Ripple CEO: US Regulators Need To “Step Up And Lean Into Digital Currencies” Bitfury’s Bitcoin Mining Programme Allows New Institutional Investment Swiss Government Supports Blockchain Startups Offering Over $10 Million USD The Top 5 Cryptocurrencies to Mine [2020] Coldplay Bassist Launches Into Cryptocurrency, Backing New App The Coinbase Pump: OmiseGo (OMG) Sees A Massive Surge JPMorgan: Digital Currency Threat To Dollar Domination Coinbase Adopts A Remote-First Approach After Lockdown Lifts Bank Of France Successfully Launches Blockchain-Based Project Supernodes Across Europe Attacked By Cryptojackers To Illicitly Mine Monero Andreessen Horowitz On Crypto Entrepreneurs: “Excited To See What They Build”

5h
coininsider

Bitcoin Presents Good Opportunities To Short

6h
cryptodaily

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

6h
bitcoinist

Never Let Another Arbitrage Opportunity Pass Again with 24/7 Bitbengrab Trading » The Merkle News

6h
cryptonewmedia

Crypto-Powered Brave Browser Launches Privacy-Centered Zoom Competitor

6h
cryptoglobe

Goldman Sachs Still Has No Love for Bitcoin, but Market Does Not Seem to Care

6h
cryptoglobe

BitGreen Initiative is Folding@Home to Fight COVID-19.

6h
cryptodaily

CryptoKitties Creator Debuts NBA Game on Its Own Blockchain

6h
cryptonewmedia

Is Bitcoin Leveraged Trading Only For Veterans and Where Should Beginners Turn to?

6h
nulltx

A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

6h
bitcoinist

Justin Sun: “Craig Wright is a fraud.”

7h
cryptodaily

Breaking: Goldman Sachs Includes Bitcoin Alongside Gold In Client Call

7h
coingape

Governor of France’s Central Bank ‘Pleased’ with Negative Interest Rates

7h
beincrypto

How a Trader Lost $1,200 in 100 Seconds » The Merkle News

7h
cryptonewmedia

The unpredictable nature of BTC following its halving. Could it hit $1m in the next 10 years?

7h
cryptodaily

Crypto.Com Exchange Extends Its Card To Over 30 Countries In Europe

7h
coingape

Three New Crypto Exchanges That Rival the Big Guns

7h
cryptonewmedia

RBI brings clarity to bitcoin situation in India

8h
cryptodaily

No, Goldman Sachs Doesn’t Think Bitcoin is the Next Big Thing

8h
newsbtc

Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists

8h
newsbtc

AMZN Stock Down 0.16% Now, Amazon in Talks to Buy Zoox

8h
cryptonewmedia

Bitcoin Whales Prop Up Crypto Markets As Bulls Regain $9,000

8h
zycrypto

Goldman Sachs Says Bitcoin ‘Not Suitable Investment’ in Hyped Client Call

8h
beincrypto

Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open

8h
newsbtc

Coinbase Outbids Binance to Acquire Crypto Prime Broker Tagomi in All-Stock Deal

8h
cryptoglobe


Crypto Market Rally As Altcoins Join Party: Bitcoin Cash, XLM, EOS, TRX Analysis

The crypto market cap surged above $250.0B, with gains in major altcoins and bitcoin (BTC). Many coins like Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) rallied significantly.

Bitcoin cash price corrected lower yesterday and tested the $380 and $385 support levels against the US Dollar. A support base was formed and the BCH/USD pair started a fresh increase above the $395 and $400 resistance levels. The upward move was strong as the price even broke the $425 resistance.

The price traded close to the $435 level and it is currently consolidating gains near $430. An initial support is at $425, below which the price may perhaps correct towards the $410 support area.

EOS price is up more than 10% today and it recently broke a few important resistances near the $6.50 and $6.60 levels. The price gained pace above $6.70 and it seems like it could continue to rise towards the main $7.00 resistance area.

Stellar price performed realty well and it gained more than 25% recently. XLM price broke the main $0.1200 and $0.1300 resistance levels to start a significant uptrend. The upward move was such that the price even broke the $0.1500 barrier. The next key resistances are near $0.1550 and $0.1600.

Tron price also started a decent upward move after it broke the key $0.0250 resistance. TRX price is up more than 12% and it climbed above the $0.0300 resistance. The next key resistance for the bulls is near the $0.0340 level.

Looking at the total cryptocurrency market cap hourly chart, there were steady gains above the $220.0B and $225.0B resistance levels. The upward move was such that the price market cap even broke the $250.0B level (as discussed in yesterday’s analysis). The current structure is positive and suggests more upsides above the $250.0B and $255.0B levels in the coming sessions. On the downside, the main support for the bulls is near the $245.0B and $242.0B levels. Overall, the crypto market is clearly in a strong uptrend and there could be more gains in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments