Total crypto market cap lost $13 billion of its value since Monday, August 19, and now stands at $258.7 billion. Top ten coins are all in red for the last 24 hours with Binance Coin (BNB) and Bitcoin Cash (BCH) being the worst performers with 2.6 and 2.5 percent of losses, respectively. At the time of writing bitcoin (BTC) is trading at $9,952 on the Bitstamp daily chart, while ether (ETH) dropped to $184 and Ripple’s XRP fell to $0.263. BTC/USD Bitcoin moved north to $10,324 on Sunday, August 18…
Day: August 22, 2019
South Korea’s Crypto Firms Leave the Country Due to Tough Domestic Regulations
As reported by BusinessKorea, one of South Korea’s leading business news portal, a new trend of South Korean blockchain projects listing their crypto ventures on foreign exchanges has started to increase significantly in magnitude. Overseas exchanges have now started focusing on the Korean won market to attract more blockchain initiatives from the Asian economic giant. The healthcare data platform Medibloc and the blockchain-based supply chain management Temco are two major South Korean blockchain projects, which have previously listed their crypto assets on South Korea’s leading exchanges. These blockchain firms are…
Bitcoin Price Struggling at $10K as Analysts Warn of 2018-Style Dump
Bitcoin (BTC) price was testing support at $10,000 Aug. 22 as the largest cryptocurrency fluctuated between four and five figures. Market visualization. Source: Coin360 Difficulty must touch floor before Bitcoin price moons Data from Coin360 showed BTC/USD crossing the $10,000 mark multiple times over the past 24 hours. Currently, the pair is hovering around the $10K mark, having traded in a corridor between $9,800 and $10,250 overnight. Attempting to decide whether $10,000 will now form support or resistance, the latest moves follow on from a bearish trend, which saw BTC/USD…
Bitcoin (BTC) Price Target Additional Weakness, Upsides Remain Capped
Bitcoin price declined heavily in the past few sessions below $10,000 against the US Dollar. The price is currently correcting higher after it tested the $9,750 support area. There is a declining channel forming with resistance near $10,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher in the short term, but upsides are likely to remain capped near $10,100. Bitcoin price is back in a bearish zone below $10,250 against the US Dollar. BTC is likely to extend its decline if…
Crypto Market And Bitcoin Turn Vulnerable: BCH, BNB, EOS, TRX Analysis
The total crypto market cap extended its decline and broke the key $260.0B support. Bitcoin price declined around 8% and settled below the key $10,000 support. EOS price traded below the $3.550 support and remains at a risk of more downsides. Binance Coin (BNB) is extending its decline below the key $27.50 support level. BCH price is down around 5% and it recently broke the $300 support area. Tron (TRX) price is now trading below the $0.0170 level and it might continue to slide. Bitcoin (BTC) and the crypto market…
Ripple Price (XRP) Targets Fresh Monthly Low: BTC & ETH Takes Hit
Ripple price is following a bearish path and it recently broke the $0.2700 support against the US dollar. Bitcoin price is down around 8% and it settled below the key $10,000 support area. There is a major declining channel forming with resistance near $0.2680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might correct a few points, but upsides are likely to remain capped near $0.2680 and $0.2700. Ripple price is back in a downtrend below $0.2700 against the US Dollar. Bitcoin and Ethereum…
Ethereum Price (ETH) Turned Sell On Rallies As Bitcoin Dives 8%
ETH price started a fresh decrease after it failed to climb above the $202 resistance against the US Dollar. The price is down more than 8% from the high and it is now trading well below $190. There is a connecting bearish trend line forming with resistance near $190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides are likely to remain capped near the $190 resistance. Ethereum price is trading in a bearish zone below $190 versus the US Dollar, and…
Blockchain.com to Integrate Polkadot Tokens Into Its Wallet
Luxembourg-based crypto data supplier and crypto wallet Blockchain.com has partnered with blockchain interoperability protocol Polkadot. Driving decentralization On Aug. 20, Blockchain.com announced it will integrate its Blockchain Wallet with the Polkadot Network in order to drive the adoption and decentralization of Polkadot tokens (DOTs). Once the integration is complete, users of Blockchain.com will be able to store, send and receive DOTs, as well as to vote on proposed amendments to the network protocol and council members. The new partnership aims to promote the idea of decentralization. Peter Smith, co-founder and…