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Crypto Market Wrap: Tron Flips Stellar to Regain Top Ten Spot
Crypto markets hit another new 2019 high yesterday; Bitcoin holding gains, TRX moving up ETH, XRP, LTC, BCH and EOS falling back.
Market Wrap
It has been a wonderful weekend for crypto markets, the best so far this year. Bitcoin’s push through five figures has lifted total market capitalization to a one year high of over 5 billion. Monday morning markets remain buoyant as BTC has held on to most of its gains yet again.
The Bitcoin parabola has continued as it topped out at ,250 during Sunday trading. It was the second time over the weekend that BTC broke above k but it could push no further and fell back twice. Bitcoin is currently starting to consolidate around the ,750 level during Asian trading today. Daily volume peaked at billion over the weekend which pushed market cap to 0 billion.
Ethereum also got a lift from its big brother as it finally broke above the 0 barrier. ETH hit a top of 0 yesterday before pulling back a couple of percent today to settle at around 5. Gains were solely on the back of Bitcoin as ETH remains slow to recover in comparison.
Altcoin Outlook
The crypto top ten is starting to correct during Monday trading across Asia. Most altcoins are shedding their weekend gains with XRP, Litecoin, Bitcoin Cash, and EOS dropping 4 percent each. Only Tron has made a gain today with 4 percent added to reach .038. Justin Sun did not miss the opportunity to point out that TRX has flipped Stellar for a top ten slot as market cap topped .5 billion:
Back to Top 10 now. #TRON #TRX $TRX #BitTorrent #BTT $BTT pic.twitter.com/0OevisDE6M
— Justin Sun (@justinsuntron) June 24, 2019
The top twenty is all red today as altcoins drop gains and remain weak. Cosmos and IOTA have dumped over 4 percent while Stellar and NEO are close behind. Monero and LEO have remained flat on the day.
FOMO: Lambda Launches
Today’s crypto top one hundred pump is going to LAMB which has surged by 48 percent to reach an all-time high of .17. The Chinese decentralized data storage token has recently been listed on Bittrex and OKEx which is likely to be driving momentum.
Aeternity is also spiking at the moment with a 13 percent boost and Hedge Trade is the third altcoin with a double digit gain. Insight Chain is getting dumped hard as it falls to the bottom of the pile losing 30 percent. MaidSafeCoin and KuCoin Shares are also in pain with 10 percent dropped a piece.
Total crypto market capitalization hit a one year high of 6 billion yesterday. Bitcoin’s push above k has contributed to most of it and altcoins dumping today has dropped total cap back to 4 billion. Daily volume peaked at almost 0 billion on Sunday but has since cooled off as markets correct slightly.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Tron Flips Stellar to Regain Top Ten Spot appeared first on NewsBTC.
Crypto Market Wrap: Altcoins Get Eaten as Bitcoin Cranks Higher
Crypto markets remain sideways; Only Bitcoin has moved, XLM and BNB dropping, Monero rising slowly.
Market Wrap
Crypto markets have inched backup a little today as Bitcoin makes another push towards resistance in the mid .5ks. BTC is still clearly in the driving seat and altcoin gains are marginal in comparison. Total market capitalization is back above 5 billion and heading towards a new 2019 high.
Following a day or two of consolidation Bitcoin broke out again in a one hour spike sending it to an intraday high of ,350. Since then gains have held as BTC hovers around its highest price for over a year. A huge wall of resistance lies just above this level so further consolidation here is likely for the coming days.
Ethereum has done nothing again, not even getting a gain off Bitcoin’s 2 percent pump. ETH remains stagnant below 0 and further losses appear imminent. There is still support at 0 which is holding but there has been very little momentum for Ethereum all week.
Altcoin Outlook
The crypto top ten has done very little over the past 24 hours with most coins moving less than a percent in either direction. The biggest movement has come from Stellar dropping another 2 percent and looking extremely weak. BNB is also down by a similar amount.
Very little is going on in the top twenty during Asian trading today. Monero is the only altcoin gaining as it makes 3 percent to top 0. Losing 3 percent are Cosmos and NEO. Tezos has now dropped out of the top twenty dumping another 4 percent today.
FOMO: MaidSafeCoin Making It
There are no major pumps going on at the moment but the top performing altcoin in the top one hundred is MAID getting 13 percent. Nothing much is driving it aside from the usual anti Facebook rhetoric that everyone in crypto already knows.
6/ Remember Cambridge Analytica! You can’t trust #Facebook with your data, why trust them with your money…
— MaidSafe (@maidsafe) June 19, 2019
Egretia is the second best performer grabbing 8 percent today. Getting dumped is yesterday’s fake pump, Insight Chain, as INB drops 12 percent. Ardor is also falling back hard with a 7 percent loss on the day.
Total crypto market capitalization has increased by billion or so on the day. This is pretty much all Bitcoin as the daddy drives markets to 8 billion. BTC dominance is still over 57 percent as the altcoins remain asleep for now.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Altcoins Get Eaten as Bitcoin Cranks Higher appeared first on NewsBTC.
Crypto Market Wrap: All Eyes On Bitcoin as Altcoins Consolidate
Crypto markets consolidating today; Bitcoin takes a breath, LTC back up, XRP, EOS and Tezos retreating.
Market Wrap
Crypto markets have remained in consolidation for the past 24 hours. Very little movement has occurred on most of the majors as Bitcoin shows no direction at the moment. Total market capitalization remains around 5 billion this Wednesday morning.
Bitcoin peaked at ,250 yesterday but failed to hold that level, sliding just below k three times in the past 12 hours. It did recover back above it every time though and is currently sitting at ,150. With heavy resistance above .5k and a new support zone at .7k BTC could consolidate here for a while.
Ethereum is still stagnant, dropping back below 0 again in a downside correction. The next key support level is 0 and a fall through this could lead to larger losses for ETH. Without any clear fundamentals it is hard to see where else it can go in the short term.
Altcoin Outlook
Red dominates the top ten during today’s Asian trading session. XRP could not hold on to its gains despite the big partnership announcement and has fallen back over 3 percent to .43. Bitcoin Cash, EOS and Stellar are shedding a similar amount as altcoins remain weak. Only Litecoin and Binance Coin are in the green, but only just as these two continue to hold strong.
The top twenty outlook is also mixed but most crypto assets remain flat for another day. Ethereum Classic and Tezos are the only two that have really moved in the past 24 hours and both are falling back. Zcash is making a comeback and is about to flip NEM for that 20th spot as ZEC grabs 8 percent on the day.
FOMO: Insight Chain Cranks
The pump of the day has gone to INB which has spiked 85 percent to reach .34. There does not appear to be anything obvious fundamentally driving this EOS based blockchain project. Nearly all of the volume is on one exchange, Livecoin, indicating that the pump is probably manipulated.
Ardor is doing well today with a climb of 26 percent and privacy based Zcoin is third with a 16 percent gain on the day. At the red end of the top one hundred is Aurora which probably isn’t worth mentioning any more. Zilliqa and Chainlink are also dumping over 7 percent each.
Total crypto market capitalization has not really changed much over the past day. It is back to yesterday’s level of 4 billion with a daily volume of billion which has fallen significantly this week. Altcoins are still largely frozen as Bitcoin continues to dominate, still commanding over 57 percent of the market.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: All Eyes On Bitcoin as Altcoins Consolidate appeared first on NewsBTC.
Crypto Market Wrap: Bitcoin Still Dominating as Weekend Gains Hold
Crypto markets holding on to weekend gains; Bitcoin still dominating, XRP moving up, ETH retreating slowly.
Market Wrap
Crypto markets have held on to weekend gains and there has been no typical ‘Red Monday’ reaction so far. Bitcoin’s surge to new 2019 highs has buoyed up markets and several altcoins have also gained. A number have fallen however, but in general total market capitalization is high and holding above 0 billion.
Bitcoin traded above ,300 twice yesterday marking a new high for thirteen months. A pullback dropped BTC price back to high ,000s but it quickly recovered during Asian trading today to reach ,200 again at the time of writing. Technical indicators and historical highs show a lot of resistance at ,600 which will need to be broken for BTC to hit five figures.
Ethereum got a weekend boost reaching 8 but it has not been able to follow Bitcoin and hold those gains. ETH is down 2 percent since yesterday dropping prices back below 0. The longer term trend for ETH is still up though so more momentum could take it to 0 this week.
The top ten is pretty mixed during Asian trading on Monday morning. XRP is showing a little progress with a further 2 percent added taking it to .429. Litecoin has remained flat following its epic rise last week and is still at 5 and the rest are level with yesterday’s prices.
Top twenty movements are also mixed with Cosmos and Tezos getting the best performance adding over 4 percent each to reach .54 and .33 respectively. NEO has added almost 3 percent and NEM is back in the big twenty with a 5 percent gain. As above, the rest are pretty flat this morning.
FOMO: A Smiles For Grin
Entering the crypto top one hundred with a 12 percent push is Grin, a private lightweight blockchain based on mimblewimble. The only thing that could be driving momentum is an approaching hard fork next month. Bytom is the only other double digit altcoin today with 11 percent added, BitTorrent token is third gaining over 8 percent.
There are no big dumps going on as markets remain flat on the day. At the bottom of the pile right now is Dent, MaidSafeCoin, and KuCoin Shares dropping 5-6 percent.
Total crypto market capitalization is at 4 billion, holding gains but remaining flat over the past 24 hours. Since last Monday crypto markets have gained a solid 16 percent, driven largely by Bitcoin. Over the same period daily volume has jumped from to billion. Bitcoin dominance is also up to 57.3 percent as it continues to eat into lack luster altcoins.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Bitcoin Still Dominating as Weekend Gains Hold appeared first on NewsBTC.
Crypto Market Wrap: Consolidation Could Crack on Bitcoin’s Next Move
Crypto markets still range bound; Bitcoin, BCH and BSV moving marginally, Litecoin, BNB and ADA fall back.
Market Wrap
It has been another day of consolidation for crypto markets as they end the week flat. Very little movement outside of the channel has occurred this week as total market capitalization has been range bound around the 0 billion level. Things have picked up marginally for some crypto assets but others have lost ground.
Bitcoin hit an intraday high of just above ,300 a few hours ago but pulled back to its current price of ,230. The move is bullish but not strong enough to break the resistance at this level. Volume has picked up again and is approaching billion which is a sign that further gains could be on the cards.
Ethereum is still flat and holding around 5. There has been very little momentum in the ETH camp and it is down 1.5 percent on the day. Volume is declining as the head and shoulders formation reaches its closure and a drop could be imminent. Current support for ETH lies at 0.
The top ten is showing more red than green during Asian trading this morning. The only two aside from Bitcoin that are up on the day are Bitcoin Cash with 2.5 percent and Bitcoin SV with 3.5 percent. The rest are in the red with Litecoin and Binance Coin dropping the most at over 3 percent each.
Top twenty movements are also minimal with a couple of percent being dropped by Cardano and Tron. Gaining a similar amount are Cosmos and NEO reaching .25 and .13 respectively. The rest are plus or minus a percent or so as the crypto consolidation continues.
FOMO: Chainlink Spikes on Google Hints
It comes as no surprise that today’s top one hundred top performer is Chainlink. The 43 percent spike came after Google Cloud dropped hints that it would be working with Ethereum based LINK. The Reddit feed went wild and the altcoin spiked in volume from million to 0 million as the fomo frenzy gathered pace. Binance is getting the majority of trade at the moment with 67 percent.
Energi is a newcomer to the top one hundred with a 30 percent pump as NRG gets listed on KuCoin. Bytom has also had a productive 24 hours with 14 percent added. As predicted the big dump is Aurora as it peaks and troughs on a daily basis, today dumping 50 percent for no obvious reason.
Total crypto market capitalization is currently marginally higher than this time yesterday at 2 billion. Markets are still range bound however and are unlikely to see any bigger moves until Bitcoin breaks out. The push back above ,200, albeit briefly, is a bullish sign though so the weekend in crypto land could get interesting.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Consolidation Could Crack on Bitcoin’s Next Move appeared first on NewsBTC.
Crypto Market Wrap: Litecoin Lifting 10% as Bitcoin Continues Consolidation
Crypto markets remain sideways; Litecoin still surging, BNB and Cardano doing well, Bitcoin and ETH flat.
Market Wrap
As the crypto consolidation continues markets have fallen back again following a day of minor gains. There is still no sign of this correction that everyone is expecting as total market capitalization remains above 0 billion and Bitcoin remains sideways.
Bitcoin fell back to ,780 yesterday before recovering back to ,050 during Asian trading today. As was the case yesterday, BTC dropped back below k pretty quickly and is still trading there, flat on the day. Unless the bulls can take it above .2k BTC will remain range bound.
Predictably Ethereum has also done absolutely nothing and remains trading at 8, a fraction higher than it was this time on Tuesday morning. ETH is still hopelessly tied to Bitcoin and is likely to remain so until some fundamentals kick it into gear.
The top ten is a mixed affair during the morning’s trading session. Many altcoins have not moved at all since yesterday but one is showing a lot of strength with a 34 percent gain on the week and another 9 percent added today. Litecoin has turned 5 from resistance into support and has surged to 0 as the halving fomo heats up. Analysts expect LTC to reach 0 before traders start taking profits and it retraces a little. Binance Coin is the only other one moving with a 4 percent gain to reach .
The top twenty is looking equally mixed today with Cardano leading things adding 5 percent to .088. Tron, IOTA and NEO have notched up a further 2 percent each but the rest remain flat, unchanged from yesterday.
FOMO: Egretia Emerges
Entering the crypto top one hundred with a spike of 30 percent is EGT which is now priced at .015. OKEx is driving momentum for this Singapore based video gaming token with a series of giveaways.
A Breaking News: 5 Million EGT Giveaway!!!
11:00 am June 11th - 11:00 am June 18th in OKEx
More details: https://t.co/jn3pTaOv17 #egt #okex #airdrop #gaming #blockchain pic.twitter.com/DOFzalUUKz— Egretia (@Egretia_io) June 10, 2019
Zcoin is also on a pump today as XZC adds 20 percent largely driven by crypto exchanges in Thailand. WAX is the third best performer today with a rise of 11 percent. Such a surprise at the red end – it is Aurora again dumping 23 percent; this altcoin is so predictable that everyone should be trading it.
Total crypto market capitalization is up a tiny fraction from yesterday at 6 billion. The mini billion dump was quickly recovered meaning that markets are still at the same level and still consolidating. Nothing is likely to happen until Bitcoin makes a bigger move, its dominance has been steadily eroding this month and it is now down to 55.4%.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Litecoin Lifting 10% as Bitcoin Continues Consolidation appeared first on NewsBTC.
Crypto Market Wrap: Litecoin Lifts Markets as $8 Billion Returns
Crypto markets back in the green today; Litecoin still climbing, ETH doing well, XRP, XLM and NEO flat.
Market Wrap
A lot of traders expected Monday’s red start to the week to continue and accelerate losses into Tuesday. As a testament to how fickle and volatile crypto markets can be the opposite has occurred pumping billion back into the space. Total market cap is back above 0 billion again and green is the dominant colour on the crypto charts.
Bitcoin made another one of its ‘Bart Simpson’ chart patterns late yesterday as it spiked around 0 in less than two hours. The move sent BTC surging from ,650 to just above ,000 which keeps it range bound on the week for now. Since the spike BTC has retreated back below k but has held gains giving it a 3.3 percent rise on the day.
Ethereum mirrored the move jumping 4 percent back to 5. ETH remains coupled to its bigger brother so the next direction is likely to be dictated from above.
The top ten is all in the green during today’s Asian trading session. One clear winner has emerged though as yet again Litecoin surges double digits. The halving fomo is keeping LTC strong as it pumps another 10 percent to reach 8. The rest are making 2-3 percent aside from XRP and XLM which are still static.
Top twenty movements are similar with privacy coins Monero and Dash doing the best gaining over 3 percent. The rest are up marginally on the day as Bitcoin leads them forwards again.
FOMO: Aurora Pumping Again
As we have seen countless times before AOA is pumping again. This time with a whopping 80 percent as it surges into the crypto top forty. As usual nothing is driving it fundamentally so expect a dump of similar proportion tomorrow. Fantom has also entered the top one hundred with a 70 percent spike as it gets listed on Binance;
Trading on @binance has commenced for $FTM. #FantomiansUnitehttps://t.co/BGySqpsBbN
— Fantom Foundation (@FantomFDN) June 11, 2019
Getting beat up today is GXChain, yesterday’s fomo coin, which is the only double digit loser at 11 percent.
Total crypto market capitalization is up billion today as Bitcoin drives it to 4 billion. The move has maintained the consolidation as all eyes are on BTC and its next larger shift. Whichever direction this turns out to be, will be the same one for the altcoins.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Litecoin Lifts Markets as Billion Returns appeared first on NewsBTC.
Crypto Market Wrap: Red Monday as Altcoin Selloff Accelerates
Crypto markets falling back on Monday; BSV, XRP, and Tron dropping back, Litecoin and NEO stay afloat.
Market Wrap
Crypto markets are seeing red as we begin another trading week. Most of the majors are in decline following Bitcoin’s failure to hold gains and break ,000. Total market capitalization has dropped below 0 billion and is poised to fall further as the selloff accelerates.
Bitcoin has dumped 2.5 percent on the day falling from just under k down to support at ,500. BTC recovered a little during early Asian trading but is still down on the day trading at around ,700. A big bearish signal was given by the weekly candle which was biggest drop since December at almost 11 percent.
As expected Ethereum is faring no better with a slide of over 3 percent down to 5. There is strong support around the 0 area and it could soon be there if analysts are correct.
The rest of the top ten is in the red as crypto declines increase. Bitcoin SV has dropped the most at over 6 percent falling back to 3. XRP is not far behind with over 4 percent lost as the Ripple token falls below .40 again. Bitcoin Cash, Binance Coin and Stellar are not doing much better. Litecoin has remained steady as halving fomo continues to drive LTC higher.
Top twenty losses are marginally greater with Tron dumping the most at over 5 percent. IOTA, Cosmos and Ethereum Classic are all losing around 3 percent and NEO is the only altcoin in the green adding 2 percent to remain over .
FOMO: Nebulas Skyrockets
A massive dose of fomo has hit NAS today as it shoots up 45 percent. The autonomous smart asset platform does not appear to have anything fundamentally driving it aside from yesterday’s Nebulas Council Election Assistance Campaign launch;
Want to be part of the Nebulas Council but need more community assistance? Then this program is for you with 15 million $NAT up for grabs!
Take a look & let us know what you think,Good luck candidates!https://t.co/CnbCDEmB6o
— Nebulas.io (@nebulasio) June 8, 2019
Also getting a pump today is GXChain which has surged 36 percent and NULS up almost 20 percent. At the messy end of the crypto top one hundred is HyperCash dumping 13 percent while Ravencoin gets hit 9 percent on the day.
Total crypto market capitalization has declined billion since this time yesterday. It is now at 7 billion with a daily volume of billion. Over the week markets are down 8.5 percent as over billion has left the space. With Bitcoin poised to fall further the pain is likely to continue this week.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Red Monday as Altcoin Selloff Accelerates appeared first on NewsBTC.
Crypto Market Wrap: Litecoin Leading Markets Higher With 10% Pump
Crypto markets inch up slowly; Litecoin and Tezos on a charge, BSV falling further back.
Market Wrap
As we end another week in crypto land markets are starting to pick up a little. There has been no major breakout for Bitcoin yet but some of the altcoins are doing well and green is back in the tables. As a result total market capitalization is back over 0 billion again.
Yet again Bitcoin pushed just above ,900 for an intraday high before pulling back. It subsequently dropped below ,500 again hitting support for a double bottom. At the time of writing BTC is back to ,900 trading flat on the day.
Ethereum has done virtually nothing over the past 24 hours and is still lulling just below 0. ETH is very unlikely to move until its big brother does, and it will definitely be in the same direction.
There is a little more activity in the top ten during today’s Asian trading action. Green dominates over red and Litecoin is the clear leader with a push of 10 percent to 3. Less than 60 days to the halving is driving momentum for LTC which is likely to climb higher in the coming weeks. Market cap has now surpassed billion and it is very close to flipping BCH for fourth. XRP is the other mover today as it gains 5 percent as rumors of a MoneyGram buyout circulate. BSV continues to get dumped.
The top twenty cryptos have seen a lot of movement from Tezos which has surged 14 percent to .36. There does not appear to be a lot fundamentally feeding the fomo aside from rumors that Coinbase Custody is loading up on XTZ. The rest in this section are a percent or two in either direction today.
FOMO: Metaverse ETP Pumps
ETP is getting another spike today as it rises 16 percent following a recent Finwise event in Hong Kong. Aside from Tezos, HyperCash is also doing well gaining 13 percent on the day and Decentraland is up 11 percent.
Getting dumped at the messy end of the crypto top one hundred is Maximine Coin sliding 18 percent. Yesterday’s pump, SOLVE, is today’s dump as it drops 14 percent and the crypto stalwart MaidSafeCoin is losing out on the day sliding 11 percent.
Total crypto market capitalization has picked up marginally, adding billion to reach 3 billion. Volume is at billion and the minor move not been enough to signal a wider break out yet. All eyes are still on Bitcoin which has dropped back in dominance slightly at the expense of Litecoin.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Litecoin Leading Markets Higher With 10% Pump appeared first on NewsBTC.