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Latest cryptocurrency news and prices, 11 October 2019
Bitcoins price could retest $9,000 as certain altcoins could bring about altcoin season. Here are your latest cryptocurrency news and prices.
Bitcoins price has rallied yet again, and could retest $9,000, while several analysts believe, specific altcoins, which have seen recent price rallies could lead to the much awaited altcoin season. Here are your latest cryptocurrency news and prices.
Bitcoins (BTC) price rebounded yesterday, spiking by $400, in a few hours as the altcoin markets rallied along with BTC.
As 2019 draws to an end, bitcoins price seems to finally be on a path back to positive gains. The worlds number one crypto asset saw a fantastic rise from $3,330 to $13,880 in the first half of the year, before consolidating back to $7,715 several months later.
Several altcoins shared BTCs success, with the majority of the top market cap cryptos recording notable gains. However, after bitcoin saw its triumphant 2019 of $13,880, BTC began to decline in price once more. During BTCs period of downward price action, several altcoin markets lost the momentum they found earlier in the year during BTCs 2019 high rally.
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(Trading at $8,412.70 at 14:00 11 October 2019)
Ethereum surged yesterday and front-ran the jump that occurred in the aggregated crypto markets, with this latest price action marking an extension of the upwards momentum that was incurred earlier this week when ETH and multiple other altcoins posted significant gains.
Ethereums recent price action may have further bolstered its newfound bullishness, which could mean that significantly further gains are imminent in the near-future, with some analysts setting targets above $200.
XRP, the third-biggest cryptocurrency by market value, seeks to succeed where bitcoin and other digital currencies have largely failed: in powering fast and low-cost transactions.
In a rare example of a cryptocurrency finding a practical use beyond speculative trading, it has gained a certain amount of traction, with some large financial firms using XRP for international payments.
Yet the price of XRP, often referred to as Ripple, has dropped by a quarter so far this year, even as bitcoin has more than doubled and other smaller coins such as ethereum have made slim gains.
(Trading at $0.272874 at 14:00 11 October 2019)
Eatbch, the unique charity movement providing assistance in the form of community-delivered meals fueled by Bitcoin Cash, continues to serve Venezuela and South Sudan, and is now expanding its connections. The South Sudan Eatbch group just announced they are working with local activists to help shelter and provide for orphans, while across the ocean another initiative, Coins 4 Clothes, is providing warmth in Canada.
More and more Tether (USDT), the worlds largest stable coin, are moving to the Ethereum network from the Bitcoin based Omni network, as recent data shows. The number of USDT tokens minted on the Ethereum network is currently at 47% and it is only a matter of time before the ratio surpasses the Omni-based USDT tokens. Tron (TRC-20) based USDT tokens rank third with 0.4 Billion USDT tokens and EOS follows with 0.005 billion USDT tokens.
ERC-20 based USDT tokens to surpass Omni based tokens
At the end of 2017, some of the developers and investors started moving their USDT tokens to ERC-20 standard as the fees on Bitcoin (BTC) rose significantly. Since the start of 2019, the number of tokens on the ERC-20 standard has grown exponentially and that trend seems to continue for the foreseeable future.
Though the week so far have been quite green for the top 10 coins by market capitalization, not all coins appreciated equally. One of the 10 to see the smallest rise is Litecoin (LTC).
At UTC 9:10, all top 10 coins are showing a rise in the last-7-days period. While XRP and BNB have both appreciated just above 10%, LTC is in the second place but from the bottom. It has risen 4.4%, and the only coin to have seen a smaller rise this past week is BTC (3%). However, Stellar is quite close to LTC, with its 4.7%.
LTC appreciated more than 2% in the past 24 hours as well, now trading at almost USD 59. The last seven days were relatively unsteady. They show a dip on October 7th, when the price was USD 54, followed by a jump to USD 58.6 the very same day. The price fell somewhat before jumping again between October 9th and 10th to its highest price in the last seven days, USD 59.75.
EOS bulls are flexing their muscles on Friday during the Asian hours. This is a sign of an action-filled session during the weekend. The crypto market is relatively in red. The drab trading is happening after traders took profit due to Wednesdays brief surge. Apart from EOS, other selected digital assets in the green are Bitcoin Cash (BCH) and Ethereum Classic (ETC).
EOS commenced the session at $3.12 and touched $3.16 to the upside. There has been a lower action with the bears inching closer to $3.0. However, an intraday low has formed at $0.309 before the current northwards adjustment.
Binance Coin is on the rise, after the cryptocurrency staged a powerful double-digit rally alongside the recent recovery in the broader cryptocurrency market.
The BNB / USD pair is now trading at its highest level since September 24th this year, with the cryptocurrency adding around twenty percent to its value since the October monthly price open.
The recent bounce in Binance Coin has done little to recover the summer losses the cryptocurrency incurred, after the eighth-largest cryptocurrency by market capitalization eroded around sixty five percent of its value from June 27th until September 26th.
Bitcoin SV has been something of a controversial coin since it first emerged roughly one year ago. First off, its a product invented by Australian bitcoin developer Craig Wright, who seems to have mustered up just as many enemies as he has fans. In addition, bitcoin SV is the child of bitcoin cash and resulted from the bitcoin cash hard fork that occurred around November of 2018.
Sadly, this hard fork has garnered a rather harsh reputation in the previous months, as many blame it for the sudden bitcoin crash that ultimately occurred a few weeks after it came to be. Bitcoin had spent much of the summer of 2018 trading at the $6,000 range, but the hard fork ultimately led to a massive drop in its price, and by the time Thanksgiving rolled around, bitcoin was trading in the mid-$3,000 range. It took approximately five months for the currency to show any signs of recovery.
A new alliance has been announced, as part of an international education initiative, which is designed to train the next generation of blockchain developers. It has been detailed that that TRON and the Stellar Development Foundation are among the inaugural thirteen companies who will work collectively to provide skills and expertise for the benefit of the industry.
The Blockchain Education Alliance, which is speared-headed by MouseBelt, a combined VC fund and design studio, revealed its first members: and they include a number of well-known names from the space.
(Trading at $0.061860 at 14:00 11October 2019)
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