Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap found a strong support near $122.0B and recently climbed higher.
Bitcoin price bounced back above the $7,700 and $7,800 resistance levels.
Bitcoin cash price gained a strong bullish momentum and jumped back above $400.
EOS price is recovered above the key $6.00 and $6.05 resistance levels.
Stellar (XLM) price is currently consolidating below the $0.1250 and $0.1300 resistance levels.
Tron (TRX) price is holding the key $0.0265 and $0.0272 support levels.

The crypto market cap is showing positive signs, with bullish moves in bitcoin (BTC) and Ethereum (ETH). BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) could climb higher in the near term.
Bitcoin Cash Price Analysis
Bitcoin cash price found a strong support near the $370 and $375 levels against the US Dollar. The BCH/USD pair started a fresh increase and broke the $390 and $395 resistance levels. The pair even traded above the $400 level and it is currently consolidating gains.
On the upside, an immediate resistance is near the $410 level, above which the price may continue higher towards the $420 level. On the downside, the key supports are near the $395 and $390 levels.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price found support near $5.80 and recently recovered above the $5.85 and $5.95 levels. The price even broke the $6.00 barrier and it may continue to rise towards the $6.15 and $6.20 resistance levels.
Stellar price tested the $0.1200 support level and it is slowly moving higher. An immediate resistance is at $0.1250, above which XLM price might surge towards the $0.1300 or $0.1320 resistance. On the downside, the main supports are $0.1200 and $0.1150.
Tron price settled below the key $0.0285 support area and recently tested the $0.0270 level. TRX price is currently moving higher and it could revisit the $0.0280 and $0.0285 levels. However, a convincing break above the $0.0290 level is needed for more gains in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $244.0B resistance area. The market cap decline below the $230.0B support area and recently tested the $220.0B support area. It recovered recently and climbed above the $230.0B resistance. It seems like there is a major contracting triangle forming with resistance near the $240.0B level. A successful close above the $240.0B resistance may perhaps open the doors for more gains. The next key resistance is near $245.0B, above which the market cap could accelerate towards the $250.0B level. On the downside, the main supports are near the $225.0B and $222.0B levels. Overall, there are could be more upsides in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
The post Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Wrap: $14 Billion Blitzed as Bitcoin Beats a Retreat

Crypto markets dumping hard; Stellar, Cardano, BSV, NEM and IOTA in a hurt locker, Matic still moving.
Market Wrap
The big Bitcoin pullback has finally begun. Crypto markets are crumbling today in Asia as Bitcoin dips precipitously below key support sending the altcoins crashing around it. Total market capitalization has shed over $14 billion and is approaching $235 billion at the time of writing.
After a very clear double top formation, Bitcoin failed to break resistance and started on a downward slide that has resulted in a 4.3 percent dump on the day. From trading just below $8,000 BTC has fallen back to just above $7,600 at the moment. Analysts are eyeing resistance at $7.4k and $6.8k with further declines likely if these cannot be held.
Ethereum has followed suit as usual and with a 7.5 percent dump is now back at $237. ETH has not managed to decouple from Bitcoin and could return to support at the $232 area.
The top ten is awash in red during Asian trading today. Cardano is getting crushed over 10 percent and Stellar is not far behind, dumping 9 percent. XRP, Bitcoin Cash and EOS have all dropped 7 percent and only Binance Coin is staying afloat, just above $30 with a 2 percent loss.
Big trouble faces the top twenty at the moment as Bitcoin SV dumps 12 percent of its epic gain yesterday. The US Copyright Office has already said it does not investigate whether there is a provable connection between the claimant, Craig Wright, and the pseudonymous BTC code author, effectively urinating on his parade. Also getting dumped on is NEM with a 12 percent slide, IOTA dropping 11 percent and Cosmos at 10%. The rest are sliding 6 – 8 percent at the time of writing.
FOMO: Matic Still Moving
Yesterday’s Binance induced pump is still going today as MATIC adds another 20 percent to its price. Embellishment from the world’s largest exchange can do wonders for a crypto project and give it a somewhat unfair advantage over its competitors. Crypto.com Chain has also had a bit of a revival with a 10 percent surge against the flow today. The Singapore based crypto wallet and card keeps adding new assets.
There are too many double digit dumps today to count but those at the messy end of the top one hundred include Insight Chain, Enjin Coin, BSV, NEM and Qtum all dropping over 12 percent.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has been smashed $14 billion as it falls back to $236 billion today. The mass exodus is not over yet as Bitcoin searches for support. On the week crypto markets have dropped 7 percent but on the month they’re still up almost 25 percent so this pullback is nothing to be too concerned about … yet.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: $14 Billion Blitzed as Bitcoin Beats a Retreat appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Approaching Next Break: BNB, Litecoin, Bitcoin Cash, TRX Analysis

The total crypto market cap is forming a crucial breakout pattern above the $225.0B support area.
Binance coin (BNB) price rallied recently and it is currently consolidating above $30.00.
Litecoin (LTC) price is down around 4% and it recently broke the $90.00 support.
Bitcoin cash price declined more than 6% and traded below the $400 and $395 supports.
Tron (TRX) price is under pressure and it could retest the key $0.0265 support area.

The crypto market cap is forming a significant breakout pattern, with negative moves in bitcoin (BTC) and Ethereum (ETH). BNB, litecoin, ripple, bitcoin cash, TRX, XLM and EOS could weaken before fresh rise.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to gain momentum above the $410 and $415 resistance levels against the US Dollar. The BCH/USD pair started a fresh decline and broke the $400 and $395 support levels. The pair is now testing the $390 level and it seems like it could correct higher in the near term.
On the upside, an initial resistance is near the $385 level, above which the price may rebound towards the next major resistance at $405. On the downside, the main supports are $390 and $385.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price gained a strong bullish momentum this week and rallied above the $30.00 and $32.00 levels. BNB price recently corrected lower and it is currently consolidating above the $30.00 level. If there is a downside break, the price could test the $28.00 support.
Litecoin price trimmed most its gains from well above $100.00 and recently declined below the $95.00 and $90.00 support levels. LTC price is currently under pressure and it seems like it could test the main $84.00 support before a fresh increase in the near term.
Tron price struggled to break the $0.0290 level and recently declined below $0.0285. TRX price is down around 5% and it is trading near $0.0275. The main support on the downside is $0.0265, where the bulls might appear.

Looking at the total cryptocurrency market cap hourly chart, there were contracting range moves above the $220.0B support level. The market cap struggled to gains momentum above the $240.0B resistance level and recently declined towards $225.0B. More importantly, there is a crucial breakout pattern forming with support at $225.0B and resistance near the $240.0B level. An upside break above the $240.0B barrier could spark a strong upward move in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term. If not, there is a risk of more losses below the $225.0B and $220.0B support levels. The next key support is near the $210.0B area.
The post Crypto Market Approaching Next Break: BNB, Litecoin, Bitcoin Cash, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap declined sharply and tested an important support near $210.0B.
Bitcoin price is showing signs of a decent recovery above the $7,200 support level.
Litecoin (LTC) price failed to stay above the $100 level and recently declined below $90.
Bitcoin cash price is down more than $90 from the recent high and broke the $380 support.
EOS price is once again below the key $6.20 and $6.00 support levels.
Stellar (XLM) price is gaining traction and it is up more than 7% to $0.1310.

The crypto market cap is currently holding a crucial support, with range moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as LTC, ripple, bitcoin cash, EOS, TRX, and stellar slowly recovering.
Bitcoin Cash Price Analysis
Bitcoin cash price surged towards the $450 level and recently declined heavily against the US Dollar. The BCH/USD pair broke the $400 and $385 support levels to enter a bearish zone. The recent decline was such that the price even broke the $365 support and tested the $350 support level.
The price is currently consolidating above the $350 support and it could correct higher in the short term. An immediate resistance is at $375, above which the price may test the $385 level.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price failed to stay above the $100 level and topped near the $107 level. LTC price is down sharply and it recently traded below the $100, $95 and $92 support levels. The price even broke $90 and tested the $85 support level.
EOS price recently traded below the key $6.40 and $6.20 support levels. More importantly, it broke the $6.00 support level and the price test the $5.85 support. It could recover in the short term and might test $6.00 or $6.20.
Stellar price is performing well and remained well bid above the $0.1150 support level. XLM price is up more than 7% and it recently broke the $0.1250 and $0.1300 resistance levels. The next key hurdles are $0.1350 and $0.1380, where sellers may emerge.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp bearish reaction from well above the $250.0B level. The market cap declined more than $40.0B and tested the $210.0B support area. It seems like there is a strong support forming near the $210.0B level and a connecting bullish trend line on the same chart. Therefore, as long as the market cap is above the trend line and $210.0B, there could be upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions. If not, there could be a downside extension towards the $200.0B support area.
The post Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit

Bitcoin was trading around the $8000 range since 13th May as the bullish momentum on Bitcoin peaked in the next couple of days. The yearly high recorded on Bitcoin [BTC] is $8390-$8410 on 14th May 2019. Nevertheless, like most times, this rise was also followed by a fall. Some traders were apprehensive of Bitcoin another move to $10,000; instead, it broke below $8000.
Bitcoin was trading around $7800-$8000 since yesterday. Bitcoin broke below this level rather hard, the 4-hour candlestick recorded a low of $6178, ove 20% decline. It soon made some recovery as traders rushed to buy the dip. The price of Bitcoin [BTC] at 4: 00 hours UTC on 17th May 2019 is $7348. It is trading 9.33% lower on a daily scale.
Furthermore, the candle-sticks also suggested that a ‘hanging man’ was followed by a huge bearish bottom.
BTC/USD 4-Hour Chart on Coinbase (TradingView)
The altcoins had risen for the past two days after Bitcoin broke away from $8000. The market dominance of Bitcoin of decreased considerably as most altcoins recorded yearly highs on 15-16th May 2019.
Also Read: Bitcoin Pizza Day – ’60 Minutes’ Magazine Interviews Man Who Spent 10000 Bitcoin for Pizza in 2010
Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH]
The losses on Litecoin [LTC] and Bitcoin Cash [BCH] were around 12% as all altcoin traders seem to be abandoning ship, booking profits from yesterday and due to the FUD (Fear, Uncertainty, and doubt) of a massive impending correction in Bitcoin prices.
Ethereum also broke below $250 as well. The price of Ether [ETH] at 4: 20 hours UTC on 17th May 2019 is $245. It is trading 6.44% lower on a daily scale.
ETH/USD 1-Day Chart on Coinbase (TradingView)
The losses in Tron [TRX], Cardano’s [ADA] and EOS were in double digits as well. TRX losses were highest amongst them at about 16.7%. Nevertheless, the losses on ADA and EOS were 13.5% and 9.3% respectively.
XRP broke Below $0.4; Other Altcoins Drop As Well
The cryptocurrency which initiated the altcoin run this week with massive gains above $0.32 touched $0.48 on 16th May 2019. However, it pulled back along with Bitcoin as price over 15% in the last few trading sessions.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Stellar [XLM] which was one of the biggest gainers yesterday recorded 13.45% losses at 4: 30 hours UTC on 17th May 2019. The price of XLM broke below $0.13.
The other altcoins apart from a very few plummeted to similar degrees. The average rate of decline in the cryptocurrency market was around 11.5%.
The dominance and total market capitalization of Bitcoin were around $130 billion and 56.2% at press time. The total market capitalization of cryptocurrencies which was above $260 billion yesterday, fell below $230 billion.
Do you think bearish momentum will take over now or traders will fill in to buy the dip? Please share your analysis with us. 
The post Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run

Bitcoin [BTC] rose from $6000 to $8000 in less than a week. The gain on Bitcoin since the beginning of the month is 52.2%. Moreover, the sudden unprecedented rise made the altcoin traders wary of their investments as it continued to lose value to BTC. Altcoins traders which seemed to be losing value to Bitcoin maximalists are finally seeing green in their ledger.
Bitcoin’s rise cooled of near $8000 for the moment, the low and high from yesterday was $7621 and $8350 respectively. The price of BTC at 4: 00 hours UTC on 15th May 2019 is $8031.
XRP and XLM Continue Gaining on Consecutive Days
XRP seemed to begin the altcoin run as it gained more than 30% on Tuesday. It has continued to gain on the following day as well, as the price of XRP is trading 20.66% higher on a daily scale. The price of XRP at hours UTC on 15th May is $0.432.
XRP/USD 4-Hour Chart on Kraken (TradingView)
Stellar (XLM) which is closely related to ripple in terms of audience and vision rose with the ride as well. The price of Stellar is $0.119. It is trading 13.5% higher on a daily scale.
Ethereum, Bitcoin Cash [BCH], Litecoin [LTC]
Ethereum, the second largest cryptocurrency according to total market capitalization; it added another $2 billion to it in the past day. Moreover, Ethereum also rose w.r.t. Bitcoin [BTC] as it climbed back above 0.027 BTC.
ETH/BTC 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Litecoin [LTC] trading were trading at par on a daily scale. However, the rise in Bitcoin Cash [BCH] has been impressive almost equivalent to Bitcoin [BTC] as it gained almost 50% since the beginning of the month.
BCH/USD 1-Day Chart on Coinbase (TradingView)
The gain on Litecoin [LTC] has been in double digits as well. It broke above the $78 support and resistance, to trade in the $90 range.
Binance [BNB] Coin Breaks $25
Binance [BNB] coin broke above its previous all-time high as it traded above $25. The price which was looking towards the downside last week due to the hack at Binance Exchange has recovered to cement its 7th position w.r.t total market capitalization.
BNB/USD 1-Day Chart on TradingView
BNB seems to be getting resistance from the all-time high levels as it tries to break it for the third time in a month.
Tezos [XTZ], Cardano’s ADA and Tron [TRX] and IOTA Record Double-Digit Gains
Many altcoins traded in the green with double-digit gains on a daily scale. While all ‘good’ alt projects have been in the development phase in the past year, there was no specific reason for the rise of these altcoins except the bull run from Bitcoin [BTC].
Amongst the $1 billion MCap cryptocurrencies, Tezos [XTZ], Cardano’s ADA, Tron [TRX] and IOTA gained above or around 10%. ADA and TRX gained 11.6% and 10.7% on a daily scale. The price of ADA and TRX at 4: 00 hours UTC on 15th May 2019 is $0.085 and $0.0284 respectively. Furthermore, the gains on XTZ were more stupendous as its price broke above $1.6. It gained 17.4% on a daily scale.
The total market capitalization of the cryptocurrency market is closing in on $250 billion as it added about $4 billion in the past day. The dominance of Bitcoin [BTC] corrected from its yearly high of 60%, currently at 58.2%.
With the bull run in progression do you think we’ll reach 2017 highs soon or more accumulation is required? Please share your views with us.
The post Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run appeared first on Coingape.
Source: CoinGape

Cardano’s [ADA] Charles Hoskinson announces collaboration with Polymath

Charles Hoskinson, Co-founder of Cardano and Ethereum, is all set to partner with a securities token platform, Polymath. With the latest collaboration, Hoskinson would take on the position of Co-architect for Polymesh, world’s first security token blockchain. The collaboration was revealed during the Consensus 2019 event by Trevor Koverko, Co-founder of Polymath.
Polymath posted,
“Polymath Announces Polymesh with Charles Hoskinson, Co-Founder of Ethereum and Cardano, and CEO and Founder of IOHK”
The security token platform revealed plans to develop “a purpose-built security token blockchain.” The Cardano developer stated that Polymesh is planned by keeping in mind the “unique needs and characteristics” that are required of a specific foundation. According to Polymath’s blog post, the adoption of security tokens was never overwhelming, due to the compliance issue. Polymesh plans to develop into an essential infrastructure for the world’s capital market.
Talking about the collaboration with the Cardano Co-founder, Koverko said,
“We’re incredibly excited to work with Charles on a purpose-built blockchain for security tokens.”
Cardano’s Hoskinson asserted that security tokens should not live in a completely open system as any activity in the open system becomes a “shared resource.” While talking to Forbes, he further added,
“Security tokens are data intensive protocols, which means operating costs will be high, and this won’t scale if we are talking about millions of securities, which we will eventually see. Moreover, things need to be done that you wouldn’t want to be done on Ethereum, like freeze or reverse transactions. “
The post Cardano’s [ADA] Charles Hoskinson announces collaboration with Polymath appeared first on AMBCrypto.
Source: AMB Crypto

Cardano intends to be a financial operating system for people who don’t have one, says Charles Hoskinson

While most crypto enthusiasts are focused on Bitcoin’s [BTC] epic comeback, the other half of the cryptoverse has shifted its interests to the technology side of it. The recent Cardano-Polymath partnership announced at the “Consensus 2019,” created a mix of buzz and commotion, in terms of the duo’s roadmap. In order to clear out the resultant confusion, Charles Hoskinson, Co-founder of Ethereum and Founder of Cardano, conducted a livestream on YouTube, explaining the intent behind the collaboration.
The video started with Hoskinson explaining Polymath’s involvement in conducting “over 120 security token offerings on Ethereum network,” and how its growth has been crippled due to existing compliance issues. He also supported the Cardano-Polymath partnership by saying,
“I firmly believe we’re going to need different standards and ecosystems. Cardano intends to be a financial operating system for people who don’t have one.”
Additionally, Hoskinson explained his belief in changing existing standards, including decentralized identifiers, and standards for metadata and interoperability. While the crypto-veteran explained his version of changes that are to be implemented by the world, he added,
“(As a result,) Certain marketplaces will probably be either black listed or less popular with, but it’s the moral and right thing to do. It’s just important for the consumer to be informed that when they hold an asset and have total control over it.”
The livestream also focused on Cardano’s partnership with Atala, which is currently running a pilot program with the pre-discussed framework. With respect to this particular partnership, Cardano’s primary role is to act as an auditor/issuer and maintain transparency and control for users. Finally, Hoskinson concluded the video by announcing his excitement at being part of a group that is “making new standards for the blockchain space and for the next generation of finance.”
The post Cardano intends to be a financial operating system for people who don’t have one, says Charles Hoskinson appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Rallies $25 Billion, Bitcoin Up 12%: BCH, LTC, EOS, ADA Analysis

The total crypto market cap surged higher and broke the $215.0B and $220.0B resistances.
Bitcoin price rallied more than 12% and it recently broke the $8,000 resistance.
Litecoin (LTC) price is trading nicely above $90.00 and it could test $95.00 or even $100.00.
Bitcoin cash price is likely to break the main $400 resistance level in the near term.
EOS price broke the $5.60 and $5.70 resistance levels, and tested $5.95.
Cardano (ADA) price is gaining momentum and it could soon break the $0.0800 resistance

The crypto market cap surged above $225.0B, bitcoin (BTC) broke $8,000, and ripple climbed 15%. Ethereum (ETH), litecoin (LTC), BCH, EOS, tron (TRX), and ADA are also accelerating gains.
Bitcoin Cash Price Analysis
There were sharp gains in bitcoin cash price above the $360 resistance level against the US Dollar. The BCH/USD pair climbed more than 12% and broke the $370, $375 and $385 resistance levels. The price even climbed towards the $400 resistance level and it is currently consolidating gains.
In the short term, there could be a few range moves, but the price is likely to break the $400 level. The next key resistance is near the $420 level, where sellers may emerge. On the downside, the main supports are $385 and $375.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price climbed higher recently and broke the $82.00 and $86.00 resistance levels. LTC price even broke the $90.00 barrier and it is currently trading near the $92.00 level. On the upside, the next key resistances are near the $95.00 and $100.00 levels.
EOS price is up more than 8% and it recently broke the $5.60 and $5.70 resistance levels. The price is now trading above the $5.85 level and it could soon test the $5.95 and $6.00 barriers.
Cardano price started a strong upward move after it broke the key $0.0700 resistance level. ADA price is up more than 10% and it recently broke the $0.0750 and $0.0760 resistance levels. It seems like the next stop for the bulls is $0.0800, with supports near $0.0760 and $0.0750.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp rise above the $205.0B resistance level. The market cap gained more than $20 billion and broke the $220.0B resistance. It tested the $226.1B level and it could continue to rise in the near term. An immediate resistance is at $228.0B, above which the next stop could be $230.B. On the downside, there are many supports near the $222.0B, $220.0B and $215.0B levels. Overall, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
The post Crypto Market Rallies $25 Billion, Bitcoin Up 12%: BCH, LTC, EOS, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Top Gainers: Bitcoin’s $7,000 ascendance sparks massive rally; BCH, ADA, LTC, EOS see double digit gains

Bitcoin [BTC] has finally broken the elusive $7,000 price ceiling, taking it above the price cliff of November 2018 and into a nine-month high. As can be expected, with the king coin holding 59 percent dominance and experiencing wave-after-wave growth, surrounding altcoins were invigorated as well.
At the helm of the altcoin rise were the familiar foes, often trading places in the past few months, Bitcoin Cash [BCH], Litecoin [LTC], and EOS [EOS]. The coins ranked between 4th and 6th saw massive price gains, in double-digit terms, but by no means were they the only massive risers, as Cardano [ADA], Ethereum [ETH], and Binance Coin [BNB] also saw a spur.
Source: Trading View
Bitcoin Cash, only a day after its flash hike, saw another whopping gain of over 20 percent against the US dollar in 24 hours, with its price, at press time, amassing $350.4. The coin whose November 2018 hardfork triggered the peak of the winter, rose from $280 to over $375 and fell back to the $340 mark, which is acting as a support level, before rising back up to $350.
In the past few days, the coin’s market cap has seen an addition of over $1.5 billion and now stands at $6.23 billion. LBank takes the top spot for BCH trade volume, holding 8.14 percent of global volume in the pair BCH/USDT.
Source: Trading View
Cardano, the second highest gainer in the market, amassed an 18.6 percent gain in price. In the ensuing upswing, the ADA price rose from $0.059 to $0.078 and fell back to $0.073, shooting back up as a support level would, and is now trading at $$0.075.
The coin’s market cap added over $500 million and currently stands at $1.95 billion. ZBG accounting for 21.12 percent of global ADA volume in the trading pair, ADA/USDT takes the top spot.
Source: Trading View
EOS, the last of the trio mentioned above, rose by a notable 14 percent against the dollar, trading at $5.56 percent at press time. In the past two days, the coin’s price shot up from $4.73 to $5.76, dropping to $5.48, acting as support and then rising back to its current price. The market cap of the coin added over $700 million since the bullish swing began and stood at $5.06 billion. DigiFinex took the top spot, accounting for 7.98 percent of global EOS volume, in the pair EOS/USDT.
Source: Trading View
Litecoin was on the heels of EOS, in price gain, and edged the latter on the coin ladder. Digital Silver saw a 13.6 percent gain, and is trading currently at $88.84. The king coin’s bulls took its silver counterpart to as high as $93.17, before dropping to the support level of $86.21 resulting in a bounce up to its current level. The market cap saw a $1.2 billion addition and, at press time, stood at $5.48 billion. Coineal took the top spot in LTC trade volume, holding 12.66 percent of the total, in the pair LTC/BTC.
Other notable gainers were Ethereum, rising by 10.79 percent, Binance Coin, gaining 7.18 percent, and Stellar Lumens, up by 9.28 percent while the collective market cap stands at $216 billion.
The post Top Gainers: Bitcoin’s $7,000 ascendance sparks massive rally; BCH, ADA, LTC, EOS see double digit gains appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis

The total crypto market cap surged higher and tested the $200B resistance level.
Bitcoin price gained traction above $6,500 and traded close to the $7,000 level.
Litecoin (LTC) price is up 15% and it recently broke the $85.00 resistance
Bitcoin cash price gained more than 12% and surged above the $300 and $310 levels.
EOS price is also up more than 10% and recently cleared the $5.20 resistance area.
Cardano (ADA) price rallied 12% and it recently broke the $0.0700 resistance level.

The crypto market cap rallied to the $200 billion level, while bitcoin (BTC) climbed towards $7,000. Altcoins also started an upward move, with gains in Ethereum (ETH), litecoin, ripple, EOS, tron (TRX), and ADA.
Bitcoin Cash Price Analysis
There was a strong upward move in bitcoin cash price above the $295 resistance level against the US Dollar. The BCH/USD pair climbed more than 10% and broke the $300, $310 and $315 resistance levels. The price is currently trading above the $320 level and it may continue to rise towards the $330 or $340 level.
Besides, if there is a downside correction, the recent hurdle near the $310 and $300 levels could act as a strong support for the bulls in the near term.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price rallied more than 15% and it recently cleared the $80.00 and $85.00 resistance levels. LTC price is gaining momentum and it seems like it could test the $88.00 or $90.00 level in the near term.
EOS price also followed other major altcoins and gained more than 10%. The price surpassed the main $5.05 resistance level and recently climbed above the $5.20 level. The next key resistance is at $5.35, above which the price could test the $5.50 resistance level.
Cardano price finally started a strong upward move above the $0.0680 and $0.0685 resistance levels. ADA price is up around 12% and it recently cleared the $0.0700 and $0.07100 resistance levels. If the bulls remain in action, the price may rise towards the $0.0730 level.

Looking at the total cryptocurrency market cap hourly chart, there was a steady rise above the $180.0B and $185.0B resistance levels. The market cap gained more than $10 billion and broke a major bullish pattern. It surged towards the $200.00 billion market cap and it is currently correcting lower. On the downside, there are many supports near the $195.0B and $192.0B levels. On the upside, a clear break above the $200.0B resistance may open the doors for more gains towards the $205.0B and $208.0B levels. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
The post Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Top Losers: Binance hack costs market $4 billion as prices of BNB, Cardano [ADA], Ethereum [ETH] fall

Following one of the world’s largest cryptocurrency exchanges, Binance, suffering a hack that cost $40 million in BTCs, the market took a significant hit. The collective market lost $4 billion in a matter of hours, since news of the hack first broke out.
Unsurprisingly, the cryptocurrency that suffered the most was the exchange’s native token, Binance Coin [BNB]. Since BNB’s performance is directly tethered to the operations of its exchange, Binance Coin was the biggest loser in the coin market. Previously, the coin had broken its all-time-high on the back of the Binance DEX launch.
After reaching $24 last week, the coin saw a consistent decline. Following the hack, the coin dropped by 8.56 percent to $19.97, in two hours. With rumors of a possible re-org, which have since been denied, the coin’s price saw waves of movement, before settling on its press time price of $20.89, a 6.62 percent dip against the Dollar over 24 hours.
The market cap of the coin saw a whopping $200 million drop, plummeting to $2.81 billion. Since then however, the native token managed to regain a little over $130 million and was valued at $2.94 billion, at press time.
Binance took the top-two spots in terms of global BNB trade volume, with the BNB/USDT and BNB/BTC trading pairs accounting for 23.36 percent and 15.94 percent of the total volume.
Source: Trading View
Given the dominance of the exchange, a slew of coins was brought down by the Binance hack. Cardano [ADA] recorded saw a 5.17 percent decline in price, dropping to $0.062 in a matter of hours. With the immediate bears backing off, the cryptocurrency however, managed to climb up to $0.0643. The ordeal saw Cardano lose over $70 million in market cap, with the same standing at $1.67 billion, at press time.
Ethereum [ETH] and Stellar Lumens [XLM] also showed notable drops. The top altcoin declined by 3.78 percent over 24 hours, following a massive 10 percent price pump owing to a rumor about the CFTC “being comfortable” with Ethereum futures contract. XLM also fell by 3.74 percent.
The only shining light in the top-15 was Justin Sun’s Tron [TRX], which saw a price incline of 2.54 percent on the back of Sun’s offer to help out the hacked exchange in this dark time.
The post Top Losers: Binance hack costs market $4 billion as prices of BNB, Cardano [ADA], Ethereum [ETH] fall appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Jumps $15 Billion: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis

The total crypto market cap is up more than $15.0B in the past three days.
Bitcoin price rallied more than 5% and traded above the $5,800 resistance level.
Litecoin (LTC) price is up around 6% and it broke the key $75 and $78 resistances.
Bitcoin cash price rallied 10% and broke the main $295 and $300 resistances.
Tron (TRX) price finally broke the $0.0242 and $0.0245 resistance levels.
Cardano (ADA) price is back above $0.0700 and it may climb further towards the $0.0750 level.

The crypto market cap rallied, with strong gains in bitcoin (BTC), litecoin (LTC), bitcoin cash and EOS. Cardano (ADA), Ethereum (ETH), ripple, TRX, XLM and BNB are gaining traction.
Bitcoin Cash Price Analysis
Bitcoin cash price started a strong upward move and broke the $280, $290 and $295 resistance level against the US Dollar. BCH/USD broke the main $300 resistance level and it is currently trading with a strong bullish bias.
If the bulls remain in action, there are chances of more gains above the $310 and $315 resistance levels. If there is a downside correction, the price is likely to find bids near the $300 and $295 supports.
Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis
Litecoin price also gained momentum and broke the key $75 and $78 resistance levels. LTC is up more than 6% and it recently climbed above the $80 level. If there are more gains, the next stop for the bulls could be near the $85 level in the near term.
Tron price finally managed to gain strength above the $0.0242 resistance and tested the $0.0245 level. TRX price is trading with a positive tone and it seems like there could be an upside extension above the $0.0250 level in the near term.
Cardano price is slowly gaining traction and recently broke the $0.0690 and $0.0700 resistance levels. ADA price is likely to climb further higher if there is a clear break above the $0.0710 level in the near term. On the downside, the previous resistance at $0.0700 may act as a support.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $170.0B resistance and recently there was a break above the key $175.0B and $180.0B resistance levels. The market cap added more than 15.0B in the past three days and it tested the $186.0B level. On the upside, the next key resistances are near the $188.0B and $190.0B levels. If there is a downside correction, the main supports are at $180.0B and $178.0B. Overall, dips remain supported and there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.
The post Crypto Market Jumps $15 Billion: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Dominance Soars Above 55% After Meteoric Rise to 2019 High

The bitcoin price on Friday jumped 7.48 percent to establish a fresh five-month high towards $5,864. The uptrend further pulled altcoins out of their bias conflict scenarios.
Ethereum, for instance, printed 4.5 percent gains against the dollar in the last 24 hours. Similarly, XRP, EOS, Bitcoin Cash, Litecoin, and others also trended in positive territory after a week of sideways action.
Bitcoin Price Establishes Fresh 2019 High | Source: CMC
Nevertheless, the top altcoins underperformed against bitcoin. The last 24 hours saw Ethereum dropping 1.85 percent of its value against the king cryptocurrency. Similarly, Ripple’s XRP plunged 3.76 percent, Stellar dived a whopping 5.23 percent, and Cardano and Tron fell close to 3.5 percent each against bitcoin. Only Dash and Binance Coin managed to hold their gains.
The move helped bitcoin strengthen its dominance in the cryptocurrency market. Against a 33.41 percent control recorded on January 8 last year, the bitcoin market today covered more than 55 percent of the total cryptocurrency market. The statistics showed that more traders were flocking towards bitcoin during interim bullish sessions.

$BTC pairs in the past hour
"sir…there were no survivors" pic.twitter.com/IDLhb8KxnQ
— Josh HODLonautszewicz (@CarpeNoctom) May 3, 2019

The Josh Rager Bitcoin Theory
Cryptocurrency analyst Josh Rager said ahead of the ongoing rally that BTC had closed above its crucial resistance level while altcoins were already pulling back without achieving the said mettle. The analysts theorized that bitcoin – therefore – had a better probability of extending a bull run than Ethereum, Litecoin, and EOS.
“BTC looks stronger & closed above resistance while other altcoin majors hit resistance & pulled back,” stated Rager. “[I] would love to long/buy on a BTC pullback at $4,339-4,769 zone. Bitcoin has room to push up over $6,383 on 1M Chart so no promises on a pullback at this moment.”

$BTC vs Majors Month Chart
BTC looks stronger & closed above resistance while other alt majors hit resistance & pulled back
Would love to long/buy on a Bitcoin pullback at $4339 – $4769 zone
Bitcoin has room to push up over $6383+ on 1M Chart so no promises on pullback atm pic.twitter.com/X86vmIVDi4
— Josh Rager (@Josh_Rager) May 1, 2019

A few of these altcoins closed above their respective resistance areas during today’s trading session. The litecoin price, for instance, is now trending above $74.80. At the same time, Ethereum and EOS are still waiting to break above their resistance levels.
Meanwhile, bitcoin, whose last crucial resistance was lurking near $4,769, has confirmed an extended bull action, with its next upside target set towards $6,000.
The Potential BTC Pullback
Bitcoin Price Awaiting Breakout above $5,800 | Source: TradingView.com
The latest bull action brought the bitcoin price close to $5,809. This level in June 2018 served as strong support to bitcoin’s downtrend sentiment. The chart above shows two occasions in which the $5,809-level capped the price from extending its bear run. The level continued to provide atmospheric support on each of bitcoin’s downside attempts, unless the inconvenience caused by the Bitcoin Cash hard fork in November 2018 finally broke it.
Even today, the bitcoin price tested $5,809 before hinting a minor pullback. There is a possibility of BTC achieving $6,000 if it establishes an explicit breakout action above $5,809 – buying action accompanied by an increase in volume. Such a move could further increase BTC’s dominance in the cryptocurrency market.
The post Bitcoin Dominance Soars Above 55% After Meteoric Rise to 2019 High appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Smashes Resistance: Bitcoin Cash, Litecoin, EOS, ADA Analysis

The total crypto market cap climbed higher sharply and broke the key $170.0B resistance.
Litecoin (LTC) price is up more than 6% and it recently broke the $74 resistance
Bitcoin cash price surged more than 13% and surpassed the key $270 barrier.
EOS price is slowly grinding higher towards the $4.85 and $4.90 resistance levels.
Cardano (ADA) price is up more than 5% and broke the $0.0680 resistance level.

The crypto market cap cleared many hurdles, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as bitcoin cash, litecoin (LTC), ripple, EOS, tron (TRX), and ADA are gaining strength.
Bitcoin Cash Price Analysis
There was a strong upward move in bitcoin cash price above the $250 resistance level against the US Dollar. The BCH/USD pair surged more than 13% and broke the $255, $262 and $265 resistance levels. The price is currently trading above the $270 level and it may continue to rise towards the $275 or $280 level.
Conversely, if there is a downside correction, the recent resistances near $265 or $262 might act as supports and prevent a bearish break in the near term. The next main support for the bulls is near $255.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price formed a decent support base near the $70 level and recently climbed higher. LTC is up more than 5% and it recently broke the $72.20 and $73.50 resistance levels. The next key resistance is near the $75.00 level, where sellers might take a stand.
EOS price started a slow and steady rise after testing the $4.50 support level. It broke the $4.60 and $4.70 resistance levels, and recently climbed above $4.80. The next key resistance is near $4.85, above which the price might test the $4.90 or $4.92 resistance levels.
Cardano price finally managed to form a support base and recovered above the $0.0650 resistance. ADA price is up around 6% and it may soon test the $0.0700 resistance level. If there is a clear break above the $0.0700 and $0.0708 resistance levels, there could be a strong upward move towards the $0.0800 level in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $165.0B and $167.0B levels. The market cap broke a contracting triangle with resistance near the $168.2B level. It opened the doors for more gains above the $170.0B and $172.0B levels. It tested the next key resistance at $174.0B and it is currently holding gains. If there are more upsides, the next stop could be $176.0B or $178.0B. The main resistance for a strong rally is near the $180.0B resistance. Overall, there are many positive signs for bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
The post Crypto Market Smashes Resistance: Bitcoin Cash, Litecoin, EOS, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com