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Latest cryptocurrency news and prices, 11 July 2019
The crypto market suffered notable losses during the past 24 hours as Bitcoin dropped in price by 10%. Here are your latest cryptocurrency news and prices.
The cryptocurrency market suffered significant losses during the past 24 hours with Bitcoin dropping by 10%. Moreover, the entire cryptocurrency market suffered as a result. Here are todays latest cryptocurrency news and prices.
As per data from Coin360, many major cryptocurrencies are seeing red as of Thursday morning. This occurred hours after Jerome Powell, Federal Reserve Chairman stated that Facebooks forthcoming stablecoin should cease development.
Facebooks stablecoin project, the core goal of which is acting as a cross-border payment method, has reportedly caused bitcoin to bounce during the past few weeks. Many public cryptocurrency figures have argued that Libras public sentiment was the driving force behind bitcoins recent positive sentiment.Read more here.
The early hours of this morning saw the cryptocurrency markets falling noticeably after bitcoin (BTC) experienced a $1,000 sell-off, effectively nullifying a bullish breakout which could have tested its recent highs.(Trading at $11,508.64 at 14:00 11 July 2019)Read more here.
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Bitcoin trading around $8,200 while altcoins see modest gains
The ethereum price saw a decrease in light of bitcoins decline, plummeting below the $300 support level.
Ethereums ETH/USD pair dipped below the $295 support level to flow into a bearish zone. Furthermore, there was also a close below the $295 level and the 100 hourly simple moving average.Read more here.(Trading at $271.42 at 14:00 11 July 2019)
Ripple[XRP] is the third-most valued cryptocurrency across the globe. It has been recognized by various banks, (most recently, Falcone Private Bank) and has had big partnerships like Moneygram. Ripple also has the tendency of hiring the best and the most seasoned players to be part of their team. However, the altcoin which uses distributed ledger technology in place of blockchain has been an underperformer during 2019.
The price of XRP is $0.331839 after it plummetted by 15.83%. The trading volume recorded is $2.392 billion. The supply consists of 42,566,596,173 XRP tokens for now. The total market capitalization for Ripple is $14.125 billion.Read more at
Like any other network where consensus is via a proof-of-work algorithm, Litecoin is secure because of miners. Miners, according to many textbook definitions, have the sole purpose of confirming transactions and fortifying the network by committing their computational power.
However, in less than a month from now, that amount will be slashed by half to 12.5 LTCs. For the ordinary investor, LTC will likely surge. All the same, there is this realization that despite the optimism, supply-demand dynamics may have priced-in next months LTC value.Read more at m
All the technical levels have turned negative amid increased crypto volatility. LTC/USD is trading at $105 after making a shallow recovery from $101.32 (intraday low). The Relative Strength Index (RSI) has dived into the overbought further strengthening the bear reversal.(Source:fxstreet.com)
A bullish start to the day saw Bitcoin Cash ABC strike a morning intraday high $423.11 before hitting reverse.
Falling short of the first major resistance level at $426.86, Bitcoin Cash ABC slid to an intraday low $378.5.Read more at fxempire.com.
An Exchange powered by Changelly allows users to easily swap EOS to more than 1200+ cryptocurrencies listed by Lumi.
Lumis process of full EOS adoption has come a long way since the end of April when the support of the blockchain was announced. Lumi Wallet was learned to import, export, hold and transfer EOS.Read more at cointelegraph.com
EOS is one of the worst-performing altcoins on Thursday. The sixth largest coin with the current market value of $4.2 billion has lost over 20% in recent 24 hours amid significant sell-off on the cryptocurrency market. At the time of writing, EOS/USD is changing hands at $4.6, having recovered from the intraday low of $4.31. (Source:fxstreet.com)
Top crypto exchange Binance has launched its margin trading platform, an official blog post published today, July 11, reveals.
Binances move to expand trading possibilities to meet the full scope of institutional and retail traders needs had already been indicated by exchange CEO Changpeng Zhao this May the same month the exchange had suffered a major hack incurring $41 million in losses.Read more at cointelegraph.com
Binance Coin (BNB) was in a bearish trend yesterday, July 10. The bears broke the 12-day and the 26-day Exponential Moving Averages (EMAs) as BNB price tests or break the lower price range. The EMAs are sloping horizontally, which is an indication that Binance Coin price is in a sideways trend. The price of BNB is now trading between $30 and $40 price levels. (Source:kryptomoney.com)
Metropolitan Commercial Bank maintained accounts for stablecoin issuer Tether and affiliated companies for less than half a year before shutting them down, a spokesperson told CoinDesk.
The New York Attorney General (NYAG)s office, which is embroiled in a legal battle with Tether and its sister company, crypto exchange Bitfinex, filed new documentation Monday showing that Tether held accounts at Metropolitan Bank and Signature Bank, two cryptofriendly banks based in the state.Read more at coindesk.com(Trading at $0.996414 at 14:00 11 July 2019)
Bitcoin SV traded 10.2% lower against the US dollar during the 1-day period ending at 23:00 PM Eastern on July 10th. One Bitcoin SV coin can currently be bought for $184.63 or 0.01567618 BTC on exchanges including SouthXchange, DragonEX, Trade Satoshi and Coinbit. Over the last seven days, Bitcoin SV has traded 8.8% lower against the US dollar. Bitcoin SV has a market cap of $3.30 billion and approximately $403.31 million worth of Bitcoin SV was traded on exchanges in the last 24 hours. (Source:trentdailytimes.com)
Opera has added support for Bitcoin (BTC) and Tron (TRX) blockchain-based tokens to the crypto wallet for Opera for Android (version 53 beta).
In an official blog post published July 10, the internet browser developer revealed that users of Opera for Android can now send and receive BTC, TRX and TRC-10 standard tokens and that webpages can also request and receive addresses for users to complete transactions with BTC.Read more at cointelegraph.com(Trading at $0.028193 at 14:00 11 July 2019)
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.
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