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Latest cryptocurrency news and prices, 20 August 2019
The altcoin markets are rallying while Bitcoin is set to retest the $12,000 area. Here are your latest cryptocurrency news and prices.
After several days of sideways trading Bitcoin (BTC) and the altcoin markets are finally recovering. Bitcoin is trading close to the $11,000 resistance with analysts stating that the OG cryptocurrency could retest highs above $12,000. Here are your latest cryptocurrency news and prices.
Data gleaned from CoinMarketCap reveals that Bitcoin is challenging the $11,000 level after Mondays session saw the OG crypto recording a notable 5% gain. The crypto markets seem to be reacting positively to the news that crypto exchange, Binance has plans to create and issue its own version of Facebooks Libra.
At the time of writing, BTC/USD is trading at $10,810.78 per coin as per data from CoinMarketCap marking 4.9% in daily gains with weekly gains being down by 5.5% in losses.
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(Trading at $10,810.78 at 14:00 20 August 2019)
Yesterday, there was a decent recovery initiated in ETH price above the $190 resistance against the US Dollar. More importantly, bitcoin price rallied and climbed above the $10,500 and $10,600 resistance levels (as discussed yesterday). It opened the doors for more gains and ETH/USD climbed above the $195 and $198 resistance levels. Moreover, there was a break above the $200 resistance and a close above the 100 hourly simple moving average.
Yesterday, we saw a decent recovery in XRP price above the $0.2700 resistance against the US Dollar. The XRP/USD pair even climbed above the $0.2800 resistance and settled above the 100 hourly simple moving average. It opened the doors for more gains above the $0.2850 level. More importantly, there were decent gains in other altcoins, including Ethereum, EOS and litecoin.
(Trading at $0.279644 at 14:00 20 August 2019)
Follow two straight bullish days the BCH/USD price chart has had a bullish breakout from the triangle formation. Over this Tuesday, the price has gone up from $317 to $325. The 20-day simple moving average (SMA 20) curve is acting as immediate market resistance and is looking to cross over the SMA 50 curve. The moving average convergence/divergence (MACD) indicator shows decreasing bearish momentum,
Litecoin, as a Top-5 coin in the market, has a huge user base and it gets decent attention for this. For the past few days, the coin was negatively focussed as it was under pressure. But the day before yesterday Litecoin managed to get over the 75 USD mark. In the last 24 hours, the coin could not advance further, but it maintained well its value near 76 USD. We will be analyzing the four major price swing of Litecoin in the last 1 day. Let us see the current statistics first.
Tracing the intraday movement, yesterday the Binance coin opened with a price mark of $27.95 and closed with a slight growth of 3% it closed the day around $28.81. In the past 24 hours the coin has topped as high as $29.33. However, today the coin is exhibiting a flattening trend since the start of the day. With this coin is ranked at 6th position in the crypto market and fetches>
9000% Return on Investment with its current trading BNB price being $28.54. The market cap of the price of Binance is nearing around $4.5 million and the BNB coin makes its position amongst the top 10 coins of the market.
Bitfinex and Tether must continue turning documents about an alleged $850 million cover up over to the New York Attorney General (NYAG), a judge ruled Monday.
New York Supreme Court Judge Joel M. Cohen ruled that the crypto exchange and stablecoin issuer would have to have to continue turning over documents about a loan the latter company made to Bitfinex, though the companies are expected to appeal the ruling.
EOS price, transaction volume, and dApp activity in the last several months saw a significant drop. Analysts seem to believe that the reason is the approaching hard fork, as well as the recent announcement of EOS social platform, Voice.
According to research published by a cryptocurrency and blockchain analysis firm, Brave New Coin, EOS has seen one of the most significant downward trends in its history. The drop did affect not only EOS price but also its transaction volume, as well as overall activities within its ecosystem. Even EOS dApps are seeing a significant drop.
While many cool applications have helped broaden the appeal of Bitcoin SV (BSV), one of the earliest applications has been vital to developers, enthusiasts and power users alike. WhatsOnChain has been a vital resource to the BSV community, and to help discuss its impact, co-founder Simon Ordish joined our Becky Liggero at the CoinGeek Toronto 2019 scaling conference.
Ordish and his team started WhatsOnChain because they saw an opportunity to fill a much needed gap. Well we wanted to get a block explorer out there when the fork happened, because there wasnt one out there, and we couldnt find one, so we decided to write one ourselves, he said. It was just meant to be a little bit of a hobby, but its turned into a bit more than that.
XMR/USD has gone down from $90 to $89 in the early hours of Tuesday. The bulls had taken the price up to $91.25 before the bears stepped back in and took it down to $89. This Monday, the bears took control of the market took the price down from $88 to $85, where it found support and bounced up to $90. The price is currently consolidating in a flag formation, looking to break out from the triangle pattern.
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.
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