By Worldspectrum from Pexels
Latest cryptocurrency news and prices, 7 August 2019
After a breakthrough to above the $12,000 support level, Bitcoin’s (BTC) price dropped by $1,000. Here are your latest cryptocurrency news and prices.
By Worldspectrum from Pexels
After a stellar breakthrough above the $12,000 support level, Bitcoin (BTC) experienced a major sell-off resulting in a price plummet by more than $1,000 yesterday. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
At around 10:15 UTC until around 22:15, Bitcoin’s (BTC) price suffered a notable pullback, followed by a small bounce close to $11,200 which provided temporary support. Despite this pullback, BTC’s local daily high was close to $12,325 which is its highest since July 10.
BTC opened on August 6 at $11,800, broke through the $12,000 barrier at 06:45 UTC to solidify a 24-hour high just shy of $12,300 at around 10:15 UTC. Following that, a 30-minute sell-off was catalysed, resulting in the price plummeting to $11,671.
(Trading at $11,643.35 at 14:00 7 August 2019)
Latest Ethereum (ETH) news and prices
Ethereum, the second-largest cryptocurrency with the current market capitalization of $24.3 billion, has settled at $226.50 after an unsuccessful attempt to break $240.00 barrier. The coin touched $239.56 high on Tuesday, but failed to hold the ground and retreated to $222.00 low. The coin has lost over 1.5% in recent 24 hours and stayed range-bound since the beginning of the day.
(Trading at $226.83 at 14:00 7 August 2019)
Latest Ripple (XRP) news and prices
At the time of writing, XRP/USD is changing hands at $0.3140 amid slow bullish trend.
(Trading at $0.310605 at 14:00 7 August 2019)
Bitcoin Cash (BCH) news and prices
Bitcoin Cash made a swing on levels at $355 on August 5 and August 6. However, diminishing buying power saw up leg cut short. Recovery from mid-July lows has been impeccably bullish forming a higher low pattern within a rising wedge pattern.
BCH/USD first corrected above both the 50 Simple Moving Average 1-hour chart and the 100 SMA 1-hour on July 30. The move reignited the bullish momentum allowing the bulls to cement their position above $300. The lock-step trading in the first week of August is seen to have an affinity to for upper levels.
(Trading at $335.53 at 14:00 7 August 2019)
Litecoin (LTC) news and prices
Litecoin’s previous day growth pattern is one of a kind. It came as a surprise when the coin added 5.36% as its first swing of the day and by 07:05 UTC; it was being traded near 99.02 USD. It was followed by a steep fall of 5.44%, and it deducted 5.38 USD from its previous value of 99.02 USD. Between 16:33 UTC and 21:32 UTC, the coin again took a dip and reached a slow as 91.05 USD. This makes the lowest point of the coin for the day. However, as per the latest trends, the coin has been up by 2.27% since then.
(Trading at $92.26 at 14:00 7 August 2019)
Binance Coin (BNB) news and prices
Binance, the world’s biggest and fastest-growing cryptocurrency exchange, is embarking on a new European-focused strategy which will involve opening an office in London, according to CEO Changpeng Zhao.
The Malta-based company has been focused on Asia, but now plans are afoot to provide a deeper service within Europe, said Zhao, known throughout the crypto world as CZ.
(Trading at $27.59 at 14:00 7 August 2019)
Tether (USDT) news and prices
Earlier this week twitter personality Andrew Rennhack suggested that Bitcoin’s explosive rally from $4,000 to $13,800 was primarily fuelled by Tether printing a vast amount of USDT. According to Rennhack, Bitcoin is not “sound money” as “the entire cryptocurrency market is backed by unaudited Tether which has the top 24-hr trading volume.”
(Trading at $0.998809 at 14:00 7 August 2019)
EOS news and prices
EOS is ranked at #8 on coinmarketcap underneath Tether. The trading volume recorded is $1.512 billion, while the supply has 926,437,562 EOS tokens in play as of this moment. The total market cap of EOS is $3.863 billion. The price of EOS rests at $4.17, and it had plunged by 6.58% in a span of 24-hours.
Read more at cointelegraph.com
(Trading at $4.23 at 14:00 7 August 2019)
Bitcoin SV (BSV) news and prices
Last week, Bitcoin SV (BSV) supporter Aaron Zhou conducted a stress test to understand whether the Bitcoin SV platform can truly support a large number of transactions, and the blockchain met up to standards.
Read more at ourbitcoinnews.com
(Trading at $147.69 at 14:00 7 August 2019)
Monero (XMR) news and prices
From the 1-day Monero chart, it is highly evident that it is more inclined to fall under bearish zone than to rise. Its momentum is highly unstable and is falling rapidly in the downtrend. Yesterday only, XMR price was trading at 96.661 USD, but today it fell to 88.125 USD. Even, from the chart, it is seen that although yesterday, Monero tried to get traded in the bullish ranges if failed to avoid the intermediate deterioration. The shift in the Monero price, considering only one day has been great enough. Within one day, the XMR price has deterred by 5.23%. This poor condition is also not expected to improve in the upcoming months.
(Trading at $91.97 at 14:00 7 August 2019)
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.
