Posted on

Bitcoin Approaches $11,000 With All Top 20 in Green

All top-20 coins by market cap are seeing significant gains, while Bitcoin approaches 11,000.

Saturday, July 20 — crypto markets have seen another upward move, with all top 20 coins by market cap seeing major gains, while Bitcoin (BTC) has approached $11,000 mark again.

Market visualization from Coin360

Market visualization from Coin360

After dipping below the $11,000 threshold on July 14, Bitcoin has approached the price point today, with its intraday high of $10,944, according to data from CoinMarketCap. The biggest cryptocurrency added 3.7% to its price to trade at $10,922 at press time. As Bitcoin has seen significant volatility this week, with its price having dipped below $9,500, the cryptocurrency is down around 3% over the past 7 days at press time.

Bitcoin 24-hour price chart. Source: Coin360

Bitcoin 24-hour price chart. Source: Coin360

Ether (ETH), the second cryptocurrency by market cap, is up over 5% and trading at $232 at press time. The top altcoin is down 13.4% over the past 7 days.

Ether 7-day price chart. Source: Coin360

Ether 7-day price chart. Source: Coin360

Ripple (XRP), the third top cryptocurrency by market cap, added 6.4% to trade at $0.339, also seeing a notable growth over the past 7 days, adding up to about 2.6%.

Ripple 7-day price chart. Source: Coin360

Ripple 7-day price chart. Source: Coin360

Bitcoin SV (BSV), the ninth top cryptocurrency by market cap, has added over 25% to its value today, seeing the biggest growth among the top 20 coins by market cap.

As of press time, total market capitalization amounts to $298 billion after that number dropped below $250 billion earlier this week. Daily trade volume amounts to around $63 billion.

The new wave of green on crypto markets follows a recent bullish prediction by managing director and quant strategist at Fundstrat Global Advisors Sam Doctor, who suggested that much-anticipated Bakkt’s Bitcoin futures contracts will launch in Q3 2019.

Additionally, India’s Minister of State for Finance Anurag Thakur said yesterday that there is no legislation in India that expressly bans citizens from using cryptocurrencies.

Keep track of top crypto markets in real time here
Posted on

Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

Cryptocurrency markets see modest gains and losses, with Bitcoin struggling to stay above the $10,000 price mark.

Friday, July 19 — Cryptocurrency markets are reporting mixed signals, with most of the top-20 coins by market capitalization are down over the last 24 hours.

Market visualization. Source: Coin360

Market visualization. Source: Coin360

Bitcoin (BTC) has stayed above the $10,000 threshold during the day and is trading at around $10,412 at press time. The leading cryptocurrency has lost 2.14% on the day, while its weekly losses amount to nearly 10%. 

As reported earlier today, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told fellow lawmakers directly that attempts to stop Bitcoin are futile. “The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said.

Bitcoin 7-day price chart. Source: Coin360

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) started the day around $224.91, subsequently reaching its intraday high of $229.75. At press time, ETH is trading at around $218.29, down 2.71% over the last 24 hours.

Ethereum 24-hour price chart. Source: Coin360

Ethereum 24-hour price chart. Source: Coin360

Ripple (XRP) is slightly down as well, currently trading at around $0.317, down by 1.61% over the 24 hour period. The altcoin has not registered significant price fluctuations today, generally staying in the corridor between $0.31 and $0.32.

XRP 7-day price chart. Source: Coin360

XRP 7-day price chart. Source: Coin360

On the top-20 list of cryptocurrencies, only Binance Coin (BNB), Bitcoin SV (BSV), TRON (TRX), Stellar (XLM), Dash (DASH), and IOTA (MIOTA) are reporting gains between 0.49% and 3.12%.

Today, privacy-focused digital currency Zcash (ZEC) forked into a new blockchain network dubbed Ycash, whose total supply amounts to 21 million coins. Currently, ZEC is the 24th major coin and is trading at around $73.9.

Zcash 7-day price chart. Source: Coin360

Zcash 7-day price chart. Source: Coin360

The combined market capitalization of all cryptocurrencies is now at around $282 billion, and the daily trading volume is around $67 billion at press time.

In traditional markets, gold slumped about 1% today, according to CNBC, as the dollar firmed and investors took profits after prices briefly surpassed $1,450 to hit a six-year peak on dovish signals from the U.S. Federal Reserve.

Keep track of top crypto markets in real time here
Posted on

Bitcoin Price: $10,800 Now Crucial as Multiple Death Crosses Appear

Previous gains which took BTC/USD closer to $11,000 evaporate amid new worries over legal upheavals.

Bitcoin (BTC) was coming down from a fresh uptick on July 19 amid rumors United States authorities were preparing to investigate derivatives giant BitMEX.

Market visualization

Market visualization. Source: Coin360

Politics and investigations weigh on Bitcoin

Data from Coin360 showed BTC/USD targeting $10,000 support at press time Friday, having risen as high as $10,750 in the past 24 hours.

On Thursday, as the U.S. Congress met to debate the impact of Facebook’s Libra digital currency, the focus shifted briefly to differentiating Bitcoin from Libra on a technical level.

This appeared to boost sentiment, with BTC/USD jumping higher after hitting lows of $9,330. Volatility nonetheless remains high, with the pair regularly moving by hundreds of dollars in minutes.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Courtesy of Coin360

Now, reports that U.S. authorities will probe BitMEX over flouting a ban on residents using its platform appeared to pile fresh pressure on Bitcoin, deflating previous gains.

For investor and trader Josh Rager, the current conditions are a cause for concern. Previous support levels for Bitcoin — monthly at $10,759 and daily $10,850 — have now become resistance as the price falls.

“This is the first level that BTC needs to reclaim for bullish continuation,” he summarized.

Bitcoin price’s technical ‘death cross’ 

Going forward, analysts urged caution. Despite recent weeks forming a rare bearish landscape after months of upwards momentum, complacency is unwarranted, popular trader Filb Filb told Cointelegraph. 

“While there was a very nice move overnight, there is a huge amount of work to do before we can say bitcoin is bullish,” he said. 

Filb Filb noted in particular a technical event, which should spell downward pressure, specifically a crossing over of the 50-day and 200-day moving average.

“We are still putting in lower highs and lower lows and face a large amount of resistance above, particularly having not yet regained the monthly open and having death crosses above on the 4-hour 50/200 MAs,” he added.

For altcoins, Bitcoin’s earlier move higher was still playing out across markets, with most tokens seeing modest gains over the past 24 hours. 

Ether (ETH), the largest altcoin by market cap, moved upwards by 1.4% to trade at $219, having previously slid down to $200 support. 

Ether 7-day price chart

Ether 7-day price chart. Courtesy of Coin360

Others fared better, with Litecoin (LTC), Tron (TRX) and Neo (NEO) all managing around 7% improvements on the day.

Keep track of top crypto markets in real time here
Posted on

Major Coins in the Green, Bitcoin Hovers Over $10,000

Top digital currencies have seen notable gains on the day, with Bitcoin trading at $10,549.

Thursday, July 18 — following Bitcoin’s (BTC) price retaking $10,000 earlier today, top-20 cryptocurrencies have seen notable gains on the day, with only UNUS SED LEO (LEO) casting a gloom on the prospects.

Market visualization. Source: Coin360

Market visualization. Source: Coin360

BTC is up 7.63% over the last 24 hours, and is trading at around $10,549 as of press time. Having briefly dipped to as low as $9,385 during the day, BTC has rebounded and is apparently pushing to the $11,000 price point. BTC is still down over 15% in terms of its weekly performance.

Bitcoin 7-day price chart. Source: Coin360

Bitcoin 7-day price chart. Source: Coin360

The second largest coin, Ether (ETH), began the day at around $215.39, subsequently reaching its intraday high of $227,36. At press time, the major altcoin is trading at around $225,13, up 4.14% on the day.

Ethereum 24-hour price chart. Source: Coin360

Ethereum 24-hour price chart. Source: Coin360

Ripple (XRP) has seen smaller gains of 1.73% to trade at around $0.323 at press time. During the day, XRP slumped to its daily low of $0.307, but soon began to recover. On its weekly chart, XRP is in the red by 12.12%.

XRP 7-day price chart. Source: Coin360

XRP 7-day price chart. Source: Coin360

Stellar (XLM) has also taken an upturn and is currently trading at around $0.088. Today,  Binance revealed that it unknowingly earned staking rewards of XLM in the amount of 9,500,000 XLM ($775,000 at press time) worth of extra XLM, and is going to share the gained XLM rewards to the entire community.

Stellar 7-day price chart. Source: Coin360

Stellar 7-day price chart. Source: Coin360

The total market cap of all cryptocurrencies is currently over $286 billion, while the daily trading volume is around $82.9 billion.

Posted on

Bitcoin Price Bounces Back Near $10K But Analysts Aren’t Convinced

A change in behavior on crypto markets became apparent Thursday, to the relief of altcoin traders.

Bitcoin (BTC) was challenging the $10,000 barrier again on July 18 after a modest uptick broke up several days of losses. 

Market visualization

Market visualization. Source: Coin360

A sea of green for Bitcoin and altcoins

Data from Coin360 showed BTC/USD hovering just below the significant marker Thursday, circling $9,900 on the back of 2.9% gains over the past 24 hours. 

The pair had encountered difficulties over the week, declining from near $11,000 to hit local lows close to $9,000. 

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Courtesy of Coin360

Analysts immediately sounded the alarm about a possible sentiment change for Bitcoin, but found it hard to reach consensus about whether the price declines were part of a long-term bearish trend. 

“Bitcoin had a nice bounce that tapped the previous 4hr chart low and I honestly think it needs to push up more before continuation down,” investor and trader Josh Rager wrote in his most recent daily Bitcoin price update on Twitter late Wednesday.

Rager added that if Bitcoin breaks above $9,830 — which is subsequently did — resistance would in fact come into play slightly beyond $10,000, at between $10,192 to $10,342.

Longer term, the picture is more uncertain for some, with veteran trader Peter Brandt even forecasting an 80% correction in overall cryptocurrency market cap gains seen this year.

Altcoins suddenly wake up

Bitcoin’s negligible shift to the upside meanwhile appeared to have a more profound impact on altcoin markets, which had long failed to halt their own declines.

Many tokens in the top 20 cryptocurrencies by market cap showed improved performance Thursday, with Ether (ETH) gaining 6.1% to hit $217.

Ether 7-day price chart

Ether 7-day price chart. Courtesy of Coin360

Litecoin (LTC) led the top performers with 15% daily gains, while the embattled Bitcoin SV (BSV) also achieved double-figure growth. 

Previously, bearish warnings had appeared — specifically from Brandt — suggesting altcoin markets would not recover at all after Bitcoin’s gains eclipsed them in 2019.

Keep track of top crypto markets in real time here
Posted on

Major Altcoins Rally as Bitcoin Sees Slight Gains

Major altcoins are rallying on the day as Bitcoin makes mild gains following yesterday’s slump.

Wednesday, July 17— The number one cryptocurrency Bitcoin (BTC) is seeing slight gains on the day as major altcoins (ETH) and Ripple (XRP) rally.

Market visualization

Market visualization. Source: Coin360

Bitcoin has been trending down this week. Bitcoin retook $13,000 on July 9 before sinking all the way down to under $10,000 by July 16. At press time, BTC is trading just over $9,800 with a 2.64% gain on the day.

On July 4, analysts at SFOX conjectured that Bitcoin could rally in light of the American national holiday Independence Day, arguing that holidays in the midst of a bull market tend to spark FOMO. However, Bitcoin did not see any significant gains on the holiday, and is now sitting around $2,000 down from its price level 13 days ago.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Top altcoin Ether has had a bearish week, like BTC, mostly seeing a steady decline over the last seven days. It saw a fairly sharp fall on July 14, falling by about $200 in approximately an hour, without recovering. However, the number two cryptocurrency has recovered by approximately 8.3% on the day, and is sitting above $214 at press time.

Ethereum 24-hour price chart

Ethereum 24-hour price chart. Source: Coin360

Ripple’s value has also largely been on the decline for the past seven days. However, it has recovered almost 9% at press time — the largest daily gain out of the top three cryptocurrencies — and is trading just shy of $0.318.

According to a price analysis by Cointelegraph, however, XRP is currently one of the worst-performing major cryptocurrencies. Its next price level supports are reportedly $0.27795 and the yearly low of $0.24508.

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Litecoin (LTC) has seen impressive daily has, rallying by over 16% at press time to trade at $92.37.

The Miami Dolphins, an American pro football team, announced on July 12 that they had adopted LTC as the team’s “official cryptocurrency.” The Dolphins will reportedly endorse the altcoin, and set up home stadium kiosks that allow fans to buy 50/50 raffle tickets with LTC as well as BTC.

The total market cap of the top 100 cryptocurrencies is currently under $254 billion, according to the data provided by Coin360’s summary table. This is approximately a $76 billion dropoff since July 4.

Traditional markets, meanwhile, are virtually all slumping. Gold is the only major traditional asset seeing mild gains at press time, according to data provided by MarketWatch.

Keep track of top crypto markets in real time here
Posted on

Bitcoin Dips Below $10,000 for the Second Time in July

Bitcoin dipped below the $10,000 threshold for the second time in July following a hearing on Facebook’s Libra crypto project.

The Bitcoin (BTC) price has dipped below the $10,000 price mark on July 16, while all top 20 coins by market cap are seeing significant losses.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin has dipped below $10,000 threshold for the second time this month after the biggest cryptocurrency broke a multi-month high above $13,700 on June 26. After Bitcoin attempted another recovery to reach nearly $11,000 yesterday, the major coin has dropped to $9,616 at press time, down 8.22% over the past 24 hours. The biggest cryptocurrency is down more than 22% over the past 7 days.

Bitcoin 30-day price chart

Bitcoin 30-day price chart. Source: Coin360

Bitcoin failed to hold the $10,000 support amid the hearing on Facebook’s Libra cryptocurrency project with the Banking Committee of the United States Senate. 

Yesterday, American entrepreneur and crypto advocate John McAfee doubled down his prediction that Bitcoin will reach $1 million by 2020, despite the sinking price.

Keep track of top crypto markets in real time here
Posted on

Bitcoin Price Clings to $10K Support After a Volatile Weekend

BTC price fell to just $9,912 as traders warned a close below $10,580 could spell the start of a longer bearish downturn.

Bitcoin price (BTC) traded above $10,000 July 15 after a weekend of heavy losses spelled disaster for cryptocurrencies across the board.

Market visualization

Market visualization courtesy of Coin360

Data from Coin360 showed BTC/USD holding onto support above the key barrier Monday, having temporarily dropped as low as $9,912. 

The 9.7% daily losses compounded a worrying weekly trend which saw the pair fall rapidly from above $13,000.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Driving the bearish sentiment, analysts broadly claimed, was a mixture of criticism by United States president Donald Trump and overall market fatigue. 

For many, BTC/USD had long been due a pullback after weeks of successive gains, which culminated in highs of $13,800. 

“It’s healthy to see (Bitcoin) pullback here,” Tom Lee, head of research at Fundstrat Global Advisors, tweeted Sunday. 

Lee, a serial Bitcoin bull, had claimed last week that new all-time price highs were “imminent,” something which Trump’s comments appeared to subject to delays. 

A side-effect of Trump had been increased Google search activity around Bitcoin, something Lee says could in fact be counterproductive and not a helping hand for price growth.

“As for the search traffic for bitcoin being low, I also think that is a good sign. It means the rise in bitcoin has not been accompanied by massive hype,” he added.

In the short term, however, others were warning about impending moves lower. The trader known on social media as Filb Filb said that a close on Sunday below $10,580 would result in a continuation of the downtrend, a prophecy which meanwhile came true.

“The price action has obviously been very bearish having lost the key low I’ve been watching at 10900. Also we are right up against the megaphone trend line. A close below 10580 would mark a new daily low and therefore I’m expecting new lows if/when that occurs,” he told followers of his dedicated Telegram trading channel. 

Nonetheless, it was altcoin traders who suffered the real pain this weekend. A glance at the top twenty cryptocurrencies by market cap painted another dismal picture at press time, with several coins shedding around 17% in 24 hours. 

Ether (ETH) fell 17.3%, taking ETH/USD to just $220 compared to highs of $350 just weeks previously. 

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

Bitcoin Cash (BCH) lost an identical amount, while its hard fork, Bitcoin SV (BSV), fared even worse, losing 21.5% to hit $118.50.

Elsewhere, Tron (TRX), Neo (NEO) and Monero (XMR) all dropped by around 16%.

Posted on

Bitcoin Falls Under $10,400 as Major Altcoins See Double-Digit Losses

Most of the top 20 cryptocurrencies are reporting losses on the day as Bitcoin falls under the $10,400 mark.

Sunday, July 14 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, as Bitcoin (BTC) fell below the $10,400 mark.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin is currently down by over 9% on the day, trading at around $10,392 at press time, according to Coin360. Looking at its weekly chart, the coin is down by 7.23%.

Bitcoin 7-day price chart. Source: Coin360

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $24.8 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $12.8 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about 13.8% over the last 24 hours. At press time, ETH is trading around $233. On the week, the coin has also lost about 21% of its value. 

Ether 7-day price chart. Source: Coin360

Ether 7-day price chart. Source: Coin360

As Cointelegraph reported yesterday, the Ethereum smart contract of 0x decentralized exchange protocol has been suspended after a vulnerability was uncovered in its code.

XRP is down by nearly 9% over the last 24 hours and is currently trading at around $0.304. On the week, the coin is down about 21%.

XRP 7-day price chart. Source: Coin360

XRP 7-day price chart. Source: Coin360

Other major coins are also reporting two-digit losses. Bitcoin SV (BSV) is down 15.69% down, while NEO is down over 16%. At press time, the total market capitalization of all cryptocurrencies is $305 billion.

As Cointelegraph reported yesterday, a draft bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly from within the United States House of Representatives Financial Services Committee.

Keep track of top crypto markets in real time here
Posted on

Bitcoin Falls under $11,450 as US Stock Market Sees Minor Downturn

Most of the top 20 cryptocurrencies are reporting losses on the day as Bitcoin falls under the $11,450 mark again.

Saturday, July 13 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, as Bitcoin (BTC) fell below the $11,450 mark again.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin is currently down by over 1% on the day, trading at around $11,430 at press time, according to Coin360. Looking at its weekly chart, the coin is up by almost 3.8%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

As Cointelegraph reported yesterday, the Chairman of the United States Federal Reserve has said that almost nobody uses Bitcoin for payments, and that it is a speculative asset just like gold.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $28.7 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $14 billion at press time.

Coin360 data shows that ETH has seen its value decrease by nearly 1% over the last 24 hours. At press time, ETH is trading around $269. On the week, the coin has also lost over 7% of its value. 

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

XRP is down by about 3.87% over the last 24 hours and is currently trading at around $0.333. On the week, the coin is down about 14.11%.

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the only ones reporting gains are Chainlink (LINK), which is up over 3.8%, Monero (XMR), which is up over 1.5%, and Cardano (ADA), which is up a fraction of a percent.

At press time, the total market capitalization of all cryptocurrencies is $313.9 billion, about 5% lower than the value it reported a week ago.

As Cointelegraph reported yesterday, Ethereum’s co-founder Mihai Alisie is extremely concerned that Facebook is attempting to hoodwink regulators into approving a centralized “cryptocurrency.”

Keep track of top crypto markets in real time here