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Latest cryptocurrency news and prices, 2 August 2019

Bitcoins price has finally recovered and is retesting above $10,500 as of today. Here are your latest cryptocurrency news and prices.

Bitcoin (BTC) has finally climbed back above the $10,000 support area, however, much of the altcoin markets have suffered as a result, with many in the red at the time of writing. Here are your latest cryptocurrency news and prices.

Bitcoin (BTC) has finally surged back over the $10,000 mark as of this morning. This rally has surprised many analysts who in recent days have predicted more downside action.

(Trading at $10,527.11 at 14:00 2 August 2019)

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Recently, ETH price climbed above the $216 level and formed a swing high at $218. It is currently struggling to continue higher above $218 and $220. An immediate support is near the $216 level plus the 23.6% Fib retracement level of the upward wave from the $210 low to $218 high. Moreover, there is a connecting bullish trend line forming with support near $214 on the hourly chart of ETH/USD.

After trading as high as $0.3240, ripple price started a downside correction against the US Dollar. Ethereum price is also trading in a range, while bitcoin price is up around 4% and broke the key $10,200 resistance. The XRP/USD pair corrected below the $0.3180 and $0.3160 levels. It even traded below the $0.3140 support and the 100 hourly simple moving average. However, the $0.3120 support prevented additional losses and the price recovered recently.

Litecoin seems to have become consistent with the price gain. In the last 24 hours, the coin has made a small upward growth. The value against USD is now consistently moving towards 100 USD. By this years end, the coin may find itself near 200 USD. Let us analyze the current details of the coin now.

Bitcoin Cash ABC rose 0.35% on Thursday. Following on from a 2.04% fall from Wednesday, Bitcoin Cash ABC ended the day at $329.3.

A bearish start to the day saw Bitcoin Cash ABC slide to an early morning intraday low $318.77 before finding support.

The early sell-off saw Bitcoin Cash ABC fall through the first major support level at $320.99.

Recovering through the day, Bitcoin Cash ABC struck an early evening intraday high $330 before easing back.

On June 21, Binance Coin (BNB) price rose to a high of $40. Nevertheless, the bulls were resisted as the bears broke the 12 and 26-day Exponential Moving Average (EMAs) to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $25 price level. On July 17, BNB bulls made an upward move and broke the 12-day EMA but were resisted by the 26-day EMA. Binance Coin price dropped below the EMAs

The New York Office of the Attorney General (NYAG) has submitted a letter to Supreme Court Judge Joel Cohen, arguing that cryptocurrency exchange Bitfinex and Tether should not be granted a continuing stay of demands.

Earlier this week, legal representatives of Bitfinex and Tether claimed that the companies have spent more than $500,000 and tasked 60 lawyers to look for the documents that NYAG was asking for. Part of the expense is the respondents use of 10 different communication systems.

WORBLI, a platform based on the EOS network, is a company working to make blockchain technology more accessible to financial service providers and app developers.

Yesterday, it announced its partnership with Aikon, an organisation which provides tools, infrastructure and services to blockchain developers. The partnership aims to help WORBLI make decentralised applications (dApps) more accessible to developers and enterprise clients.

The eagerly awaited second virtual Bitcoin SV Hackathon is edging ever closer. The event, which is sponsored by CoinGeek and run by nChain, takes place on August 17 and will bring together some of the worlds best developers as they collaborate to create the best applications on the BSV blockchain.

To participate, you have to complete and submit a simple web form on the Bitcoin Association website. Teams can participate in the event from any part of the world, with the entire hackathon taking place online.

Stellar is a decentralised and open-sourced blockchain platform which operates fiat money and digital currency transfers. The platform has been designed to allow cross-border transactions between any pair of currencies smoothly and efficiently.

Stellar was founded by the founded by a co-founder of Ripple, a popular blockchain company, which operates the cryptocurrency, XRP. Aptly, its basic mission is very similar to Ripple which is also a fiat currency transfer system, it is not targeting industrial-level cross-border payments such as those done by banks and financial institutions across the world. Instead, Stellar aims to improve the speed and cost of currency transfers on an individual level, for the general population.

(Trading at  $0.083323 at 14:00 2 August 2019)

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