Day: July 2, 2019

Crypto Market And Bitcoin Bleeding: BCH, BNB, EOS, TRX Price Analysis

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The total crypto market cap extended losses and broke the key $290.0B support area. Bitcoin price also extended downsides and even spiked below the $10,000 support area. EOS price is currently consolidating above the $5.800 level and is facing resistance near $6.000. Binance Coin (BNB) is holding the key $32.00 support area and it could bounce back. BCH price is trading above the $400 level, but struggling to recover above $420. Tron (TRX) price tested the $0.0320 support and it remains at a risk of more losses. Bitcoin and the…

Bitcoin Down 7% While Ripple Price (XRP) Struggling To Hold Support

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Ripple price remains in a bearish zone and it recently retested the $0.3840 support against the US dollar. The price is struggling to stay above the $0.3840 support and it could slide further. There is a major bearish trend line forming with resistance near $0.4050 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price settled below $300 and it could decline further below the $275 support area. Ripple price is struggling to hold a couple of important supports against the US Dollar, while bitcoin declined…

Ethereum (ETH) Price Revisits Key Support: Risk of Breakdown Looming

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ETH price struggled to climb above the $300 resistance level and declined against the US Dollar. Bitcoin price broke the $10,000 support area, resulting in bearish moves in the market. There was a break above a connecting bearish trend line with resistance near $289 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to recover and it might slide below the $278 and $275 support levels. Ethereum price is facing a lot of hurdles versus the US Dollar and bitcoin. ETH price must break the…

Blockchain Retains Nominal Role in Cleveland Tech Hub

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Tower City Center, which was purported to become a blockchain hub in Ohio, is now slated to become an entrepreneurial center. According to a report by cleveland.com on July 1, the Tower City shopping mall had been struggling financially, and was thought to be receiving an overhaul as a Cleveland-based blockchain center at some point. However, Blockchain Cleveland member Bernie Moreno says that plans have changed. Moreno commented on the new business plan for Tower City today, saying: “I started with a mindset that this could be a blockchain hub,…

CME Bitcoin Futures Record $1.7 Billion High in Notional Value

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The Chicago Mercantile Exchange (CME) Group has announced more record-breaking highs for bitcoin (BTC) futures in an official Twitter post on June 28. The futures in question are standardized contracts that bind a party to buying or selling bitcoin at some set time after signing. According to the post, CME Bitcoin futures hit $1.7 billion in notional value traded on June 26, a 30% increase from its last recorded high. The open interest for BTC futures now sits at 6,069 contracts, reportedly as a result of institutional interest. New CME…