Bitcoin’s price has slipped back below the $10,000 barrier, while most of the altcoin markets are in the red. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
Data gleaned from CoinMarketCap shows the BTC/USD has crossed the $10,000 mark several times during the past 24 hours. At the time of writing the pair is hovering just below the $10,000 mark, down by 2% and changing hands at $9,978.21.
Analysts are trying to decide whether $10,000 will now become a support or resistance, however, the latest price action is a clear indicator of bearish trends, in which BTC/USD dropped to current areas from levels closer to $11,000.
(Trading at $9,978.21 at 14:00 22 August 2019)
Latest Ethereum (ETH) news and prices
After a strong rejection near the $200 and $202 resistance levels, ETH price declined heavily against the US Dollar. There were also bearish moves in bitcoin and ripple below $10,000 and $0.2800 respectively. It opened the doors for more losses and ETH declined below the key $190 support level. Moreover, there was a break below the $188 level plus a close below the 100 hourly simple moving average.
(Trading at $185.46 at 14:00 22 August 2019)
Latest Ripple (XRP) news and prices
In the past two days, there was a steady decline in XRP price from the $0.2920 resistance against the US Dollar. The recent decline accelerated after the price broke the key $0.2850 support level. Moreover, the price settled below the $0.2800 level and the 100 hourly simple moving average. It opened the doors for more losses and the price recently declined below the main $0.2700 support.
(Trading at $0.265045 at 14:00 22 August 2019)
Bitcoin Cash (BCH) news and prices
The twenty (20) day exponential moving average (EMA) did put much of a fight, and Bitcoin Cash (BCH) now finds itself below it. A neckline from the head and shoulders pattern lies below the immediate support mark at the ascending channel. The bearish behavior of the cryptocurrency signifies that the nearest support mark might not hold.
(Trading at $297.24 at 14:00 22 August 2019)
Litecoin (LTC) news and prices
Litecoin declined by 2.56% on Wednesday. Following on from a 2.66% fall from Tuesday, Litecoin ended the day at $73.19.
Tracking the broader market through the morning, Litecoin slid from an early intraday high $75.35 to a mid-day intraday low $70.
(Trading at $72.44 at 14:00 22 August 2019)
Binance Coin (BNB) news and prices
Binance coin (BNB) failed to stay above the key $27.50 support area. BNB price is down around 4% and it is now trading well below the $27.00 level. An immediate support is near the $26.00 level, below which it could decline towards the $25.00 support area.
(Trading at $26.68 at 14:00 22 August 2019)
Tether (USDT) news and prices
Tether is planning to issue a stablecoin pegged to the Chinese renminbi, according to a trader with ties to the company.
Zhao Dong, an over-the-counter (OTC) trader in China and a shareholder of crypto exchange Bitfinex – which shares managers and owners with Tether – revealed the move on WeChat on Wednesday, saying Tether plans call the stablecoin CNHT.
His peer-to-peer crypto lending business, RenrenBit, will support trading and deposits for CNHT when it is launched, he said.
(Trading at $1.00 at 14:00 22 August 2019)
EOS news and prices
EOS price extended its decline below the $3.650 and $3.550 support levels. The price is now trading below the $3.500 level and it may soon revisit the $3.350 support level. If there are more downsides, the price could test the $3.200 support area. On the upside, the main hurdles are near the $3.650 and $3.700 levels.
(Trading at $3.50 at 14:00 22 August 2019)
Bitcoin SV (BSV) news and prices
At the CoinGeek Toronto 2019 scaling conference, Kristy Leigh Minehan used her time on stage to tell everyone how Bitcoin SV (BSV) is changing the mining industry for the better. CoinGeek’s Becky Liggero joined her on the sidelines to further discuss how important miners are to the Bitcoin ecosystem, and how BSV is finally treating them right.
As Minehan sees it, miners have always been a crucial part of what makes Bitcoin work, but they’ve been underappreciated. “A big part of it is that mining is about a social contract, inherently with your ecosystem,” she explained. “So the rules of mining are simply that, as miners, we are going to expend a lot of economic resources in electricity and hardware costs. And in turn, our chain is going to do its absolute best to ensure that we, as miners, can secure revenues, but also that infrastructure providers will keep upholding the infrastructure of the network. Things like nodes, things like, you know, datacenters, colocation, hosting. So these three participants in the mining ecosystem are incredibly valuable.
(Trading at $130.91 at 14:00 22 August 2019)
Monero (XMR) news and prices
Monero’s XMR tumbled by 6.11% on Wednesday. Following on from a 4.71% slide on Tuesday, Monero’s XMR ended the day at $80.65.
A particularly bearish morning saw Monero’s XMR slide from an early intraday high $86.41 to an early afternoon intraday low $79.
The sell-off saw Monero’s XMR fell through the first major support level at $83.24 and second major support level at $80.59.
(Trading at $79.86 at 14:00 22 August 2019)
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.