Bitcoin’s Bull Run in 2015-2017 is Very Similar to What We’re Seeing Now, Analyst Opines

14m
zycrypto

Week of Crypto-Regulations: Governments in the US, China and India Take Heed

30m
coingape

Financial Analyst: Bitcoin Futures Are A Great Buy At $8,500

42m
bitcoinist

Despite Being “For Everyone,” Those Banned from Facebook Likely Can’t Use Libra

1h
beincrypto

Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

1h
cryptonewmedia

Can Facebook’s Libra Be Used For Illicit Transactions?

1h
bitcoinwarrior

NYDAX: Seeking to Disrupt Wall Street and Pave the Way to Digitized Securities

1h
bitcoinwarrior

CGC Kyiv 2019, the largest blockchain gaming conference announced on Oct 10-11 – 1500 delegates from 50 countries, 100 speakers, VR, AR, hackathon

2h
block

Blockchain Life 2019

2h
block

The Future of Automation in UX and Design System Ecosystems with Jiří Třečák (Supernova) at TCE2019 Prague

2h
block

Bitso Get License to Operate XRP-based xRapid Transactions in Mexico

2h
thebitcoinnews

This Week in Cryptocurrency: July 19th, 2019

2h
thebitcoinnews

Zcash Forks Into New Blockchain Network Ycash

2h
thebitcoinnews

550 Bitcoins Locked in Ethereum-based Tokens Called WBTC

2h
thebitcoinnews

Libra Does Not Qualify as a Crypto, the World Doesn’t Need it: BlackRock CEO

2h
thebitcoinnews

Hayek’s 1984: Rediscovered Footage Shows Austrian Economist Predicting Bitcoin

2h
thebitcoinnews

7 Unorthodox Ways to Mine Bitcoin

2h
thebitcoinnews

Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

2h
thebitcoinnews

Bitcoin and Cryptocurrency Not Banned in India, Government Official Confirms

2h
coingape

Ex-Microsoft Engineer Charged with Mail Fraud After Stealing Millions in Digital Currency

4h
beincrypto

Interview: Ethereum development suite Truffle CEO on the future of dApps, regulation, and Libra

4h
cryptoslate

Sally Ho’s Technical Analysis 20 July 2019

5h
cryptonewmedia

Sally Ho's Technical Analysis 20 July 2019

5h
cryptodaily

KPGM to Work With Microsoft, Tomia and R3 on Blockchain Telecom Solutions

5h
cointelegraph

Bitcoin Legally Recognized in China, Is this Why BTC is Rising? |

6h
cryptonewmedia


Ethereum (ETH) And Ripple’s XRP Lead The Altcoin Charge As Bitcoin...

zycrypto

2mon ago

After a strong couple of days for Bitcoin, the leading cryptocurrency seems to have slowed down. Bitcoin, which had earlier in the week soared to as high as $8,300, seems to have found support just above the $8,000, mark and settled just above the $8,100 position. In the last couple of hours, there has been a change in trend.

The change is significant and could signal the return of the altseason. Though Bitcoin has slowed down and is recording marginal changes at the time of press, altcoins are recording huge gains. Leading them is ETH and XRP which are recording gains in double figures.

At the time of press, ETH is up by around 17% while XRP is up by around 8%. Although they are the two biggest altcoins by market cap, and the best performing among the top coins, their performance has been reciprocated across the market.

Litecoin, Stellar, Binance coin, Cardano, Tron and a couple of more are also recording double-digit gains. At the time of press, Stellar is the highest gainer in the top 20 cryptocurrencies, surging by around 24%. The respective moves have seen the total market cap climb above $250 billion with all eyes now on hitting $300 billion.

For XRP, the bullish move is an extension on what was a spectacular move on Tuesday. The third largest altcoin by market cap on Tuesday surged by over 25%, seeing it climb from a little over $0.31 to hit $0.42. With the latest gains, the coin has managed to climb above $0.45 and is now looking set to test the $0.50 position soon.

Ethereum, on the other hand, has through the recent move strengthened its position above $250. The coin hopes to cross above $300 and possibly find support above it.

With the latest move by altcoins, we will begin to see Bitcoin’s dominance drop with investors beginning to take positions with altcoins. This could see Bitcoin’s recent bullish run come to a halt but with the leader already holding a high and strong support position, this is not expected to be an issue for prices.

For altcoins, this move is essential and should see most break key resistance positions and help them keep up with Bitcoin which has in recent weeks been making leaps and bounds.

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

0 comments