Crypto Market Wrap: All Eyes On Bitcoin as Altcoins Consolidate

Crypto markets consolidating today; Bitcoin takes a breath, LTC back up,  XRP, EOS and Tezos retreating.
Market Wrap
Crypto markets have remained in consolidation for the past 24 hours. Very little movement has occurred on most of the majors as Bitcoin shows no direction at the moment. Total market capitalization remains around $285 billion this Wednesday morning.
Bitcoin peaked at $9,250 yesterday but failed to hold that level, sliding just below $9k three times in the past 12 hours. It did recover back above it every time though and is currently sitting at $9,150. With heavy resistance above $9.5k and a new support zone at $8.7k BTC could consolidate here for a while.
Ethereum is still stagnant, dropping back below $270 again in a downside correction. The next key support level is $260 and a fall through this could lead to larger losses for ETH. Without any clear fundamentals it is hard to see where else it can go in the short term.
Altcoin Outlook
Red dominates the top ten during today’s Asian trading session. XRP could not hold on to its gains despite the big partnership announcement and has fallen back over 3 percent to $0.43. Bitcoin Cash, EOS and Stellar are shedding a similar amount as altcoins remain weak. Only Litecoin and Binance Coin are in the green, but only just as these two continue to hold strong.
The top twenty outlook is also mixed but most crypto assets remain flat for another day. Ethereum Classic and Tezos are the only two that have really moved in the past 24 hours and both are falling back. Zcash is making a comeback and is about to flip NEM for that 20th spot as ZEC grabs 8 percent on the day.
FOMO: Insight Chain Cranks
The pump of the day has gone to INB which has spiked 85 percent to reach $0.34. There does not appear to be anything obvious fundamentally driving this EOS based blockchain project. Nearly all of the volume is on one exchange, Livecoin, indicating that the pump is probably manipulated.
Ardor is doing well today with a climb of 26 percent and privacy based Zcoin is third with a 16 percent gain on the day. At the red end of the top one hundred is Aurora which probably isn’t worth mentioning any more. Zilliqa and Chainlink are also dumping over 7 percent each.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has not really changed much over the past day. It is back to yesterday’s level of $284 billion with a daily volume of $54 billion which has fallen significantly this week. Altcoins are still largely frozen as Bitcoin continues to dominate, still commanding over 57 percent of the market.
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.
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Source: New feedNewsBTC.com

Crypto Analyst: IEO Tokens Matic, Harmony One, More to Bring 1000x Returns to Holders

Upon any visit to crypto Twitter or any online cryptocurrency community for that matter, and you’ll be hard pressed to avoid over the top shilling of the recent IEO tokens, notably the Binance Launchpad-born tokens, Harmony One, Celr, Fetch, BitTorrent Token, and the Coinbase Ventures-backed Matic.
While the shilling may be relentless, the incessant mentions of these tokens could be other crypto traders doing the community a solid. A common thread throughout the crypto space is that these hot and hyped, shiny new tokens have serious momentum behind them, and have never experienced a bull market before.
Matic, Fetch, Celr, BitTorrent, Harmony One: IEO Coins Could 1000x
During the 2017 crypto bull run, there were two major factors in capturing the mainstream media and public’s attention: Bitcoin and its meteoric rise to its all-time high of $20,000, and the initial coin offering craze that allowed eager crypto investors to get in on the ground floor of a blockchain or crypto startup, and often led to enormous gains. But that bubble popped, and ICOs quickly found themselves in the crosshairs of the United States Securities and Exchange Commission and those that launched the popular crowdfunding efforts are being accused of unlawfully offering unregistered securities.
Related Reading | Matic Moons on Binance Launchpad Endorsement 
Now, as a new bull market begins to take shape, crypto analysts are expecting tokens born from a new crypto crowdfunding trend called the IEO – the initial exchange offering – to replace the ICO explosion, and the early coins birthed by such a format could bring crypto investors who buy and hold the new assets as much as “1000x” returns in future.

I haven’t said anything so far about$ONE$MATIC$BTT$CELR$FET
But if the past ICO pattern repeats, some of the new IEO coins may deliver 100-1000x returns from IEO price/lows with Buy & Hold approach
Does any of them have a potential & Why?#Bitcoin #Crypto #IEO REPOSTING
— Trading Room (@tradingroomapp) June 11, 2019

According to one crypto analyst, these IEO tokens, namely the Binance Launchpad tokens, are primed and ready to become the top performers during the next crypto bull run that is starting to take shape. The bullish analyst believes that these IEO tokens could repeat the pattern of the ICO boom, and “may deliver 100-1000x returns” with a buy and hold strategy.
This means that simply buying an IEO early enough, could bring investors 1000x returns without having to make any additional trades.
Price Discovery and Lack of Resistance Can Send New and Hyped Crypto Prices Sky High
It’s not just IEO tokens like Matic and Harmony One that are being positioned by leading crypto analysts as the next bull run’s top performers.
Like IEO tokens, some other, newer cryptocurrencies are garnering far more hype than any of the tokens from previous market cycles, except for maybe Litecoin, which has outperformed the rest of the space.
Other crypto coins with serious hype, are Ravencoin, Holochain, Tezos, Cosmos, and a select few others that have yet to experience a full-blown bull run. These tokens have also performed relatively well throughout the bear market.

Part of the reason for these tokens to surge so strongly, is due to the lack of the assets ever going through price discovery, and the lack of overhead resistance between current prices and the moon. But beyond these technical reasons, each of the IEO projects is also fundamentally sound, and has already received the support of the crypto exchange they were launched on.
Related Reading | Ravencoin, HoloChain, and Binance IEO Altcoins Expected To Skyrocket Next Bull Run
In a market driven on pure speculation, the most hyped coins often perform the best regardless of use case, price, ROI, and more. Such hype  could cause investors to FOMO hard into these shiny new tokens and cause them to 1000x as analysts suggest.
The post Crypto Analyst: IEO Tokens Matic, Harmony One, More to Bring 1000x Returns to Holders appeared first on NewsBTC.
Source: New feedNewsBTC.com

Tezos replaces CFO with PwC Switzerland’s blockchain creator

Tezos Foundation announced the hiring of Roman Schnider, the former Assurance Director at PricewaterhouseCoopers(PwC) and Co-creator of its blockchain initiative. Schnider will take on the role of Chief Financial Officer and Head of Operations in summer 2019.
Over the past year, PwC Switzerland has served the role of an independent external auditor of the Tezos Foundation’s finance and business operations. This has allowed Schnider to become familiar with the Foundation and its protocol. Schnider was quoted as saying, 
“I sincerely look forward to joining the Tezos Foundation.Together, we will work to serve and support the Tezos community in the most effective, efficient and transparent way possible.”
Ryan Jesperson, President of the Tezos Foundation, stated,
“As the Foundation continues to provide resources to a growing Tezos ecosystem, the CFO and operations lead will be critical to our success.
Roman’s experience makes him the ideal finance and operations specialist for our team. He is already familiar with the opportunities and challenges blockchain projects face and has a deep understanding of the Tezos Foundation from his time at PwC Switzerland.”
Roman Schnider has been with PwC for nearly 15 years and is now going to replace Eelco Fiole, who joined Tezos only five months ago. Schnider had launched PwC’s blockchain and cryptocurrency assurance department back in 2016. His work was not limited to a single field, with Schnider working in various roles with a special focus on investment banking.
Jesperson conveyed his gratitude to Eelco Fiole by saying, “We want to thank Eelco for his contribution to the development of the Foundation and wish him all the best.”
The post Tezos replaces CFO with PwC Switzerland’s blockchain creator appeared first on AMBCrypto.
Source: AMB Crypto

Tezos Foundation awards grant for development of tezblock; initiates concept of ‘Minimal Viable Product’

According to a Medium post, it was announced that Papers, the organization responsible for the development of crypto wallet AirGap, has been awarded funds for the development of tezblock. The grant was sanctioned by the Tezos Foundation for meaningful block exploration accessibility of Tezos.
The grant could be very essential from the development perspective of Tezos as tezblock, which is a block explorer for the virtual asset, focuses on making the Tezos protocol more available and validating the data with a better approach.
The post also stated that the tezblock code would be open-sourced under an MIT license and the grant would assist the organization in initiating the initial concept towards a “Minimal Viable Product.”
Following the announcement the post said,
“We want to take a user focused approach with tezblock and build this explorer according to user feedback. Block explorers are being used by different user groups with various requirements.”
Lately, Tezos has been making waves in the crypto-industry after its parent blockchain made history after the activation of two separate backward-incompatible changes. Its recent upgrade termed as the “Athens A” for smart contracts and decentralized applications was decided via on-chain voting involving all the stakeholders.
Arthur Breitman, Co-founder of Tezos, stated,
“You can do more things in one block, and the main reason for that is that when the network launched, anyway, it was very new and limit was set at a pretty conservative value.”
At press time, Tezos was valued at $1.30 and it exhibited an impressive growth of 4.37 percent over the last 24 hours. The market cap for the virtual asset was around $850 million, at press time.
The post Tezos Foundation awards grant for development of tezblock; initiates concept of ‘Minimal Viable Product’ appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: Litecoin Leading Markets Higher With 10% Pump

Crypto markets inch up slowly; Litecoin and Tezos on a charge, BSV falling further back. 
Market Wrap
As we end another week in crypto land markets are starting to pick up a little. There has been no major breakout for Bitcoin yet but some of the altcoins are doing well and green is back in the tables. As a result total market capitalization is back over $250 billion again.
Yet again Bitcoin pushed just above $7,900 for an intraday high before pulling back. It subsequently dropped below $7,500 again hitting support for a double bottom. At the time of writing BTC is back to $7,900 trading flat on the day.
Ethereum has done virtually nothing over the past 24 hours and is still lulling just below $250. ETH is very unlikely to move until its big brother does, and it will definitely be in the same direction.
There is a little more activity in the top ten during today’s Asian trading action. Green dominates over red and Litecoin is the clear leader with a push of 10 percent to $113. Less than 60 days to the halving is driving momentum for LTC which is likely to climb higher in the coming weeks. Market cap has now surpassed $7 billion and it is very close to flipping BCH for fourth. XRP is the other mover today as it gains 5 percent as rumors of a MoneyGram buyout circulate. BSV continues to get dumped.
The top twenty cryptos have seen a lot of movement from Tezos which has surged 14 percent to $1.36. There does not appear to be a lot fundamentally feeding the fomo aside from rumors that Coinbase Custody is loading up on XTZ. The rest in this section are a percent or two in either direction today.
FOMO: Metaverse ETP Pumps
ETP is getting another spike today as it rises 16 percent following a recent Finwise event in Hong Kong. Aside from Tezos, HyperCash is also doing well gaining 13 percent on the day and Decentraland is up 11 percent.
Getting dumped at the messy end of the crypto top one hundred is Maximine Coin sliding 18 percent. Yesterday’s pump, SOLVE, is today’s dump as it drops 14 percent and the crypto stalwart MaidSafeCoin is losing out on the day sliding 11 percent.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has picked up marginally, adding $3 billion to reach $253 billion. Volume is at $70 billion and the minor move not been enough to signal a wider break out yet. All eyes are still on Bitcoin which has dropped back in dominance slightly at the expense of Litecoin.
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.
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Source: New feedNewsBTC.com

EOS Forces Litecoin Out of Top 5 Crypto List Ahead of a Big Announcement

Coinspeaker
EOS Forces Litecoin Out of Top 5 Crypto List Ahead of a Big Announcement
EOS has replaced Litecoin in the list of top 5 crypto by market cap while the community is waiting for a “big announcement”.
EOS Forces Litecoin Out of Top 5 Crypto List Ahead of a Big Announcement

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than most traders would have predicted from its historic prices. Moreover, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted,
“BTC on the move again… Asian market certainly doing their bit today.”
This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
The other four performing coins
Opening Price: $6968
Closing Price: $8109
The weekly gains: 16.3%
Weekly High/Low: $8390/$6178
Binance [BNB] Coin
Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain.
BNB/USD 1-Day Chart on TradingView
Opening Price: $20
Closing Price: $29.5
The weekly gains: 47.6%
Weekly High/Low: $32.2/$19.9
Stellar [XLM]
Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC.
XLM/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $0.10
Closing Price: $0.14
The weekly gains: 40%
Weekly High/Low: $0.16/$0.117
Ethereum [ETH]
Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets.
Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run
ETH/USD 1-Day Chat on Coinbase (TradingView)
Opening Price: $188
Closing Price: $259
The weekly gains: 38%
Weekly High/Low: $281/$185
Tezos [XTZ]
Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform.
It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2.
XTZ/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $1.24
Closing Price: $1.77
The weekly gains: 43.4%
Weekly High/Low: $1.833/$1.23
XRP, Dash, IOTA, and Cosmos [ATOM]
The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains.
The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 19th May 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
Source: CoinGape

Crypto Market Wrap: Correction Cools Off But May Not Be Over Yet

Crypto markets recover from their epic plunge; Binance Coin, Cosmos, NEM bounce back, Tezos still falling. 
Market Wrap
The brakes have been put on the big crypto pullback for now as things settle down while we enter the weekend. Bitcoin’s plunge had been halted above $7,000 yesterday and the altcoin avalanche came to an end, for now. Total market capitalization has moved back above $230 billion once again.
Bitcoin hit an intraday low of $7,045 a few hours ago but has already begun to march back upwards and is currently trading above $7,400. Volume, however, is starting to trail off which could be a sign of further downsides. The correction may not be over just yet.
Ethereum has remained stable over the past 24 hours and is trading just above $240. Since last weekend ETH has pumped an epic 37 percent and things are still very bullish in this camp.
The top ten is back in the green again during early morning Asian trading. Binance Coin has rebounded with a surge of 8 percent following yesterday’s double digit dumps. This has sent BNB back over $26. Stellar and Cardano are both recovering 4 percent today following their 14 percent dumps yesterday.
The top twenty is also starting to regain its composure after yesterday’s digital avalanche. Leading things at the moment are Cosmos and NEM both getting an 8 percent boost. Tron and IOTA are both up over 5 percent and the rest are all up a little. That is aside from Tezos which is in the red dropping 3 percent at the time of writing.
FOMO: SOLVE Surges into The Top 100
Today’s FOMO goes to SOLVE which has pumped 37 percent entering the top one hundred. South Koreans are all over it on Upbit which is getting over 60 percent of the total volume. The Ukrainian healthcare administration and payments based blockchain project token is selling like hot cakes at the moment.
BitTorrent Token is also getting a dose of FOMO as it pumps 28 percent on the day and Holo is the third altcoin above 20 percent. There are no major dumps going on right now but at the bottom of the pile is Dent and Tezos.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has regained a couple of percent to reach $232 billion today. After such an epic dump which lost over $30 billion it was inevitable that cryptos would pick up a little, however. Daily volume has dropped back to $93 billion (which is still very high) and the weekly and monthly uptrends are still holding for now.
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.
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Source: New feedNewsBTC.com

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

Crypto Market Wrap: Bitcoin Drives Markets Higher as Dominance Approaches 55%

Crypto markets moving up this Friday; Bitcoin leading the pack, Cosmos still climbing, BNB and Tezos doing well.
Market Wrap
Following a week of consolidation crypto markets have started to move again as Bitcoin grinds ever higher. The Friday momentum has pushed total market capitalization back towards the top of its trading range at $180 billion. Heavy resistance resides here though so further gains may not be forthcoming so quickly.
A couple of hours ago Bitcoin hit an intraday high of $5,550 adding nearly 3 percent on the day which is the highest it has managed for over a week. Heavy resistance in the form of the 50 week MA sits above it at $5,600 and it will be a challenge for BTC to break that. At the moment though, the sentiment is bullish.

Fullish pic.twitter.com/FoDzEKqBdS
— Alex Krüger (@krugermacro) May 3, 2019

Ethereum has inched up a little in the shadow of its big brother. ETH is currently trading at $164 adding a couple of percent on the day. Ethereum has remained bearish for the past couple weeks despite a number of positive developments.
The top ten is largely in the green at the time of writing during morning trading in Asia. The biggest move has been made by Binance Coin which has added a further 7 percent on the day to reach $23.40. The rest are adding a couple of percent on the tail of Bitcoin aside from XRP and Stellar which are flat or in decline.
The top twenty is a little more mixed at the moment. Cosmos and Tezos are streaking out ahead with 13 and 8 percent added respectively as these two jostle for fifteenth place. Maker has also woken up again gaining 4 percent today knocking Ontology out of the top twenty.
FOMO: Cosmos Comes From Nowhere
When Coinmarketcap counted the circulation of ATOM tokens it instantly jumped into the top twenty. A subsequent Binance listing has kept the fomo going for this project which calls itself a “decentralized network of independent parallel blockchains.” It seems that as markets in general are picking up people are looking for the next newest thing for their fomo and Cosmos seems to be it at the moment. ATOM is currently priced at $4.90, up 13 percent on the day.
Aside from XTZ and BNB, ABBC Coin and OmiseGO are having good runs at the moment with 6 – 7 percent gains on the day. There are no double digit dumps at the messy end of the top one hundred but PAI and MXM are down there dropping over 6 percent each today.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has gained a further $4 billion on the day, or 2.3 percent. It is currently at $179 billion and approaching the top of the present trading range. Bitcoin continues to dominate things as its own market share has increased to 54.8 percent, its highest level this year.
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.
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Source: New feedNewsBTC.com

Crypto-Market Update: Bitcoin [BTC] Nears $100 Billion Mcap As Alts ETH, XRP, and BCH Feel Pressure

The price of Bitcoin [BTC] at 2: 30 Hours UTC on 3rd May 2019 on Coinbase is $5433, while the price reported on Bitfinex is $5808. The Weighted Average reported on CoinMarketCap is $5558. It is trading 2.89% higher on a daily scale on an average. Bitcoin rose for the fourth consecutive day with a rise of 5.7% since the beginning of the week.
BTC/USD 1-Day Chart on Coinbase (TradingView)
Therefore, it suggests that the Bitfinex Premium is driving the demand of Bitcoin as it nears $100 billion market capitalization on an average. The total market capitalization of Bitcoin is $98.6 billion. The dominance of Bitcoin over the cryptocurrency market is 54.9%.

BTC/USD 1-Day Chart on Bitfinex (TradingView)
Altcoin Traders Feel a Sense of Loss
While Bitcoin [BTC] is making a move, altcoins have stayed put w.r.t FIAT currencies. Hence, the altcoin Hodlers receive a smaller amount of Bitcoin in exchange, which can be perceived as a loss. Almost all of the top coins according to market capitalization felt the pressure of the bears and Bitcoin maximalists.
Altcoin-BTC trading pairs (Poloniex)
Ethereum [ETH], XRP, Stellar [XLM], Monero [XMR], Bitcoin Cash [BCH], Tron [TRX] held a very moderate rise which can be attributed to the inflation in Bitcoin [BTC] prices. 
Furthermore, Litecoin [LTC] and EOS were more tightly coupled with Bitcoin [BTC] as the loss of Litecoin w.r.t. BTC was less than a cent. The price of Litecoin at 3: 00 Hours UTC on 3rd May 2019 is $74.87. It is trading 2.09% higher on a daily scale.
Binance [BNB], Cosmos and Tezos [XTZ] Lead Altcoin Run
Binance [BNB] Coin which is one of the best performing coins in terms of price in 2019, continued to trade around its All-Time High price resistance near $24. The price of BNB at 3: 00 Hours UTC on 3rd May 2019 is $23.35. It is trading 6.62% higher on a daily scale.
Tezos (XTZ) and Cosmos (ATOM) surged on a daily scale as well as they trader 8.04% and 12.89% higher. Recently, Cosmos has been gaining considerable traction in the market with inclusion by top Exchanges, including Binance and Huobi. The price of XTZ and ATOM at 3: 00 Hours UTC on 3rd May 2019 is $1.31 and $4.89 respectively.
Which altcoins do you think will be coupled to the rise of Bitcoin [BTC] if it happens further? Please share your views with us. 
The post Crypto-Market Update: Bitcoin [BTC] Nears $100 Billion Mcap As Alts ETH, XRP, and BCH Feel Pressure appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: Bitcoin (BTC) Recovers But Altcoins XRP, XLM, and XMR Test Support Levels

Bitcoin continued to build support above $5250 over the weekend after incurring losses due to the Bitfinex Vs. New York AG court proceedings revelation. The bulls seemed to have increased the buying pressure tremendously about the $5000 mark.
However, the altcoins haven’t seemed to recover from the sudden price drop and have continued to trade lower on a weekly scale.
BTC/USD 1-week Chart on Coinbase (TradingView)
The price of Bitcoin at 4: 30 UTC on 26th April is $5295. It is trading 0.5% higher on a daily scale and at par on a weekly scale as well. This is the third continual week when Bitcoin maintained its price above the $5150 mark on an average.
Also Read: Bitcoin Weekly Forecast: The Tag of War Between the Bears and The Bulls Carries On
Litecoin [LTC] and Bitcoin Cash [BCH]
Bitcoin Cash [BCH] broke below the $300 mark on 11th April after gaining over 120% since the beginning of the year at $330. However, it is testing the $250 as support.
BCH/BTC 1-Day Chart on Coinbase (TradingView)
The price of Bitcoin Cash [BCH] at 4: 00 hours on 29th April 2019 $254. It is trading 3.54% lower on a daily scale.
Litecoin [LTC] broke below the key support level at $78 dollars. The price of Litecoin [LTC] at 4: 00 hours on 29th April 2019 $68.11. It is trading 2.67% lower on a daily scale.

LTC/USD 1-Day Chart on Coinbase (TradingView)
XRP and Stellar (XLM)
XRP and Stellar are also testing key support levels. The number of stablecoins and speculations of company-specific coins like Samsung, Facebook and even existing cryptocurrencies like Binance has aimed to foster the development using their platform itself.
The price of XRP is trading below the $0.3 level. The price of XRP  at 4: 00 hours on 29th April 2019 $0.297. It is trading at par on a daily scale.
Peter Brandt, a leading chart analyst tweeted an analysis of XRP suggesting it is at “do or die point,
XRP/USD Chart Analysis (Peter L. Brandt)
Stellar (XLM) is also trading below the $0.1. Monero (XMR) is also testing the support level at $60. The price of Monero (XMR) at 4: 30 Hours UTC on 29th April is $61.3. It is trading 2.59% lower on a daily scale.
While Tron (TRX) and EOS traded at par with the price from the past day, they are trading 6% and 10% lower respectively on a weekly scale. Tezos (XTZ) and Basic Attention Token (BAT), two of the biggest gainers of the month, traded at $1.18 and $0.398 respectively.  IOTA gained more than 10% on a daily over its new partnership with British Car Manufacturer, Jaguar Land Rover.
Total Market Capitalization of Altcoins Excluding Bitcoin (Coinmarketcap)
As the total market capitalization of the cryptocurrency market is still around $170 billion, the dominance of Bitcoin [BTC] has been on the rise since the second week of April. The dominance of Bitcoin over the cryptocurrency markets is currently 54.5%. While Bitcoin recovered from the sudden move on 26th April on Bitfinex hysteria, altcoins have continued to trade in below $80 billion.
Do you think that altcoins will continue to lose or a revival is on the horizon? Please share your views with us. 
The post Crypto-Market Update: Bitcoin (BTC) Recovers But Altcoins XRP, XLM, and XMR Test Support Levels appeared first on Coingape.
Source: CoinGape

Crypto Market Wrap: Tezos Pumps Ten Percent as Markets Consolidate

Crypto markets pulling back; Altcoins are mixed, Bitcoin and Ethereum cooling off, Tezos on a roll.
Market Wrap
Crypto markets have continued to fall as we enter the weekend. There has been no bounce back following the Bitfinex and Tether induced dump a couple of days ago and total market capitalization is holding around $170 billion.
Bitcoin has continued to fall since posting its weekly high of $5,650 on Wednesday. BTC is currently down 1.3 percent on the day to $5,240 and it is looking weaker. A fall through $5,200 could see things turn south fast sending Bitcoin back to the mid-$4,000s.
Ethereum has fared worse since the big dump at the end of the week and is still floating around $156. It too is holding precariously on to support and could fall faster if it is broken over the next day or two. Ripple has been selling XRP tokens as the supply has increased. XRP has now fallen back below $0.30 and continues to weaken.
The top ten is mostly in decline during today’s Asian trading session. Binance Coin has lost the most at 3 percent and Bitcoin Cash is not far behind falling back to $263. The rest have not moved much since Thursday’s big drop.
The top twenty conversely has a bit more green in it as altcoins slowly recover a little. Tezos is back on a charge with over 10 percent added over the past 24 hours taking it to $1.23. The recent Cycle 100 meetup could be driving momentum. Ontology is also doing better today with 5 percent gained and the rest are adding a percent or two back from recent losses.
FOMO: DigixDAO Tops The Charts
Today’s top one hundred champion is DGD once again as a 30 percent pump returns the gold based token to $33. Binance has almost 80 percent share of the trade volume which has surged to $10 million. There have been rumours of a large investment group recommending DigixDAO to their clients but nothing confirmed.
Maximine Coin is having another pump with 22 percent added on the day and WAX is the third altcoin getting a double digit boost at the moment. There are no massive dumps going on right now but the worst performing altcoins in the top one hundred include Zcoin, Nano and Aelf all dropping 5 – 6 percent.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization is holding at $170 billion. Things have not moved much over the past 24 hours which is good news in a way as the impact of the Bitfinex and Tether news has been minimal. Since the same time last Saturday crypto markets are $10 billion lighter however they are still range bound and more consolidation is expected providing Bitcoin does not fall through support.
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: Tezos Pumps Ten Percent as Markets Consolidate appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News

Bitcoin [BTC] dropped by more than 8% on 25th April 2019, as it plunged below $5k support. On a daily scale, the candle-stick recorded a loss of 8.76% from $5450 level. The negative movement in the market has been attributed to another Exchange related fraud this time involving Bitfinex.
BTC/USD 1-Day Chart on Coinbase (TradingView)
However, the market has apparently corrected from the sudden crash as it traded only 1.72% lower on a daily scale. The price of Bitcoin at 3: 00 UTC on 26th April 2019 is $5235.
Before Binance, Bitfinex was the leading Cryptocurrency Exchange in terms of volume. USD-Tether stablecoin was also first made popular on this Exchange. Recently, the New-York’s Attorney General’s office has accused the Exchange of covering up to $850 million using USDT.
The news broke late on 25th April 2019 and it caused a temporary frenzy in the markets. Moreover, the altcoins bore the maximum brunt of the fall as the total market capitalization of altcoins (excluding Bitcoin) lost about $5.8 billion dollars.
Market Capitalization of Altcoins Only (Coinmarketcap)
The total market capitalization of the cryptocurrency markets including Bitcoin also fell below $170 billion. Furthermore, the dominance of Bitcoin over the cryptocurrency markets gained another percent; Currently, Bitcoin’s dominance is 54.8%.
Litecoin (LTC) Traders Not Moved
The Exchange-related scam was reported on the illicit use of USD-Tether. Moreover, the Bitcoin traders were too vulnerable and apprehensive of a drop as the news brought extreme FUD (Fear, Uncertainty, and Doubt) in the markets acting as a catalyst.
LTC/USD 1-Day Chart on Coinbase (TradingView)
However, Litecoin traders remained unhinged, the losses it incurred due to Bitcoin’s fall were moderate and covered in a matter of hours nonetheless. The price of Litecoin [LTC] at 3: 15 hours UTC on 26th April is $74.17. It is trading 1.07% higher on a daily scale.
Ethereum (ETH), Monero (XMR) and Dash (Dash) and XRP
Ether (ETH), Monero (XMR) and Dash (DASH) fell by around or more than 5% on a daily scale registering highest losses amongst the top cryptocurrencies. Ethereum broke the $160 support line during the crash. The price of ETH at 3: 20 hours UTC on 26th April is $155.9. It is trading 5.42% lower on a daily scale.
Monero (XMR) and Dash (Dash) also broke key support levels. They are trading 7.45% and 5.02% lower on a daily scale respectively.
Also read: Ethereum, Monero and XRP Bullish, Peter Brandt Lists Stop Loss Levels To Watch-Out For
While XRP lost less in terms of percentage on a daily scale it also broke a key support level of $0.3. The price of XRP at 3: 30 hours UTC on 26th April is $0.293.
The top losers in the top 20 cryptocurrencies by market capitalization were Tezos (XTZ) and IOTA with 12.52% and 10.86% loss respectively. The price of Tezos at 3: 30 hours UTC on 26th April 2019 is $1.10. It wiped out most of the gains of the month, it touched a high of $1.47 in April.
Do you think that the market would correct on the daily or bears would grab hold of the opportunity? Please share your views with us. 
The post Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News appeared first on Coingape.
Source: CoinGape

Bitcoin Cash [BCH], Cardano [ADA] and Tezos [XTZ] Becomes Top Gainers to Jump on New Highs

As Bitcoin trades over $5500 against US Dollar, there are three altcoins that are significantly becoming the hottest player in today’s market.
According to the data provided by Coinmarketcap, Bitcoin Cash (BCH), Cardano (ADA) and Tezos ( XTZ) are the top gainers of the cryptocurrency market today. Consequently, BCH is gaining 5.28 percent; Cardano sees 9.13% and Tezos records 11.20 percent gain over the past 24 hours.
Source: Coinmarketcap
Bitcoin Cash Hits 5.28% in 24Hrs
Besides the controversial BSV listing (a fork of BCH), the altcoin is flourishing in the crypto market. At press time, BCH is trading at over $300 against the US Dollar which also sees over 5 percent growth in 24 hours. Nevertheless, the coin sits at the fourth largest spot on the graph of coinmarketcap which apparently counts the average trading volume $5,409,571,317.
source – coinmarketcap
Cardano (ADA) Gains 9.13% in 24Hrs
Since the past few days, Cardano (ADA) is outperforming the other cryptocurrencies. Consequently, it had also overtaken TRON (TRX). Valuing as the 10th largest cryptocurrency in terms of market cap, ADA sees over 9.13% gain over the last 24 hours. Nevertheless, with an average trading volume of $2,080,892,602, ADA is trading at $0.080 against US Dollar.
Cardano (ADA) price spike comes in a wake of new state-back cryptocurrency revelation by ADA founder. In the latest AMA, CEO Charles Hoskinson says that their platform is developing a new cryptocurrency for Ethiopians. It would be state-back cryptocurrency as the team is working with the government of Ethiopia.
source – coinmarketcap
Also Read: Shop on Amazon and Buy Dominos’ Pizza Through Bitcoin Becomes a Reality
Tezos (XTZ) Records 11.20% in 24Hrs
XTZ is an exciting race to capture BSV’s spot which has unfortunately reduced due to past delisting debate by major exchanges. BSV which was on the 12th spot has sided down to 14th spot – and XTZ which presently sits on 15th spot with an average trading volume of $970,633,475 will likely cross BSV’s trading volume $1,031,836,698 very soon. As such, XTZ is jumping with 11.20 percent growth and currently trading at $1.47 against the US Dollar.
source – coinmarketcap
So readers, what’s your stake on influencing prices of these altcoins? Let us know in the comment below.
The post Bitcoin Cash [BCH], Cardano [ADA] and Tezos [XTZ] Becomes Top Gainers to Jump on New Highs appeared first on Coingape.
Source: CoinGape