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Author: NewsBTC

Cryptocurrency Trading Update: Bears Bash Markets by Another $12 Billion

FOMO Moments Markets are hurting, altcoins getting hit hardest are EOS, Tezos, VeChain and Ontology. Power Ledger is on top. Markets are in pain once again as the bears keep the pressure on for another day. Over $12 billion has left the crypto space and market capitalization has plummeted again back to just over $250

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Bitcoin Price Watch: BTC/USD Primed for Losses

Key Points Bitcoin price failed to hold an important support at $6,550 and declined sharply against the US Dollar. There was a break below a key bullish trend line with support at $6,580 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating near the $6,300 level and

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Cardano Price Analysis: ADA/USD Could Break $0.1250

Key Highlights ADA price declined further and broke the $0.1350 support area against the US Dollar (tethered). There is a major bearish trend line formed with resistance at $0.1380 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current decline below the $0.1250 support in

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Ripple Price Analysis: XRP/USD Extending Slide

Key Highlights Ripple price is under a lot of pressure and it recently broke the $0.4500 support against the US dollar. There is a short-term declining channel in place with resistance at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current decline towards

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Ethereum Price Analysis: ETH/USD Remains at Risk

Key Highlights ETH price declined heavily and traded close to the $425 support area against the US Dollar. There is a crucial bearish trend line in place with resistance at $448 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating losses and it is facing many resistances on the upside

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Ripple (XRP) Technical Analysis: The SEC “Friendly” Ripple and XRP Divorce

A campaign to raise awareness that XRP is not Ripple, three court cases and a race to meet SEC decentralization requirements for endorsement is obviously exposing XRP and cushioning Ripple the company. At the time of press, Ripple (XRP) is down six percent and trading below 45 cents, a main support line in our analysis.

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EOS, Litecoin, Tron, IOTA, Stellar Lumens Technical Analysis: Altcoins Bleeding Under Bear and Hackers Attack

Crypto exchanges-regardless of their database location-are having a rough time with hackers. After several South Korean and Japanese attacks, Bancor got exploited and $12.5 million worth of BNT was used to withdraw ETH. It’s definitely bad press and sellers are spearheading this on-slaughter. So far, it’s double digit losses for EOS, IOTA, Tron and Litecoin.

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Ethereum Classic Price Analysis: ETC/USD Bearish Below $18

Key Highlights Ethereum classic price failed to move above the $18.80 resistance and declined against the US dollar. There was a break below a key bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is now trading below the $18.00 pivot level

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Bitcoin Price Watch: BTC/USD Near Crucial Juncture

Key Points Bitcoin price declined further and broke the $6,680 and $6,600 support levels against the US Dollar. Yesterday’s highlighted connecting bearish trend line is intact with resistance at $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,550 support zone to avoid more declines

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Cryptocurrency Market Update: ‘Ethereum Killer’ EOS Getting Killed

FOMO Moments Another red day in crypto land, EOS getting battered and only Tezos is gaining Hopes of a rally have been dashed as the bears wrestle markets downwards for another day. Total market capitalization has declined once again and fallen back below $270 billion. Bitcoin could not break resistance at $6,800 and has fallen

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Tron (TRX) Price Watch: Short-Term Support Zones

Tron Price Key Highlights Tron is on another leg lower but might be due for a bounce off the nearby support zones. Price has tumbled through most of the Fib extension levels but is still due to test the channel support and full extension. Technical indicators are showing mixed signals, with oscillators hinting at a

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Bitcoin Cash Price Analysis: BCH/USD Extending Losses

Key Points Bitcoin cash price declined further and broke the $730 support area against the US Dollar. There was a break below a key bullish trend line with support at $740 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to move down towards the last swing low

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