Latest cryptocurrency news and prices, 17 July 2019

Fibo Quantum

The price of Bitcoin (BTC) has seen a 26% plunge during the last week, with all altcoin markets seeing red this morning. Here are your latest cryptocurrency news and prices. 

Latest Bitcoin (BTC) news and prices

The price of bitcoin has a major decline of 26.6% in the past week. From a fantastic high of $13,200 on July 10th to today’s low of $9,684. Many crypto analysts believe that this drastic one-week pullback was caused by technical factors which were further pushed by sellers. Traders selling off BTC essentially took control of the market when the dominant crypto dipped below key support areas at $11,000 and $10,700. Read more here. 

(Trading at $9,580.30 at 14:00 17 July 2019) 

Latest Ethereum (ETH) news and prices

Ethereum, the second-largest cryptocurrency with the current market capitalization of $21 billion, crashed below $200.00 handle and touched $190.00 on Tuesday amid major sell-off on the cryptocurrency market. ETH/USD has lost over 13% of its value in recent 24 hours and stayed unchanged since the beginning of Wednesday. By the time of writing, the coin managed to regain ground and settled $201.00. Read more at fxstreet.com 

(Trading at $199.49 at 14:00 17 July 2019) 

Latest Ripple (XRP) news and prices

Ripple price is holding an important support against the US Dollar, while bitcoin and Ethereum dived nearly 15%. XRP price could extend its decline if there is a break below the $0.2800 support. Read more at newsbtc.com

(Trading at $0.297249 at 14:00 17 July 2019) 

Litecoin (LTC) news and prices

Just as the Litecoin halving is less than a month away, the number four cryptocurrency is starting to show signs of weakness. After posting a 2019 high of $146 on June 22nd, Litecoin has plunged to a low of $84.88 on July 15th. That’s a drop of over 41 percent in less than a month.

If you think the worst is over, think again. A popular Elliottician on Twitter named Benjamin Blunts shared his forecast on Litecoin’s future price action. His prediction comes in the form of a sandwich where two pieces of good news enfold the bad news.

According to the trader, the cryptocurrency’s long-term bottom is in. However, it is very likely to dump again soon before it resumes its uptrend. Read more at ccn.com

Litecoin collapsed to $76.46 on Tuesday amid global sell-off on the cryptocurrency market. The coin lost one position in the global cryptocurrency rating, now it is the fifth-largest coin with the current market capitalization of $4.9 billion and an average daily trading volume over $3 billion.

LTC/USD has lost over 13% of its value in recent 24 hours and about 1.3% since the beginning of Wednesday to trade at $78.50 by press time. Read more at fxstreet.com 

(Trading at $78.64 at 14:00 17 July 2019) 

Bitcoin Cash (BCH) news and prices

Bitcoin Cash is revamping the uptrend after falling victim to selling pressure for the second time in the same week. The initial drop towards the end of the last week culminated in a dive under $300 on Monday this week. Moreover, the losses extended below the key support at $260 forming a July low at $255.

The staged recovery stepped above the resistance at $300 and $320 respectively hitting a weekly high at $328 before retracement began. The bearish pressure across the entire market on Tuesday saw BCH/USD tumble massively right back to the recent support at $260. Read more at fxstreet.com

(Trading at $284.49 at 14:00 17 July 2019) 

EOS news and prices

EOS is one of the few major coins which have managed to stay themselves from the impact of Bitcoin’s unprecedented moves. However, after yesterday’s blood bath in the market by Bitcoin, EOS has lost 15.30% over the last 24 hours. In the last 1 day, the coin has shown four major price swings and in total lost huge value. However, the long-term outlook of EOS seems bullish, and it may reach as high as 10 USD by the end of this year. Read more at cryptonewsz.com

(Trading at $3.64 at 14:00 17 July 2019)

Binance Coin (BNB) news and prices

Today, news outlets burst up with a striking update – Binance Coin (BNB) lost its market capitalization of $1.5 billion in just one day. This information was revealed by a well-known crypto data provider CoinMarketCap. As a result, Binance Coin slid down two positions in the ranking. Currently, having lost more than 8% of its value over the last 24 hours, it is trading at a price of $26.13 with a market cap $2 853 125 349. Read more at coinspeaker.com

(Trading at $25.40 at 14:00 17 July 2019) 

Tether (USDT) news and prices

The popular and sometimes controversial stablecoin Tether (USDT) is to launch on a fifth blockchain.

Announced by the (mostly) U.S. dollar-backed token’s issuer on its website, the news means traders will have a USD stablecoin option on omni, ethereum, tron, EOS and, soon, algorand.

“Extending Tether into the Algorand ecosystem is a fantastic opportunity for us to further contribute to blockchain interoperability and collaboration. … We are very excited about the potential this enables for other projects in the decentralised ecosystem and we eagerly await working closely with many of them in the future,” said Tether CTO Paolo Ardoino. Read more at coindesk.com 

(Trading at $0.996147 at 14:00 17 July 2019) 

Bitcoin SV (BSV) news and prices

The Massachusetts-based data analytics firm said in a report published today that “Weather SV” wrote a majority of transactions on the Bitcoin SV blockchain. It arrived at the conclusion after studying OP_RETURNS, a script that allows users to write arbitrary data onto a public ledger. CoinMeterics noted that Weather SV was using the maximum OP_RETURNs to record information on the BSV ledger. Read more at bitcoinist.com 

(Trading at $113.68 at 14:00 17 July 2019) 

TRON (TRX) news and prices

Currently, most of the altcoins face price drop in the market. The entire market is terribly suffering. Tron (TRX) is also one of the coins which are falling with every passing second. Though the coin has a high prospect of improvement, the current momentum is not at all stable. We would recommend the investors to hold tight for now. Tron will soon turn positive to give huge dividend. Read more at cryptonewsz.com

(Trading at $0.020982 at 14:00 17 July 2019) 

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