|Day's Range||319.438 - 359.052|
|52 Week Range||123.25 - 522.09|
|Volume (24hr) All Currencies||5.85B|
Bitcoin Cash remains on the brink of a major correction after suffering a 26% decline over the past 11 days. It is now hovering above the $360 level of support despite momentarily rallying to around $400 on Monday. The lack of positivity from a technical perspective is in stark contrast to that of Ethereum which remains in a bullish posture with daily candles consistently closing above the $257 level of support. A break down in price from $360 will see Bitcoin Cash test the 100 exponential moving average (EMA) at $327 with potential that it may slide all the way down to the 200 EMA $307. In order to invalidate the current bearish bias it needs to rally and closeThe post Latest Bitcoin Cash price and analysis (BCH to USD) appeared first on Coin Rivet.
It’s a bearish start to the week, with Bitcoin unable to hold onto $10,000 levels early in the day. A Bitcoin move through to $9,880 levels would signal a rebound.
A number of top cryptocurrencies suffered a gruelling weekend of downside price action with the likes of Bitcoin Cash falling by 21% while Ethereum succumbed to a 12.75% pullback. Tough weekend for cryptocurrency The market-wide sell-off saw more than $26 billion wiped from the combined market cap of cryptocurrencies, which now stands at $282 billion after dwindling from $308 billion. Bitcoin was also left reeling after a sufficient move to the downside following a rejection from the $10,500 level of resistance. At the time of writing it was trading back below the psychological $10,000 level at around $9,800, which is in confluence with the daily 22 exponential moving average (EMA). Ethereum stutters Despite the recent sell-off, Ethereum continues to tradeThe post Altcoins bleed as sell-off wipes $26bn from cryptocurrency market cap appeared first on Coin Rivet.
After a bearish weekend, the majors are struggling at the start of the week. Bitcoin would need to return to $10,000 levels to resume the upswing.
It was a particularly bullish week last week, with Bitcoin returning to $10,000 levels. A move through to $10,200 would signal more upside ahead.
Bitcoin surging 30% to top its 200-day moving average could signal another strong year to come for bitcoin, says Fundstrat's Tom Lee.
It’s a mixed start to the day for the majors, with Bitcoin in the red early on. A bitcoin move back through to $9,400 levels would deliver support…
Roger Ver's mining pool Bitcoin.com has decided to not support a proposal that aims to redirect 12.5% of Bitcoin Cash block rewards to a development fund.The post Bitcoin.com withdraws from Bitcoin Cash proposal to divert part of block rewards to dev fund appeared first on The Block.
Bitcoin Cash (BCH) is currently trading at around $369 after pumping over 14% in the past 24 hours. The fourth-largest cryptocurrency by market cap was trading at a low of $309 on Sunday morning before price started spiking - and it shows no signs of slowing down. On the daily chart, the 20-day EMA has now crossed both the 50-day and 200-day EMAs to the upside - a very bullish signal. The 50-day EMA is ticking upwards towards the 200-day EMA as well, indicating a golden cross could soon be on the cards for BCH. Will Bitcoin Cash keep pushing towards new highs this week? Let's take a look at the daily chart for Bitcoin Cash versus Bitcoin, courtesy ofThe post Bitcoin Cash pumps over 14% in 24 hours appeared first on Coin Rivet.
Jiang Zhuoer, CEO of BTC.TOP, the largest mining pool on Bitcoin Cash, announced a proposal through a blog post that would redirect 12.5% of Bitcoin Cash Coinbase block rewards to a development fund. The fund is a Hong Kong corporation that has been set up to legally accept and disperse funds and would be provided […]The post Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem appeared first on The Block.
Blockchain payments processor BitPay has added support for XRP, the world’s third-largest cryptocurrency by market capitalization. XRP has been integrated on BitPay's platform via Ripple’s open developer platform, Xpring. The two companies first partnered on the initiative in October. At the time, Sean Rolland, BitPay’s director of product, said that XRP can offer a payment […]The post BitPay adds support for XRP appeared first on The Block.
Altcoins have shown impressive spike and at the moment switched to more moderate growth. Over the last week, the total capitalization of the crypto market grew by 18% to $244bn. Bitcoin can boast of infrastructure, institutional investors, recognizability.