Bitcoin’s price has dipped back below a key support at $8,200 while the altcoin markets endure another day of sideways trading. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
In the past two sessions, there were bearish moves in bitcoin below $8,300 against the US Dollar. The BTC/USD pair followed a bearish path and broke the $8,200 support area. Moreover, there was a close below the $8,200 level and the 100 hourly simple moving average. The last swing high was formed near $8,300 before the price broke $8,200 support.
(Trading at $8,185.27 at 14:00 04 October 2019)
Latest Ethereum (ETH) news and prices
Yesterday, there was an upward move above the $178 level in Ethereum against the US Dollar. ETH price even traded above the $180 resistance and the 100 hourly simple moving average. However, the bulls failed to push the price further higher and it remained well below the $185 resistance. A swing high was formed near the $182 level and the price recently declined below $180 and $178.
(Trading at $175.09 at 14:00 04 October 2019)
Latest Ripple (XRP) news and prices
Yesterday, ripple price made a couple of attempts to surpass the $0.2550 resistance against the US Dollar. However, the XRP/USD pair failed to gain strength above $0.2550 and recently declined. It broke the $0.2500 and $0.2480 support levels. Moreover, there was a close below the $0.2500 level and the 100 hourly simple moving average.
During the decline, there was a break below a connecting bullish trend line with support near $0.2475 on the hourly chart of the XRP/USD pair. The pair tested the $0.2420 support area and it is currently correcting higher. It broke the $0.2450 level, plus the 50% Fib retracement level of the recent decline from the $0.2544 high to $0.2415 low. However, the previous support near the $0.2500 level and the 100 hourly simple moving average are currently preventing an upside break.
(Trading at $0.252138 at 14:00 04 October 2019)
Bitcoin Cash (BCH) news and prices
BCH/USD bears crept ahead of the bulls as the price continued its horizontal movement. The price has continued to consolidate itself in a flag formation, waiting for a potential breakout. The hourly breakdown shows us that BCH/USD had dropped to $218.80 before correcting itself around $222.65 as Thursday came to a close. As soon as the Friday session began, the bears managed to drop BCH/USD from $222.65 to $220.35, before falling a little bit further to $219.15.
(Trading at $222.97 at 14:00 04 October 2019)
Litecoin (LTC) news and prices
Litecoin rose by 0.02% on Thursday. Following a 1.07% gain from Wednesday, Litecoin ended the day at $56.44.
Tracking the broader market, Litecoin slid from an early morning high $56.61 to an early afternoon intraday low $53.62.
Litecoin fell through the first major support level at $55.56 and second major support level at $54.68
Holding above the third major support level at $53.23, Litecoin recovered to a late intraday high $57.05.
The late break out saw Litecoin come up against the first major resistance level at $57.01 before easing back in the final hour.
At the time of writing, Litecoin was down by 0.51% to 56.15. A bearish start to the day saw Litecoin slide from an early morning high $56.68 to a mid-morning low $55.24.
(Trading at $56.89 at 14:00 04 October 2019)
Tether (USDT) news and prices
It is no secret that the largest stablecoin in the crypto market, Tether (USDT), is linked to the largest cryptocurrency, Bitcoin (BTC). However, recently, it has become clear that USDT contributes to Bitcoin’s performance in more ways than previously believed.
In fact, researchers believe that the stablecoin might be the biggest contributor to Bitcoin rallies, and especially the one that took BTC prices to its yearly high earlier this year. Bitcoin’s price was closely monitored on days when new Tether tokens were issued, and researchers suggest that BTC surges at least 70% of the time when new USDT gets released into circulation.
(Trading at $1.01 at 14:00 04 October 2019)
EOS news and prices
EOS price declined significantly after it traded below the $3.650 and $3.500 support levels against the US Dollar. The bears took control and pushed the price below the $3.000 support area. The price even broke the $2.500 support and traded to a new monthly low at $2.398.
(Trading at $2.97 at 14:00 04 October 2019)
Binance Coin (BNB) news and prices
The integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF), according to a press release published on Oct. 3.
The new measures set up by the FATF require that cryptocurrency operators establish the identity behind crypto funds senders and recipients, conduct proper due diligence to ensure they are not engaging in illicit activity, and develop risk-based programs, among others.
Binance will deploy Coinfirm’s products to assess and analyze AML risk in regards to more than 1,200 digital currencies, tokens and diverse blockchain offered on its trading platform.
(Trading at $15.56 at 14:00 04 October 2019)
Bitcoin SV (BSV) news and prices
CoinGeek Seoul has wrapped up, and it was as special event, with plenty of big announcements and new possibilities being rolled out for the Bitcoin SV (BSV) blockchain. CoinGeek’s Stephanie Tower caught up with Bitcoin Association Founding President Jimmy Nguyen at the close of the vent, and asked him his thoughts on how the event went.
“You know, it was really amazing,” he told Tower. “I describe Seoul as electric. The city itself, but I think this conference, there was a lot of electricity tingling around, just with the excitement about BSV.”
(Trading at $82.84 at 14:00 04 October 2019)
Stellar (XLM) news and prices
Stellar price chart is reflecting a fall. Yesterday, the coin started with a downtrend as the price counters switched from $0.060 to $0.058 by 1.94%. However, there was an immediate recovery in the price, which took it to $0.059 marginally by 1.75%. The coin fell once again to $0.0581 by 3.04%. Stellar improved moderately and closed at $0.0589 marking an intraday regression of 2.01%. Today, XLM dropped within the first few hours marginally by 1.38% from $0.0589 to $0.0581.
Stellar was predicted to have a marvelous future. The initial quarters of the ongoing year were pretty good. In the third quarter, XLM was seen holding itself well, but by the end, XLM was caught by the market pressure. Currently Stellar is trading around the price are of $0.058. We are anticipating that XLM will close the year with a decent recovery. Altogether, investing in Stellar wouldn’t go futile.
(Trading at $0.059100 at 14:00 04 October 2019)
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