Ripple Overtakes Ethereum as ETH Plunges 10%, Trend of Market

Twitter Facebook LinkedIn Over the last 24 hours, Ripple (XRP) has fallen by 9.5 percent against the US dollar. Still, it overtook Ethereum (ETH) to become the second most valuable cryptocurrency in the global market. On November 17, XRP recorded an increase in value of around 8 percent during a period in which most major cryptocurrencies including both Bitcoin (BTC) and Ethereum struggled to maintain momentum. The short-term rally of XRP on Saturday allowed it to take a lead over Ethereum, comfortably surpassing ETH with a market cap of $19.1…

Read More

Bitcoin Market Cap Establishes New Yearly Low, Drops to $92.53 Billion

Twitter Facebook LinkedIn The market cap of the world’s leading cryptocurrency has established its new yearly bottom. Bitcoin on Monday continued its downtrend, and its valuation dropped to a new bearish low at $92.53 billion. At the same time, the price of the digital currency fell to an average of $5,322, according to aggregate data available at CoinMarketCap.com. Overall, the bearish action intensified the possibility of Bitcoin establishing a double bottom anytime this year. As reported on CCN last week, the forking of Bitcoin Cash has turned out to be…

Read More

Will ICOs Continue to Drag ETH Down?

Bears hit the cryptocurrency market today, and Ethereum was among the most severe casualties. The world’s third largest cryptocurrency erased as much as $2.25 billion from its market cap. Meanwhile, its value plunged 12 percent from an intraday high at $177 to $155.60 – its new intraday low – within a few hours, according to aggregated data available at CoinMarketCap.com. Aayush Jindal, a crypto market analyst at NewsBTC, predicted further declines in the Ether-to-dollar market, citing a critical bearish trendline that is capping every upside attempt of the digital currency. SOURCE:…

Read More

Bitcoin Price Hits a New Yearly Low at $5,170; is $4,000 Inevitable?

Twitter Facebook LinkedIn Within a period of 12 hours, the price of Bitcoin (BTC) has dropped from $5,560 to $5,170, to a new yearly low. After dropping to $5,750 on June 11, BTC has defended the $6,000 support level relatively well with sufficient volume and trading activity in the exchange market. $6,000 has since become a major resistance level for the dominant cryptocurrencies. Is Bitcoin Headed to $4,000? Last week, Crypto Rand, a well-recognized cryptocurrency trader and analyst, stated that the next likely range for BTC is between $4,800 to…

Read More

$14 Billion Wiped Out of Crypto Market as All Major Assets Plunge in Value

Twitter Facebook LinkedIn Over the past 24 hours, more than $14 billion has been wiped out of the crypto market as Bitcoin (BTC) dropped by five percent. Bitcoin, the most dominant cryptocurrency in the market in terms of price, market cap, and volume, demonstrated the smallest loss out of all major cryptocurrencies. Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Stellar (XLM), Litecoin (LTC), EOS, and many other cryptocurrencies recorded losses in the range of 7 to 15 percent. Why is Crypto Tanking? Cryptocurrencies have been in a bear market since…

Read More

Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy

Key Points Bitcoin price is currently under pressure below the $5,500 resistance level against the US Dollar. There was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is declining and it seems like it could break the $5,230 and $5,200 support levels. Bitcoin price is moving lower towards the last low against the US Dollar. BTC/USD could accelerate declines below if there is a break below the $5,200 support. Bitcoin Price Analysis…

Read More

Cardano Price Analysis: ADA/USD Accelerating Losses Below $0.060

Key Highlights ADA price extended losses below the $0.0620 and $0.0600 support levels against the US Dollar (tethered). There was a break below a connecting bullish trend line with support at $0.0614 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading well below $0.0600 and it could continue to move down in the near term. Cardano price fell significantly recently against the US Dollar and Bitcoin. ADA/USD is likely to decline further towards the $0.0530 level. Cardano Price Analysis In the last…

Read More

Ripple Price Analysis: XRP/USD Could Gain Momentum Above $0.50

Key Highlights Ripple price is holding gains above the $0.4700 support level against the US dollar. There is a key bullish trend line formed with support at $0.4800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate gains once there is a break above the $0.5000 and $0.5180 levels. Ripple price is trading in a bullish zone against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near the $0.4800 level. Ripple Price Analysis Recently, there was a…

Read More

Bitcoin Cash Price Analysis: BCH/USD Could Crash Below $300

Key Points Bitcoin cash ABC seems to be a winner and it is currently trading below $300 against the US Dollar. There is a major bearish trend line formed with resistance at $335 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of a major downside break below $300 in the near term. Bitcoin cash price is trading near $300 on Kraken against the US Dollar. BCHABC is likely to retain BCH ticker and it is currently trading below $300…

Read More

ADA/USD Risk Dropping Below 6 Cents

Latest Cardano News Thing is Cardano is barely a year old but they are clear, sticking to their initial vision and mission statement. Believing that the platform is as good as the community behind it and no one should be an obstruction as the team sweat towards a superior, governable and community centric smart contracting platform, Charles Hoskinson and Ken Kodama of Emurgo led a campaign that saw Michael Parsons resign after a string of what they say was poor performance and wanting leadership. Paul Schmid is the chair of…

Read More