continue our investigation,” 
the New York Attorney General’s office said.
A Look At Tether (USDT) Price Charts 
As per price charts on the 20th of September, Tether(USDT)r marked a heavy movement in prices. The price jumped from $0.9974 to $1.000 by 0.32%. Further, there was a minor rise in price from $0.9985 to $1.001 in the second half of the day. 
Source- Trading View
At press time, Tether(USDT) is trading at $1 with an increase of 0.2% in 24 hours and has recorded a trading volume of $35. 58 Billion in the past 24 hours. 
Tether’s Burning of Tokens
In a recent update Tether announced plans to move 400 million USDT tokens. They will be a part of its Omni authorized pool. However, it will not issue funds to the issuance address to burn or revoke them. In July, it was reported that Tether(USDT) accidentally minted and burned 5 million USDT tokens.
How long will the crypto market to go green? Is it just a case of prolonged winters in the crypto space? Let us know, what you think?
The post Bitcoin Cash [BCH] to Plunge to $127.5 Predicts Crypto Analyst appeared first on Coingape.
Source: CoinGape

Analysts Predict Bitcoin Cash and Ethereum Doom – Will Altcoins Dive Further?

Tuesdays’ drop in Bitcoin price had more significant adverse effects on altcoins. Altcoins plunged by more than 15% on an average.
Ethereum [ETH] swiftly dropped below $200 psychological support to test lows at $150. Bitcoin [BCH] Cash, Litecoin [LTC], XRP also plummeted below support levels. The altcoins are closing in on the year to date rise due to revival of Bitcoin bears.
The plunge in altcoins was of gigantic proportions due to the violent price action in Bitcoin. Sawcruhteez, crypto-trader, and analyst suggested that a bounce is on the cards short term. However, his targets towards the end of October are near $130.
ETH/USD Price Analysis (Source: Twitter)
Bitcoin [BCH] Cash, Bitcoin SV, and EOS fell steepest among top ten cryptocurrencies. BCH has dropped more 22% to test lows near $220. According to leading chart analyst, Peter Brandt, there could be further downside to it.
He suggested a break-out from the bearish head and shoulders pattern on a daily scale in BCH/USD. The formation of the pattern has been panned out from about five months.

$BCH target is 127.50. pic.twitter.com/NX0yPtTyHf
— Peter Brandt (@PeterLBrandt) September 24, 2019

Notably, most top altcoins followed a similar pattern of rising and fall. They have moved together in tandem this year. Hence, a drastic drop in the price of one of the top altcoins could act as a catalyst for others as well.
The total market capitalization of altcoins broke below the 200-Day Moving Average on the daily and weekly. It was currently tested the consolidation levels before the break-out in 2017. However, the momentum is reversed this time.
Altcoin Market Capitalization Weekly Chart Excluding Bitcoin (TradingView)
 
The dominance of Bitcoin [BTC] is again closing near 70%. Willy Woo’s had suggested earlier from the altcoin cap/bitcoin that it is currently testing a critical support level. More than 5% drop this level can initiate another round of bears. He said,
If this level fails, I’d expect roughly a 60% drop relative to Bitcoin’s cap before we some the next area of support.
Altcoin/Bitcoin Price Analysis (Source: Twitter)
Currently, Bitcoin’s [BTC] price is looking to hold the psychological support level at $8500. A revival or further drop in Bitcoin will act as a cue for altcoins as well.
Do you think altcoins will reach its bearish targets or bounce before? Please share your views with us. 
The post Analysts Predict Bitcoin Cash and Ethereum Doom – Will Altcoins Dive Further? appeared first on Coingape.
Source: CoinGape

Crypto Exchange Giant Binance Finally Launched US Trading

Coinspeaker
Crypto Exchange Giant Binance Finally Launched US Trading
Today, on September 24, crypto exchange giant Binance has announced the launch of its arm in the U.S. market. Binance.US is finally opened.
Crypto Exchange Giant Binance Finally Launched US Trading

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Source: CoinSpeaker