By Worldspectrum from Pexels
Latest cryptocurrency news and prices, 25 September 2019
Bitcoin’s price has plunged by more than $1,500 while several altcoin markets see notable losses. Here are your latest cryptocurrency news and prices.
By Worldspectrum from Pexels
Bitcoin’s price has shed more than $1,500 in the past 24 hours as most of the altcoin markets are seeing notable price losses. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
Bitcoin (BTC) price came crashing down hard, dropping by almost $800 in a matter of minutes. At the time of writing, BTC is down by 12.91% and trading at $8,512.31 as per data from CoinMarketCap.
Yesterday saw traders enduring a painful day of trading as the BTC/USD pair hovered around the $8,100 support. BTC’s latest downward price action is the latest move in what has been a steady decline for the number one crypto which began at the beginning of the month.
(Trading at $8,399.53 at 14:00 25 September 2019)
Latest Ethereum (ETH) news and prices
Ethereum’s network capacity has been expanded by the mining community to allow more transactions to be processed on the network per second. This is in light of increased traffic on the network, largely due to controversial stablecoin Tether and a gambling game called Fair Win.
Ethereum co-founder Vitalik Buterin relayed last week that block producers were starting to raise gas limits, in light of the network’s congestion. On Ethereum, gas is a separate cryptocurrency used to pay transaction fees and the gas limit essentially controls how many transactions can be included in a block. It’s similar to Bitcoin’s block size limit
(Trading at $168.26 at 14:00 25 September 2019)
Latest Ripple (XRP) news and prices
Ripple’s XRP, the third largest digital asset with the current market value of $10.2 billion lost over 12% of its value amid global sell-off on the cryptocurrency market. The coin has broken below several technical levels to trade at $0.2360 at the time of writing. On the intraday level, XRP/USD gained 1%, having recovered from the recent low registered at $0.2168.
Meanwhile, Twitter-service Whale Alert someone moved 250,000,000 XRP tokens between anonymous wallets.
(Trading at $0.238028 at 14:00 25 September 2019)
Bitcoin Cash (BCH) news and prices
A glance at the cryptocurrency market clearly depicts an extremely bearish picture following a widespread crypto carnage. While Bitcoin dropped to refresh levels close to $8,100, the drop among the altcoins had far-reaching effects.
Still leading in double-digit declines are Bitcoin SV (BSV) at $24.38%, EOS at $23.10%, Bitcoin Cash at 23.46% and Binance Coin (BNB) at 18.91%. The two largest altcoins, Ethereum and Ripple are correcting lower 16.33% and 12.30% respectively.
(Trading at $219.63 at 14:00 25 September 2019)
Litecoin (LTC) news and prices
LTC/USD bulls have rallied together to mount a comeback after six straight bearish days. The price has gone up from $55.25 to $57 so far today. As with the rest of the crypto market, LTC/USD had a heavily bearish Tuesday where the price fell from $66.67 to $55.25. The hourly breakdown shows us that the price plummetted from $65 to $57.25 within an hour. The bulls then tried to make a comeback by taking LTC/USD back up to $59.40. However, the bears took back control and brought the price down to $55.25. The bulls started strong today and brought the price up to $57.67. However, the bears have since corrected the price down to $57. The bulls will want to garner enough momentum to get back into the $60-zone.
(Trading at $54.91 at 14:00 25 September 2019)
Tether (USDT) news and prices
Cryptocurrency exchange Bitfinex has won a motion in the appellate division of the New York Supreme Court, which means it won’t have to turn over documents pertaining to its use of the cryptocurrency Tether until a future date, if at all.
Tether, a so-called stablecoin is supposed to be backed on a one-to-one basis by the U.S. dollar, however New York attorney general Letitia James in April accused the company behind Tether of essentially minting the cryptocurrency for Bitfinex to the tune of as much as $900 million.
(Trading at $1.00 at 14:00 25 September 2019)
EOS news and prices
EOS lost over 23% of its value in recent 24 hours. Despite rather slow movement during early Asian hours, the coin managed to recover from the lows and gained about 3% since the beginning of the day.
EOS takes the seventh place in the global cryptocurrency market with tthe current market value of $2.60 billion. At the time of writing, EOS/USD is changing hands at $2.84, off the recent low $2.40
(Trading at $2.83 at 14:00 25 September 2019)
Binance Coin (BNB) news and prices
Notably, Binance Coin’s performance outmatched Bitcoin, Ethereum and Litecoin as it saw close to 600% as opposed to Bitcoin’s stellar 300% price spike from 3,100 to $13,800.
Binance Coin’s outstanding rally seemed to be catalysed by several Binance-supported initial exchange offerings, a rise in altcoin prices and ultimately an improvement in overall sentiment from investors who finally felt that the bear market which ran for 15 months had ended.
(Trading at $15.53 at 14:00 25 September 2019)
Bitcoin SV (BSV) news and prices
Bitcoin SV (BSV) has once again fallen below the $100 mark. After crashing down from $111, dropping as low as $73.91 within the space of five hours, Bitcoin SV has now recovered slightly, sitting at a current value of just $84.38. But things are still not looking good.
(Trading at $83.91 at 14:00 25 September 2019)
Stellar (XLM) news and prices
Free money from Stellar’s airdrops is either left unclaimed or it’s exchanged to other currencies, says crypto market analysis firm Coin Metrics, calling into question the efficiency of airdrops.
Companies use airdrops in order to gain popularity, recognition, free advertisement, to incentive investors and holders, as well as to improve an asset’s decentralization and/or to share a certain amount of its asset fairly to individuals for free use, but how effective are they if most of the coins is sold right away, asks Coin Metrics.
(Trading at $0.055181 at 14:00 25 September 2019)
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.
