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A while ago, Ripple’s Brad Garlinghouse said that XRP is going to gain its independence from Bitcoin. What exactly did he mean. Well, for as long as the cryptocurrency market has been in existence, the price of Bitcoin has had a significant impact on the prices of altcoins. As Bitcoin rises, so do these altcoins. As Bitcoin falls, they typically follow. Garlinghouse predicted that a time is coming when some strong projects like XRP will gain independence from Bitcoin. When this happens, the price of Bitcoin will no longer affect the price of the said altcoin. Well, things appear to be working in favor of XRP now. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.477414 0.55% The current turmoil the cryptocurrency market is facing can be blamed on the Bitcoin Cash hard fork. As the war between Bitcoin SV and Bitcoin ABC intensifies, the enter cryptocurrency market suffers with BCH taking the lead. While yesterday was marked with a minor recovery, everything seems to be going sidew..
The impact of this week’s market volatility is beginning to fade for major cryptocurrency assets, markets confirm. Cryptocurrency markets are recovering from their recent mini crash today, Nov. 16, with only Bitcoin Cash (BCH) going against a trend which saw assets gain as much as 4.3 percent in 24 hours. Market visualization. Source: Coin360 The fallout from turbulence over BCH’s controversial hard fork, which occurred Thursday, Nov. 15, appeared not to last, with Bitcoin (BTC) recovering a modest 1.35 percent Friday to trade around $5,590 by press time. The largest cryptocurrency had fallen hard in the hours leading up to the hard fork, at one point trading as low as $5,146 according to data from Cointelegraph’s price tracker, Coin360, CoinMarketCap, and Bitcointicker. A full correction, one analyst has warned, could nonetheless take “weeks or months” to solidify. Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index By contrast, BCH itself has failed to capitalize ..
A wobble in Bitcoin has spelled increased volatility for the majority of big-name cryptocurrencies. Cryptocurrency markets are showing red across the board Nov. 14, as a steep drop in Bitcoin (BTC) ricocheted across major assets. Data from Cointelegraph’s price tracker, Coin360, and Bitcointicker confirms BTC/USD bouncing off support around $6,150 on exchanges, at press time hovering above $6,200 again. Market visualization. Source: Coin360 The dip to $6,150 marks a fresh test of the stability seen in Bitcoin for the past several weeks, the largest cryptocurrency not testing the barrier since mid August. No major events appeared to contribute to the latest declines, with some analysts nonetheless predicting the ongoing bear market would continue into 2019 — longer than many had previously assumed. “Putting together the blockchain view, I suspect the timing for a bottom may be around Q2 2019,” technical analyst Willy Woo, creator of data site Woobull, commented on social media Nov. 13..
sponsored A new virtual crypto ATM software which allows people to buy or sell cryptocurrency at any retail location that has a checkout. The only thing required by customers is their email address. While the number of people who want to use Bitcoin or Ethereum for their daily purchases is growing, one of the most confusing aspects for beginners is still how to actually buy and sell crypto. Online peer-to-peer exchanges may look questionable or too complicated for some users. Purchasing altcoins may be even more complicated - in order to buy many of them, users have to purchase major cryptocurrencies first. Netcoins Inc. is one of the companies that aims to offer a solution for those who prefer to buy Bitcoin and altcoins from a trusted source, rather than online. The team is creating a new opportunity for altcoins to get into the physical retail marketplace, allowing users to buy crypto instantly for fiat with cash, debit, or credit card. How it worksNetcoins, a company based in Van..
Most top twenty cryptocurrency see less than 1 percent volatility in the past 24 hours, data confirms. An eerie calm continues to linger over cryptocurrency markets Friday, Oct. 26, as Bitcoin (BTC) volatility hits an all-time low and altcoins remain stagnant. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 paints an underwhelming picture for short-term speculators, but one that has delighted many analysts, who have begun hailing a new era of Bitcoin stability. On Friday, Bloomberg joined the multiple cryptocurrency industry commentators to highlight Bitcoin’s lack of volatility, with October 2018 being the least volatile for eighteen months. Commentators claimed this was a sign the leading coin was nearing its bottom. At the same time, one fund management head told the publication, the ongoing bear market should be “getting tired” and a bullish upturn was likely to form Bitcoin’s next move. That sentiment was repeated by Fundstrat Global Advisor..
Yesterday, altcoins suffered significant losses after Bitcoin took a bearish slope. This morning, the tides have changed for some while others are still red. While the altcoins are trading in green now, they may start trading in favor of the bears soon. If the sellers show up again, the price will crush significant support lines. Traders have been advised to hold of on selling Litecoin and Stellar until the price of Litecoin calls below $50 and the price of XLM falls below $0.18. Altcoin Price Analysis For October 12 Cardano (ADA) Price Analysis Yesterday, ADA fell by 10% but the price has moved up today and it is now trading near a significant support line. The altcoin was able to hold the gains above a resistance it formed at $9.5. The bears were expected to push the prices south. This happened yesterday and ADA almost reached a new all time low of $0.6. The bearish move yesterday will most likely push the price into a tight range so it’s a good idea to avoid any long-term moves for..
Bitcoin manages to scrape smaller losses on Wednesday, while altcoins continue to erase previous gains. Bitcoin (BTC) stemmed losses compared to many major altcoins Wednesday, October 3, as news hit of crypto exchange Coinbase’s reported $8 billion valuation. Market visualization by Coin360 Data from Cointelegraph’s price tracker and Coin360 shows Bitcoin proving a safe haven against all but one of the top ten crypto assets, losing around 1.6 percent in the 24 hours to press time. BTC/USD had grown over the past week to hit $6,783, before a correction saw prices return to match their position on September 27, trading now at around $6,478 by press time. Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index Despite investors seeing potential in companies such as Coinbase going forward, the outlook for Bitcoin’s protracted bear market meanwhile remains mixed. Analysis published October 1 gathered technical data to suggest that the largest cryptocurrency is “still overbou..
Crypto markets are today shaky and largely red, with Ripple (XRP) seeing the heftiest losses among the large-market-cap coins. Monday, October 1: crypto markets today are shaky and largely red, with Ripple (XRP) losing the most among the large-market-cap coins and most altcoins hit with modest losses on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is down just over half a percent on the day, trading around $6,550 as of press time. Following an intra-week high of $6,783, the top coin has seen depressed price performance, dipping as low as $6,500 before recovering back to trade range bound around $6,600. On its weekly chart, Bitcoin is around 0.28 percent in the red. Monthly losses are however pushing a stark 9 percent. Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is down somewhat more, losing about 1 percent on the day to trade at $229 at press time. After sustaining losses September 25-29 to briefly trade a..
Just like many other altcoins, EOS has been on a downtrend since yesterday as reported by smartereum.com. Even if the EOS community is under a lot of pressure from critics, it’s important to note that this bleed out isn’t limited to EOS and it may not have anything to do with the EOS platform. Everyone knows that altcoins are children of Bitcoin. So, when Bitcoin bleeds, others follow. At times like this, even good news about development may not influence the price of a coin positively. Cardano (ADA) Price Today – ADA / USD Name Price24H (%)$0.081437 6.17% The good thing is that even if EOS is currently bearish, the long-term outlook is bullish. This means that the downtrend is just temporary. The sellers have refused to back off and they keep driving the price below key support levels. If the sellers lose momentum, the buyers will have the opportunity to penetrate the market. EOS Vs The USD Yesterday, EOS took a dip against the USD and against Bitcoin. The prices went low into the..
The CCO of BitPay says altcoins will “never come back,” calling Bitcoin “the leader in the space” to rebound in 2019. The CCO of global crypto payment processor BitPay said that altcoins “will never come back,” while Bitcoin (BTC) will “rebound” in 2019, in an interview with Bloomberg September 12. The Chief Commercial Officer of BitPay Sonny Singh said that cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain “defining moment,” or a “catalyst.” According to Singh, that “defining moment” will come when big institutional investors, such as Goldman Sachs and BlackRock, “become real” in 2019. “But next year you'll see the talk of the big entrants become real, where you’ll see Goldman does launch a trading desk, Fidelity does launch a Bitcoin product, Square offers Bitcoin processing for merchants, BlackRock launches an ETF... So all that will become real, and you’ll see some adoption actually. And then [...] the price [will bounce] bac..
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