Ethereum 

Altcoins See Red as Bitcoin Capitulation Drags Down Market

Almost all the leading altcoins are shrinking in value today after Bitcoin (BTC) crashed below the $7,000 mark earlier on Friday before recovering to around $7,300 at the time of writing. The sizeable decline in BTC sent crypto investors scrambling as altcoins followed suit, with Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) leading the way. Ethereum, the largest of the altcoins, dropped nearly 10% earlier today to below the main $165 USD support area. Bitcoin Cash nosedived below $210, while XRP is currently worth just $0.23. Interestingly, Tether actually…

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Blockchain 

Altcoins Attempt to Build Gains After a Big Jump in Bitcoin

It is a well-known fact that Bitcoin is the most important token in the entire crypto ecosystem; however, it should also be noted that altcoins have now become just as popular. Bitcoin Rally a Sentimental Boost Despite the fact that many of those coins now command multibillion-dollar valuations, the prices of most of these tokens are intimately tied to that of Bitcoin. Hence, there is now a lot of anticipation among crypto investors and market watchers that the recent rally in Bitcoin might spark a rally in altcoins as well.…

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Blockchain 

Bitcoin Extends Decline as Altcoins Stabilize Following This Week’s Slump

On Tuesday, crypto markets slumped, but since then, various altcoins have staged a recovery. However, Bitcoin extended its decline and has now dropped 6% in the past 24 hours. Altcoins Show Signs of Recovery This slowed down the massive losses witnessed the previous day when the world’s most traded digital asset plunged 17%. Other coins such as EOS and Ether racked some modest gains with EOS, which plunged 28% on Tuesday, advancing 3.8%. Investors have associated the Tuesday plunge with the lackluster launch of Bakkt futures contract and the broad…

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Blockchain 

Bitcoin Could Fall Below $10,000 Mark As Altcoins Gain

Bitcoin’s value risks falling below the $10,000 USD psychological mark this week after making some strong gains last week. Bitcoin Dropped to $10,060 Today The world’s top cryptocurrency dropped to $10,060 this morning, which is the lowest valuation since September 2. Momentum last week saw BTC recover from falling below the $10,000 mark at the end of August, as excited analysts abandoned their bearish sentiments. However, analysts now await an external event to assess Bitcoin’s current performance against, and this could come with the launch of Bakkt later this month. Eagerly…

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Blockchain 

Bitcoin Continues to Face Hurdles at Higher Level, Altcoins Follow

Bitcoin enjoyed one of the strongest runs since the latter part of 2017 during the first half of this year. During those first six months, the cryptocurrency gained in each of the six months of the year, but the momentum came to an end in July, and the indecisive performance has continued into August. The token has threatened to break out plenty of times during the course of this month, but the rally eventually fizzled out, and the same thing happened again. Price Movement and Analysis Over the course of…

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Blockchain 

Altcoins Almost Wiped Out as Cypto Market Cap Drops $30 Billion

Thursday was a bad day for altcoins as almost $30 billion USD was knocked from the total crypto market capitalization. Where Bitcoin Goes, Altcoins Follow Crypto market capitalization was estimated to be around the $280 billion USD during midday trading yesterday; however, as Bitcoin suddenly took a near 10% hit today to drop below $10,000 USD share price, altcoins were largely forced to bear the brunt of the drop in confidence. Ethereum, Ripple, and Litecoin, which make up the rest of the top five cryptocurrencies by market cap outside of…

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Blockchain 

Ethereum Underperforms Against Bitcoin | What Next for Altcoins?

As everyone knows, the price of Bitcoin has a profound effect on the entire crypto market, and as the price of the world’s biggest cryptocurrency rose steadily over the first half of 2019, the entire crypto market profited. However, since July, Bitcoin has definitely entered choppier waters, and now the momentum has gone out of its sails. That being said, it is Ethereum, long considered to be the only possible rival to Bitcoin, which has found itself in the middle of a free fall. Will Ethereum Recover? More importantly, Ethereum (ETH) has…

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Blockchain 

Tezos (XTZ) Outperforms Altcoins | Soars Over 40% This Week

The month has got off to a fairly promising start for a crypto sphere with Bitcoin managing to gallop past the $10,000 mark and many other tokens gaining significantly in the aftermath. While it is true that Bitcoin is almost always the leader of the market in terms of gains when the crypto space starts rising again after a slump, it has not been the same this time. This time, Tezos is leading. Big Rally Tezos (XTZ) has managed to gain more than Bitcoin this week, and according to many…

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Blockchain 

Altcoins Recovering | Ethereum (ETH) & Ripple (XRP) Lead Crypto Higher

Cryptocurrencies are trying to bounce back after a steep pullback from one-year highs. Bitcoin (BTC) is trying to bounce back after coming under immense pressure after rallying to highs of $13,000. Altcoins Ethereum (ETH) and Ripple (XRP) are also showing signs of bottoming out. Cryptocurrency Analysis Despite rallying by 2.6%, Bitcoin finds itself below the $10,000 psychological level. Below the mark, the flagship crypto remains susceptible to further drops given the short-term bearish momentum. While there were expectations that Bitcoin would skyrocket during the American Independence day, that never happened.…

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Blockchain 

Altcoins Join the Bitcoin Rally

Bitcoin (BTC) has been on an astonishing run this year that has almost mirrored the astonishing rally back in 2017 when the cryptocurrency touched almost $20,000 per token. However, earlier on in July, the cryptocurrency experienced declines and went below the $10,000 level. Altcoins Moving Up However, that seems to be a thing of the past now as the coin has regained its gains and is soaring again on the back of excellent momentum. In addition to that, due to the surge experienced by Bitcoin, other cryptocurrencies like Ethereum (ETH),…

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