Ripple Further Spreads Its Reach Joining Chinese University for Blockchain Scholarship Program

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Ripple Further Spreads Its Reach Joining Chinese University for Blockchain Scholarship Program

Ripple recently partnered with the Institute for Fintech Research, Tsinghua University to offer scholarships. They aim to sensitize the Chinese young leaders about blockchain’s international regulations.

Ripple Further Spreads Its Reach Joining Chinese University for Blockchain Scholarship Program

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Source: CoinSpeaker

Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETH price declined recently below $120 and tested the key $112 support area against the US Dollar.
Yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently consolidating below the $118 and $120 resistance, with a few positive moves.

Ethereum price is placed in a bearish zone against the US Dollar and bitcoin. ETH/USD must break the $118 and $120 resistances to start a short term upside correction.
Ethereum Price Analysis
Yesterday, we saw a nasty decline in ETH price from the $125 swing high against the US Dollar. The ETH/USD pair broke the $122, $120, $118 and $115 support levels to move into a bearish zone. It tested the $112 support area where buyers emerged. Later, the price started consolidating losses and corrected a few points above the $114 level. It traded above the 23.6% Fib retracement level of the last slide from the $123 swing high to $112 swing low.
However, there are many hurdles on the upside near the $118 level. The price made a couple of attempts to surpass the $117-118 zone, but buyers failed to gain momentum. Besides, the 50% Fib retracement level of the last slide from the $123 swing high to $112 swing low is also near $118. More importantly, yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD. Finally, the 100 hourly simple moving average is positioned near the $120 level. Therefore, both $118 and $120 levels are crucial barriers for buyers in the short term.

Looking at the chart, ETH price may continue to trade in a range above $112 before the next move. If buyers push the price above the $118 and $120 resistance, there could be a recovery towards $125. If not, the price could retest the $112 or $110 level.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slightly placed in the bullish zone, with a flat structure.
Hourly RSI – The RSI for ETH/USD is currently moving higher towards the 50 and 55 levels.
Major Support Level – $113
Major Resistance Level – $120
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Ethereum Price Analysis: ETH Sinks Below Key Support, Could Extend Losses

ETH price failed to gain strength and declined heavily below the $118 support against the US Dollar.
There is a major bearish trend line formed with resistance at $121 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains at a risk of more losses as long as it is trading below the $119 and $121 resistances.

Ethereum price declined heavily in the past few hours against the US Dollar and bitcoin. ETH/USD settled below $120 and it may continue to decline towards $110 or $106.
Ethereum Price Analysis
After a decent recovery, ETH price faced a strong selling interest above the $125 level against the US Dollar. The ETH/USD pair formed a top near the $126 level and later started a sharp decline. It broke the $122 support and the 100 hourly simple moving average. The decline was crucial since the price broke the $120 and $118 support levels to move into a bearish zone. Sellers even pushed the price below the $115 level and a new weekly low was formed near the $113 level.
Later, the price started consolidating losses above $113 and corrected a few points higher. It moved above the 23.6% Fib retracement level of the recent decline from the $124 high to $113 swing low. However, the previous support near the $118 level is acting as a strong resistance. Moreover, the 50% Fib retracement level of the recent decline from the $124 high to $113 swing low is positioned near $118. More importantly, there is a major bearish trend line formed with resistance at $121 on the hourly chart of ETH/USD.

Looking at the chart, ETH price clearly moved into a bearish zone below $120 and the 100 hourly simple moving average. As long as it is trading below $118 and $120, there is a risk of more losses. The next supports are at $110 and $106.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly moving in the bullish zone, but with a bearish bias.
Hourly RSI – The RSI for ETH/USD is currently recovering above the 25 level, with a positive angle.
Major Support Level – $113
Major Resistance Level – $121
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Ethereum Price Weekly Analysis: ETH Facing Uphill Task Near $128

ETH price faced a strong resistance near the $127 and $128 levels recently against the US Dollar.
There is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair must break the $125, $127 and $128 resistance levels to move into a positive zone.

Ethereum price is struggling to clear many hurdles versus the US Dollar and Bitcoin. ETH/USD may climb higher sharply once there is a close above $128 and $130.
Ethereum Price Analysis
This past week, ETH price attempted to recover above the $132 and $133 resistance levels against the US Dollar. The ETH/USD pair tested the $133 level, but it failed to gain traction. As a result, there was a fresh decline and the price moved below the $130 and $125 support levels. There was a break below the 122 level and the price settled below the 100 simple moving average (4-hours). Moreover, there was a break below the 61.8% Fib retracement level of the last wave from the $113 swing low to $133 high.
The price tested the $117-118 support and found a decent buying interest. Besides, the 76.4% Fib retracement level of the last wave from the $113 swing low to $133 high acted as a support. Later, the price recovered, but it seems to be struggling to clear the $127 and $128 resistance levels. More importantly, there is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD. Therefore, the price must break the $125, $127 and $128 resistance levels to start a fresh upward move. The next key resistance is at $133, above which the price may climb towards the $140 level.

The above chart indicates that ETH price remains well supported near the $120 and $117 support levels. Having said that, a break above $128 is needed for a decent bullish wave.
Technical Indicators
4-hours MACD – The MACD for ETH/USD is slowly moving into the bullish zone, with a few bullish signs.
4-hours RSI – The RSI for ETH/USD is now placed nicely above the 30 level.
Major Support Level – $117
Major Resistance Level – $128
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Ethereum’s Constantinople Hard Fork to Activate by Late February

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Ethereum’s Constantinople Hard Fork to Activate by Late February

During the latest developer meeting, the core team agreed to adopt a “two-fork” to implement Constantinople safely on the Ethereum network.

Ethereum’s Constantinople Hard Fork to Activate by Late February

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Source: CoinSpeaker

Ethereum Constantinople Hard Fork Scheduled for Late February Following Recent Delay

Earlier this week, the highly-anticipated Ethereum (ETH) hard fork event – dubbed Constantinople – was delayed just one day before its scheduled event time due to the discovery of a significant security vulnerability that, if it were to have been implemented, would have allowed nefarious actors to steal user’s funds.
On a conference call this Friday with Ethereum’s lead developers, it was announced that the hard fork is now scheduled to occur on, or around, February 27th on block number 7,280,000.
Security Flaws Lead to Ethereum (ETH) Constantinople Delay
Ethereum saw some decent price gains earlier this month that many analysts attributed to the Constantinople upgrade, which will reduce the new supply of ETH by 33%. Over the long run, analysts speculated that this supply reduction would lead ETH to see greater price stability and gradual gains.
Prior to the hard fork being delayed, Michael Moro, the CEO of Genesis Global Trading, spoke about the importance of the supply reduction feature, saying that it could be bullish for ETH’s price.
“Being that the inflation rate will drop by a third, it could potentially reduce selling pressure that could come from the miners’ reward,” he said.
Mati Greenspan, the senior market analyst at eToro, also spoke about the event in an email, saying that Constantinople will lead to a new version of Ethereum that is “faster, cheaper, and has 33% less inflation.”
Although the security flaw, which was discovered this past Tuesday by ChainSecurity – a smart contract security audit firm – did lead to a delay of the event, the supply reduction feature that analysts deemed as being bullish will still be implemented when the upgrade occurs next month.
Although it is hard to tell how much of Ethereum’s January price surge is directly the result of investors anticipation of Constantinople, its price did drop nearly 8% after the delay and security flaw were announced earlier this week.
Constantinople Security Flaws to Be Solved in Subsequent Hard Fork
Originally, Constantinople featured five Ethereum Improvement Proposals (EIPs) that were intended to be incorporated all at once. Now, the one EIP that contained the security flaw has been removed from the February hard fork, and will be incorporated at a later time after more thorough testing can be done.
Péter Szilágyi, an Ethereum developer, spoke about the new hard fork plan in a recent tweet, saying:
“Seems we’re going with block 7.28M for the #Ethereum Constantinople refork scheduled for the 27th of February! Will be a single fork on mainnet and a post-Constantinople-fixup fork on the testnets to get them back in line feature wise with the main network.”
As the new upgrade date nears, investors and traders trying to profit from the event will likely exercise increased caution, as it is possible that there will be further delays if more issues are discovered.
Featured image from Shutterstock.
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Ethereum Consensus Shift Could Delay Any Derivatives Products

The biggest thing on the launch pad this year is the Bakkt crypto exchange which is currently in a holding pattern while US government employees twiddle their thumbs during Trump’s shutdown. Several other contenders are hopeful about Ethereum futures but according to one crypto exchange boss they are unlikely to be seen soon.
Regulatory Concerns Mounting
According to Paul Chou, chief executive officer of LedgerX, odds of an Ethereum derivative product launching in 2019 are 50-50 at best. The company is one of several which already have Ethereum options ready to trade. But just like Bakkt it is currently in the queue waiting for the CFTC to wake up from the prolonged government shutdown.
According to The Block regulators still don’t really understand Ethereum and are waiting for a ‘request for input’ which solicits information from market participants; “The RFI seeks to understand similarities and distinctions between certain virtual currencies, including here ether and bitcoin, as well as ether-specific opportunities, challenges, and risks,”
In addition to LedgerX are ErisX and Seed CX which also have Ethereum based derivatives on offer. CBoE Global Markets, which was one of the first to get Bitcoin futures off the ground in late 2017, also has an Ethereum product but is doubtful that regulatory approval will come soon.
Former fintech adviser to the CFTC, Jeff Bandman, said “They understand what a proof of work network is like because that’s how bitcoin works, but proof of stake raises new questions. Specifically, what are the risks?” He added that once the agency has gained more knowledge on the product it could start to deliberate in the first half of 2019 … providing the government shutdown comes to an end.
The Casper update will usher in proof of stake for Ethereum and change the landscape entirely, at least in the eyes of the CFTC. The delayed Constantinople update which was due yesterday is a preliminary step for a shift from PoW to PoS for the network. Crypto attorney Nelson Rosario told The Block;
“There is a lot of uncertainty, regulators see this and they think ‘what exactly are we giving you permission to sell a futures product on’,” with one industry insider adding “Staking mimics a derivative product. If you are holding ether as a stake than you are essentially betting it will go up and if you are not you are effectively betting it will go down, at worst, or at best you don’t want it sitting on the network. If you have a future on top of that then you are adding a level of complexity that developers have not worked through,”
The shift in consensus for Ethereum has been heralded as the biggest progression for the network but from a regulatory perspective it could be another big headache.
Image from Shutterstock
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Ethereum Price Analysis: ETH Buyers Not Out of Woods Yet

ETH price is currently struggling to settle above the $124-125 resistance area against the US Dollar.
There is a new connecting bearish trend line formed with resistance at $127 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may continue to find a strong buying interest near the $120 and $118 support levels.

Ethereum price struggled to break key resistances against the US Dollar and bitcoin. ETH/USD remains supported on dips, but a break above $127 is needed for more gains.
Ethereum Price Analysis
After an increase in the bearish sentiment, ETH price dropped towards the $118 support against the US Dollar. The ETH/USD pair found a lot of buyers near the $117-118 zone, resulting in a decent upside correction. The price jumped sharply above the $120, $124 and $127 levels. Buyers were successful in piercing the 50% Fib retracement level of the recent decline from the $130 swing high to $117 swing low. There was a spike above the 100 hourly simple moving average and $128.
However, the price failed to stay above the $127 resistance and later declined. There was a rejection near the 76.4% Fib retracement level of the recent decline from the $130 swing high to $117 swing low. The price is currently trading below the $125 resistance and the 100 hourly simple moving average. Moreover, there is a new connecting bearish trend line formed with resistance at $127 on the hourly chart of ETH/USD. Therefore, there are a few important hurdles near the $124, $125 and $127 resistance levels. A clear break and close above the trend line is must for an acceleration towards $130 and $135.

Looking at the chart, ETH price is facing tough resistances on the upside near the 100 hourly SMA and $127. Having said that, it remains well bid on the downside near the $120, $118 and $117 support levels.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently flat in the bearish wave, with no major bullish signal.
Hourly RSI – The RSI for ETH/USD is flirting with the 50 level, with chances of an upward move.
Major Support Level – $113
Major Resistance Level – $124
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ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

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ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

Having entered in a partnership with Tron, ABCC crypto exchange has become the first exchange to list tokens based on TRC10 technical standard.

ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

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Source: CoinSpeaker

Ethereum Price Analysis: ETH Stays Bullish Despite Constantinople Fork Delay

ETH price trimmed most its recent gains and declined below the $121 support area against the US Dollar.
There was a break below a connecting bullish trend line with support at $120 on the hourly chart of ETH/USD (data feed via Kraken).
The pair still remains supported on the downside above the $113 and $114 levels.

Ethereum price declined against the US Dollar and bitcoin after the Constantinople hard fork was postponed. However, ETH/USD could bounce back as long as it is above $113.
Ethereum Price Analysis
Yesterday, we saw a solid upside break above $121 and $124 in ETH price against the US Dollar. The ETH/USD pair even broke the $128 resistance and later spiked above the $130 level. However, the upside move was capped by the $131-132 zone. It also represents the 50% Fib retracement level of the key drop from the $151 high to $113 low. More importantly, the drop was due to the delay announcement of the Constantinople hard fork. The market reacted to the downside and the price dropped below $124.
Sellers gained traction and pushed the price below the 61.8% Fib retracement level of the recent wave from the $116 swing low to $132 swing high. More importantly, there was a break below a connecting bullish trend line with support at $120 on the hourly chart of ETH/USD. The pair settled below the $124 level and the 100 hourly simple moving average. The current price action is bearish below the $121 pivot level and the 76.4% Fib retracement level of the recent wave. On the downside, there are a few important supports near $114 and $113.

Looking at the chart, ETH price may correct a few points, but it is likely to revisit the $113 support area before a fresh bullish wave. On the upside, a break above the $121 and $124 levels is needed for a decent upward move.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently in the bearish wave, but it’s losing momentum.
Hourly RSI – The RSI for ETH/USD is currently well below the 50 level, with a slight bearish angle.
Major Support Level – $113
Major Resistance Level – $124
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Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

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Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

The ongoing government shutdown achieved a new milestone on Friday by hitting the record for the longest shutdown in US history. While all the spheres are negatively affected, this has laso put key developments in the crypto space on hold.

Thanks US Shutdown: Why Bakkt and Others Will Likely be Delayed

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Source: CoinSpeaker

Ethereum Constantinople: A Classic Case of “Buy the Rumor, Sell the News” says Weiss Ratings

Ethereum Constantinople hard fork is just about here and ETH has risen 9% as the market sees green. However, this system upgrade that is focused on speed, low cost, and efficiency, according to Weiss Ratings is a classic case of “buy the rumor, sell the news.”
Ethereum Jumps 9% Amidst Green Market
Ethereum’s hard fork, Constantinople is just a day away and the 3rd largest cryptocurrency is finally seeing a surge in price. As the market turns green and registers gains between 2 to 5 percent, Ethereum is up by 9 percent in the past 24-hours.
Source: Coinmarketcap
 
However, according to Weiss Ratings, this won’t help Ethereum in gaining back its momentum as this is just a case of “buy the rumor and sell the news.
“ETH’s Constantinople hard fork and network upgrade is due this Wednesday. Sadly, this won’t help ETH reclaim its lost glory. This is the classic case of “buy the rumor, sell the news”.”
Some do agree with this as one Twitter user commented, “100% true. Ethereum strategy: launch first without stability, promise the future. Repeat.” While another one stated, “Right, doesn’t sound too impressive…”
However, many are optimistic as one enthusiast says “I think it’s awesome that Ethereum itself continues to evolve.”
Realizing the Full Potential
Constantinople, the name of the Ethereum’s hard fork upgrade coming on January 16th is a multi-step journey that will implement protocols such as Proof of Stake. The system upgrade will be implemented at block 7,080,000.
This hard fork won’t be seeing any currency split as happened at the time of Ethereum Classic as Ethereum Community at large supports Constantinople. A brief review of the 5 Ethereum Improvement Proposals (EIPs) include,
EIP 145: Bitwise Shifting Instructions for Efficiency & Speed – This upgrade means the execution of shifts in smart contracts will be 10x cheaper.
EIP 1052: Smart Contract Verification for Speed & Energy – This improvement will allow for the smart contract to verify one another by pulling just the hash of the other smart contract.
EIP 1014: CREATE2 for Scalability was developed by Vitalik Buterin. This improvement is for the enablement of state channels.
EIP 1283: SSTORE – This proposal is to reduce the gas cost by enabling multiple updates to occur within one transaction more cheaply.
EIP 1234: Block Rewards & Difficulty Bomb Delay is the most discussed and anticipated upgrade. The block reward reduction will reduce the reward from 3 ETH to 2ETH after the fork which will further reduce the inflation. The difficulty bomb delay if activated would increase the energy required to mine a block until no new blocks can be mined.
With these improvements focused on lower cost, speed, and efficiency, it can help Ethereum to realize its full potential.
 
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Source: CoinGape

Ethereum Classic [ETC] outperforms Ethereum [ETH] even after 51% attack

The growling bear has not shown mercy on any coin in the CoinMarketCap list and had led to a bleeding market over the past couple of days. However, Twitter user Kevin Rooke made an observation regarding Ethereum [ETH] and Ethereum Classic [ETC], that astonished many.
Kevin tweeted:
“Last week, Coinbase announced a 51% attack on Ethereum Classic worth over $1 million in double-spends. Since then, Ethereum Classic has *outperformed* Ethereum by 7%. WTF.”
Source: Twitter
Recently, Ethereum Classic faced a 51% attack from hackers that raised a lot of questions on the security of the digital assets. The hackers or organization behind the 51% attack are still unknown, but as of January 13, the hackers returned 100k USD worth of token to the company. Exchange Gate.io has not yet been able to find out the individual or the group of people behind the attack along with the reason of the sudden change of heart.
However, the observation presented by the Twitter user stands true as the picture attached with the tweet shows precise calculations about Ethereum Classic [ETC] having suffered comparatively lesser damage than Ethereum [ETH] even after being a victim of the 51% attack.
The data was collected by the user for ETC on the January 7, when ETC recorded a 24-hour trading volume of $126 million. The user compared the growth of the coin with ETC’s 24-hour trading volume of January 13, which was recorded to be $114 million. The coin reported a dip by 16.7% according to Kevin’s calculation.
ETH, recorded a trading volume of $2.7 billion on January 7 after which it fell to $2.2 billion on January 13. The coin suffered a loss of 23.7% over the week, which is seven percent more than that of ETC. ETH suffered more loss in a week than ETC, even after being attacked and the transactions being halted for more than a day.
At the time of press, ETH was valued at $118.90, with a market cap of $12.4 billion. The coin registered a 24-hour trading volume of $2.4 billion, whereas, ETC was valued at $4.28, with a market cap of 459 million. The 24-hour trading volume of the coin was noted to be $121 million with a fall of 3.84%.
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Source: AMB Crypto

Ethereum Price Analysis: ETH Breaks Key Resistance As Sellers Lose Control

ETH price rallied recently and recovered sharply above $121 and $126 against the US Dollar.
Yesterday’s highlighted important bearish trend line was breached at $121 on the hourly chart of ETH/USD (data feed via Kraken).
The pair tested the $130-132 resistance area and now it may correct a few points in the near term.

Ethereum price jumped back above key pivot levels against the US Dollar and bitcoin. ETH/USD could continue to move higher towards $136 after a minor downside correction.
Ethereum Price Analysis
Yesterday, we saw a nasty decline below the $121 and $115 supports in ETH price against the US Dollar. The ETH/USD pair traded as low as $113.48 and started consolidating. Later, sellers slowly lost control, resulting in a bullish reaction above $115 and $118. The price rallied more than $15 and broke the $121 and $126 resistance levels. There was also a break above the 23.6% Fib retracement level of the last major decline from the $151 high to $113 low.
More importantly, yesterday’s highlighted important bearish trend line was breached at $121 on the hourly chart of ETH/USD. The pair settled above the $125 level and the 100 hourly simple moving average. It traded close to the 50% Fib retracement level of the last major decline from the $151 high to $113 low. At the moment, the price is consolidating gains above the $125 level and the 100 hourly SMA. Dips from the current levels remain supported near $125 and $124. The main support is now $121-122, below which the price might move back in a bearish zone.

Looking at the chart, ETH price is showing a few positive signs above $121 and $125. If it breaks the $130-132 zone, there could be more gains in the near term. The next stop could be $136, which is the 61.8% Fib retracement level of the last major decline.
ETH/USD Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly reducing its bullish slope, signaling a short term correction.
Hourly RSI – The RSI for ETH/USD is currently well above the 60 level, with a minor bearish angle.
Major Support Level – $121
Major Resistance Level – $132
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Top-three weekly losers: Ethereum [ETH], Bitcoin Cash [BCH], and EOS lose ground

The first week of 2019 was good signs for the entire cryptocurrency market, as Bitcoin [BTC] was performing well when it crossed above the $4,000 line. Every other cryptocurrency was enjoying the short term rally but this was a short-lived rally.
On January 10, 2019, the price of Bitcoin fell down by a whopping $250 in a matter of an hour, and the whole of the cryptocurrency market collapsed by $10 billion.
Ethereum [ETH]
Source: CoinMarketCap
As for the second week of January 2019, the markets were in a very distraught state, as the top losers for this week were Ethereum, which lost a massive 19.11% in a matter of 7-days. Ethereum, as a result, has become the biggest loser of the second week.
The price of Ethereum has fallen from $157 to $127 in a week, while the market cap has dropped from $16 billion to $13 billion.
The 24-hour volume for Ethereum is holding steady at $2.42 billion and DOBI  Exchange provides most of the trade volume via the trading pair ETH/BTC. DOBI Exchange contributes a total of $97 million worth of trade volume.
Bitcoin Cash [BCH]
Source: CoinMarketCap
Bitcoin Cash comes on the second spot with its 7-day price change at 16.58%. The price of Bitcoin Cash started trading at $166 which fell to $130 within a week.
The market cap of BCH fell from $2.91 billion to $2.30 billion and the 24-hour trading volume shows a total of $203 million which is majorly contributed by Huobi exchange via the trade pair BCH/USDT. The exchange provides a total of $23 million volume to the total trade volume.
EOS
Source: CoinMarketCap
EOS is the third largest weekly loser. The 24-hour price change is at 10.89% with the price collapsing from $2.73 to $2.42 within the week.
The market cap for EOS collapsed from $2.4 billion to $2.2 billion, which, when compared to the above-mentioned losers is considerably less.
The trading volume of EOS is comparatively lesser than ETH as it is at $717 million. Bibox exchange provides a total of $76 million in trade volume via the trading pairs EOS/ETH, EOS/BTC, and EOS/USDT.
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Source: AMB Crypto