How To Use Kraken - Bitcoin Trading Exchange
Crypto Watch: Bitcoin Cash and EOS See Biggest Price Boost in Top Ten
Crypto Watch: Bitcoin Cash and EOS See Biggest Price Boost in Top Ten
The Money Makers Club now has 6 of 15 available seats. Learn more here!
Only now are the altcoins starting to follow Bitcoin’s lead of recent days and record some little green numbers of their own; with Bitcoin Cash and EOS showing the highest margins of growth in the top ten.
Bch Usd Cryptowatch , positioned as neighbours at 4th and 5th spot in the market cap rankings, have recorded gains of just north of 7% over the past 24 hours. Both have outperformed Ethereum, and both will be the best of the top-ten’s performers for the day as long as
don’t push TRX past Tether and back into its former 10th place spot.
Bitcoin Cash spiked 11.8% earlier in the day, jumping from $778.65 to $871.47 within nine hours. That was also nine hours ago from the time of writing, and during that time the price has dipped again, settling around the low $850 range, leaving BCH with 9% net growth.
The daily volume for BCH increased by almost $300 million in the last day, at a time when the total crypto market volume returns to $20 billion after a long lull which saw the daily total fall to just $9 billion.
Unsurprisingly, the majority of the coin’s trades have come against Tether (USDT). Close to 30% of the daily trades are BCH/USDT, suggesting that many traders may have recently bought back into BCH when they saw the rise coming. BCH/BTC trades are only the fifth most popular, coming after three separate USDT pairs and a BCH/USD pair on Bitfinex.
As you can see from the EOS charts, progress has come in steps over the last 24 hours. From its lowest point today to its highest, EOS jumped 10.5% in value.
In the early hours of this morning EOS was sitting at $7.79 and tapering downwards. Then came the first upstep – carrying the price to $8.16. After a few hours came the second upstep, taking the coin price to $8.62. The same time period saw a 200% increase to the daily volume, rising from $300 million to $900 million.
In the last few hours the growth slowed as the coin price fell back down to the low $8.50’s – and has now dipped back into the $8.40’s.
Most of the week has been a downer for EOS, with the coin only starting to record clear growth in the last couple of days. A weekly high of $9.19 is still another good push away, but given the rate of today’s growth it might arrive sooner rather than later.
Similar to BCH, the vast majority of trades have come in the form of EOS/USDT pairs, with
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions
. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
Greg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.
Tron Price Spikes 18% in Nine Hours as Justin Sun Hypes BitTorrent
EOS Price Back on the Defensive as New Alliance Emerges
Bitcoin Cash Hits November Lows; Creator Gets Banned From Slack
EOS Price Down 13% for Week as Block.One Votes for Block Producers
Crypto Market Rally Continues as Bitcoin Price Breaks $7,000
The Money Makers Club now has 6 of 15 available seats. Learn more here!
Digital currencies booked solid gains Tuesday, as altcoins and tokens followed bitcoin to fresh three-week highs. At the time of writing, all major assets were in the green, a sign that bearish pressure was slowly fading.
The cryptocurrency market added $12 billion in value on Tuesday, topping $230 billion for the first time since Aug. 9. With the gain, digital assets have recovered $41 billion from their most recent bear market low.
Bitcoin’s price jumped 4.7% to $7,062, its highest in about three weeks. The leading digital currency traded as high as $7,126.10 on Bitfinex.
BTC is now trading above its short-term and long-term moving averages, offering further evidence of a bullish breakout.
Altcoins and tokens were responsible for about half of the growth in the overall market cap. Cryptocurrencies other than bitcoin had a combined value of $107.5 billion, according to CoinMarketCap.
Among the top-20 coins, Dash was the strongest performer percentage-wise. The cryptocurrency gained 24.4% to $183.06.
IOTA was another solid performer, rising 16.6% to $0.688. Tron’s TRX currency gained 13% to $0.027.
Meanwhile, Ethereum rose 4.4% to $289.04. Bitcoin cash added 4.7% to $553.95. XRP, the so-called banker’s cryptocurrency, gained 6.2% to trade at $0.347.
Altcoins and tokens continue to hold a minority share of the overall market. At press time, bitcoin represented 53% of the total market cap.
Overall trade volumes rose more than 21% on Tuesday but remain weak at just $12.9 billion. Historically, a strong, sustained uptrend in digital currencies is accompanied by trading volumes of more than $20 billion.
Despite the recent acceleration in prices, digital assets remain firmly rooted in bear market territory. This is unlikely to change anytime soon, though the rate of decline appears to have slowed considerably. Much of that can be attributed to bitcoin’s newfound stability. The leading digital currency has seen its volatility decline sharply in recent weeks as speculators lowered their bearish bets.
Whether or not the market overcomes its bearish headwinds will depend on the extent of bitcoin’s rally. By crossing $7,000, the digital currency is eyeing a series of minor hurdles en route to $8,000, which offers a more formidable resistance. BTC likely needs to cross this level and do so convincingly to ignite a bullish rally across the board.
There doesn’t appear to be a fundamental trading catalyst at the moment, although that can soon change ahead of the SEC’s scheduled verdict on a keenly awaited bitcoin exchange-traded fund. The SEC announced earlier this month it will decide on the fate of the
by Sept. 30, though some analysts believe the decision will be delayed until next year. That could ultimately work in bitcoin’s favor as regulators give more credence to crypto securitization.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions
. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
Sam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.
Ethereum’s Internal Strife Brushed Aside as ETH Growth Competes With Bitcoin
The Money Makers Club now has 6 of 15 available seats. Learn more here!
Ethereum has been a step or two behind Bitcoin for a while now. Since the crash of early August any recovery made by Ethereum has been bettered by Bitcoin. But as of Tuesday, Aug 28th, Ethereum;s growth is almost pushing ahead that of Bitcoin’s, as the market benefits from a 34% boost to global volumes over the last forty-eight hours.
The difference isn’t huge at the time of writing, but as of 11:00 UTC Ethereum has recorded just over 4% growth for the day compared to Bitcoin’s 3.85%, with those numbers fluctuating by the hour.
This is a morning in which the crypto community woke up to find
exceeding the $6,900 range – a sight not seen since before the dip of early August. While BTC will in all likelihood grab the lion’s share of the headlines, Ethereum is finally making some headway as it seeks to escape the high $200 range that it has been mired in of late.
After reaching a twenty-four low of $276.21 late on Monday, Bch Usd Cryptowatch , Ethereum initiated a swift reversal which saw an overnight spike to the tune of 4%.
That surge took ETH to a high of $287.46. The surge coincides with a 34% influx into global markets over the last two days, and while Ethereum seems to have benefitted from the increased activity, relatively little of of the trade volume found its way to ETH.
The rise in trade volume from $1.2 billion to $1.4 billion does amount to an over 16% increase, but compared to other altcoins that percentage increase doesn’t amount to all that much.
The most popular exchange for ETH trades today is Binance, where ETH/USDT makes up just under 3% of the daily total, or $77 million worth. Yet huge amounts of the daily volume have been excluded from CoinMarketCap’s readings, with over $1 billion’s worth excluded from BitForex, DOBI Trade, and CoinBene alone.
As per last week’s Ethereum Core Devs Meeting #45, live
on Youtube, the development team behind Ethereum are still undecided on the direction the blockchain should take in the lead up to the second hardfork of the Metropolis era, known as Constantinople.
Current concerns revolve predominantly around the prevalence of ASIC mining, how best to distribute block rewards, and the difficulty setting on the ‘difficulty bomb’.
Many of the the current Ethereum Improvement Proposals (EIP’s) put forward by the dev team are contradictory, and none of them are forwards or backwards compatible with the current blockchain.
With an October launch date for the Constantinople hardfork just over a month away, Ethereum’s internal transformations could ultimately be reflected in its coin price, for good or bad. In recent years each new Ethereum hardfork has been greeted by an accompanying ETH price surge, so expect to see fireworks of some kind come October.
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions
. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
Greg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.
IOTA’s Relief Rally Continues After Partnership with Fujitsu Announced
The Money Makers Club now has 6 of 15 available seats. Learn more here!
IOTA’s price surged by as much as 22% on Tuesday, catalyzed by a recent partnership deal with Japanese tech giant Fujitsu. The digital currency has added a third of its value since Sunday Bch Usd Cryptowatch , which was around the time that the new partnership hit the airwaves.
The value of MIOTA, IOTA’s native currency, peaked at $0.719 on Tuesday, its highest since Aug. 6. At the time of writing, MIOTA was trading at $0.708, clocking gains of 15.5%. Trading volumes have steadily increased over the past seven days and now sit at $91.5 million. This time last week, exchange turnover in MIOTA was roughly $38 million.
With the recent gain, MIOTA has trimmed its monthly loss to 25%. At its lowest point, the digital currency was down more than half.
In terms of markets, the largest share of MIOTA trades were placed against U.S. dollars on Bitfinex. MIOTA-USDT transactions on Binance accounted for nearly 21% of the daily turnover. IOTA-BTC trades on Binance accounted for another 17.3% of the total trade volume.
IOTA’s native token is among the best performing cryptocurrencyies in the top-20. It has also registered the highest weekly gains at 36.8%.
At current levels, MIOTA is capitalized near $2 billion, placing it tenth among active cryptocurrencies. Monero, the 12th largest crypto by market cap, trails IOTA by roughly $200 million.
IOTA was disproportionately affected by the latest bear-market cycle after a failed partnership with Sirin Labs weighed on investor confidence. Sirin Labs had originally stated it would use IOTA’s Tangle blockchain in developing its Finney smartphone but has since “decided to go in a different direction.”
IOTA has been the recipient of much better press recently after
, a Japan-based IT multinational, announced plans to fully integrate the blockchain in its Industry 4.0 business model.
“Fujitsu is well-equipped to help roll out IOTA as the new protocol standard as we are experts in both IT services and the manufacturing of IT products,” Leopold Sternberg, a program manager with Fujitsu, said in a statement.
Prior to the Fujitsu announcement, IOTA’s native cryptocurrency was trending sideways and exhibited a strongly bearish long-term outlook. It remains to be seen whether the partnership will catalyze additional gains for a currency that has been oversold for much of the past month.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions
. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom
Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
Sam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.
NEO and Gas Both Surge Into Double-Digits as Globa...
Bitcoin Price Approaches $6,750 as Bearish Sentime...
Crypto Market Rally Continues as Bitcoin Price Breaks $7,000
Ethereum’s Internal Strife Brushed Aside as ETH Growth Competes With Bitcoin
Turkish Market about to Crash. Any Point in Taking Risk?
IOTA’s Relief Rally Continues After Partnership with Fujitsu Announced
Two Blockchain Pioneers on Navigating Bitcoin’s Recovery
NEO and Gas Both Surge Into Double-Digits as Global Volumes Spike 21%
Market Update: U.S. Stocks Rocket to New Highs on Mexico Trade Deal; Bitcoin Finds Stability
Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.
The Worst Could Be Over for Bitcoin Price amid Exhausted Bears
Why Investors Should Pay Attention to Basic Attention Token (BAT)
Investors Cheer 0x (ZRX) Even as Coinbase Decision Awaits
EOS Again Ranked #1 Cryptocurrency by Chinese Government
Bitcoin’s Emerging Market Connection and a $60,000 Price Target
TRON Price Sinks 17.5% In Three Days: Is Justin Sun a Marketing Genius?
Crypto Update: Ethereum Classic on Track for a Bullish Reversal
0 Reviews:
Post Your Review