Day: August 7, 2019

Crypto Market Cap & Bitcoin Holding Uptrend: BCH, Litecoin, ADA, TRX Analysis

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The total crypto market cap corrected lower after a solid run towards $215.0B. Bitcoin price is currently trading above the $11,500 support after a strong downside correction. Litecoin (LTC) price is now trading below the $95.00 support after a failed break above $100.00. BCH price is correcting gains and it could retest the $330 support level. Tron (TRX) price broke the key $0.0220 support and it could extend losses. Cardano (ADA) price is declining towards the key $0.0520 support level in the near term. The crypto market cap and bitcoin…

Ripple Price (XRP) Recovery Won’t Be Easy While Bitcoin Takes Hit

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Ripple price traded close to the $0.3320 resistance level before declining sharply against the US dollar. The price is currently correcting higher after it traded as low as $0.3065. There is a key resistance forming near $0.3180 and a bearish trend line on the hourly chart of the XRP/USD pair (data source from Kraken). The price might correct higher, but it is likely to struggle near the $0.3180 and $0.3200 resistances. Ripple price is facing a lot of hurdles against the US Dollar, while bitcoin is holding an important support.…

Ethereum Price (ETH) Holding Uptrend Support, Bulls In Control

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ETH price traded to a new monthly high close to $240 before correcting lower against the US Dollar. The price is currently holding an important support near the $222 and $224 levels. Yesterday’s highlighted important bullish trend line is active with support near $224 on the hourly chart of ETH/USD (data feed via Kraken). The pair could bounce back as long as there is no daily close below the $220 support area. Ethereum price is trading above a couple of important supports versus the US Dollar, and bitcoin retreated from…

Maltese Bitcoin Miner Wins Lawsuit Against Mining Equipment Seller

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Malta’s Consumer Claims Tribunal (MCCAA) has ordered Dario Azzopardi, a retailer of Bitcoin mining machines to refund $2,239 (€2,000) to a client who claimed that the machine they had purchased from the firm generates a lot of noise and massively consumes electricity, reports Malta Today on August 6, 2019. Refund Order In a first of its kind occurrence, a local bitcoin miner has triumphed over a Maltese mining equipment seller at the nation’s Consumer Claims Tribunal after filing complaints regarding the inefficiencies of an ASIC miner he purchased. Per the…

Bitcoin Price Sees Steep Drop After Rejection Above $12K

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The price of bitcoin’s recent rise above $12,000 was stopped short a few hours into its rally, with prices sliding by more than $1,000 over the course of the U.S. trading session that followed. Beginning 10:15 UTC and lasting until 22:15 UTC, BTC witnessed a large pullback, followed by a small bounce near $11,200, providing temporary support. Still, bitcoin’s local daily high near $12,325 was the highest price point since July 10. With a daily open on August 6 set at $11,800, BTC broke $12,000 at 06:45 UTC to cement a…

Animoca and Harmony Acquire Quidd to Expand Sale of Crypto Collectibles

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Blockchain gaming startup Animoca has partnered with the blockchain network Harmony to jointly acquire the digital collectible startup Quidd, with the intent of using its services to build a new ecosystem for crypto collectibles. Harmony shared news of the development with Cointelegraph via a press release. According to the announcement, Animoca is planning to onboard its games and brands to the Quidd platform after the acquisition is complete.  As noted in the press release, one issue the companies are aiming to solve in the crypto collectibles space is scalability. According…