Bitcoin’s price continues to hover around the $8,200 resistance as several altcoins see modest price action on the day. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
The world’s number one cryptocurrency by market cap, Bitcoin (BTC) is down by 0.10% and trading at $8,246.39 as per data from CoinMarketCap. Currently, Bitcoin is down by nearly 19% in terms of its monthly performance.
Several Bitcoin advocates continue to eye May 2020’s block reward halving this week as the impact on BTC’s price becomes more evident. Many community members cited that next year’s event will reduce the amount of Bitcoin in circulation up to $63 million per week if one considers current prices.
Bitcoin’s price is displaying positive signs and is currently holding support at around $8,200 against the US dollar. Experts believe that the price could surge past $8,280 and $8,300 resistance levels to continue higher.
(Trading at $8,215.45 at 14:00 22 October 2019)
Latest Ethereum (ETH) news and prices
Yesterday, we saw a decent recovery in Ethereum above the $175 resistance against the US Dollar. More importantly, bitcoin price gained traction and climbed above the $8,200 resistance area.
However, BTC failed to stay above the $8,220 and $8,000 level. It is currently declining, dragging Ethereum and ripple lower.
Recently, ETH price spiked above the $178 level, but it failed to continue higher. As a result, there was a fresh decline and the price declined below $175. A low was formed near $171.55 and the price is currently correcting higher.
(Trading at $175.20 at 14:00 22 October 2019)
Latest Ripple (XRP) news and prices
Yesterday, we discussed the chances of a fresh increase in ripple above $0.2950 against the US Dollar. XRP price remained well bid above the $0.2850 and $0.2880 support levels.
As a result, there was a fresh increase above the $0.2920 resistance and the 100 hourly simple moving average. Moreover, the price broke the key $0.2950 resistance level to set the pace for more upsides.
During the rise, yesterday’s highlighted key bearish trend line was breached with resistance near $0.2940 on the hourly chart of the XRP/USD pair. The pair is up more than 3% today and it even spiked above the $0.3000 resistance area.
(Trading at $0.297336 at 14:00 22 October 2019)
Bitcoin Cash (BCH) news and prices
Bitcoin Cash has moved away from the worst levels of the trading month, with the cryptocurrency now trapped in a period of sideways consolidation around its monthly opening price.
A run-up in price to $232.64 over the last few hours, however, has begun to indicate that a breakout could be imminent.
The BCH / USD pair is still technically bearish over both the short and medium-term, leaving the prospect of further downside ahead for the cryptocurrency. However, failure to maintain price below the $215.00 level also leaves the possibility of an upside rebound on the table.
(Trading at $232.89 at 14:00 22 October 2019)
Tether (USDT) news and prices
Considering that most markets are turning bullish, it might be a good time to talk about XRP/USD as Ripple is the third largest coin by market cap and could see significant bullishness near term. We have seen a bullish crossover on Ripple (XRP) on the daily time frame as the 21 day EMA has crossed above the 50 day EMA. Taking a look at Altcoin Dominance (Others.D), we can see that a sharp move to the upside is in the offing which could trigger a mini altcoin season. The Tether (USDT) chart on Coinmarketcap tells us that we might be on the cusp of a similar uptrend as in December, 2018 which is why it might be a good time to look for bullish entries and wait to short this market.
(Trading at $1.00 at 14:00 22 October 2019)
Litecoin (LTC) news and prices
For nearly a month, LTC/USD has been trending sluggishly in a >$10 range. The price of the asset has gone up slightly from $54.75 to $54.95 this Tuesday. The hourly breakdown shows us that the price fell to $54 before it went up to $55.55 in two hours. Following that, the bulls and bears have gone back and forth before settling around $54.95.
(Trading at $55.10 at 14:00 22 October 2019)
Binance Coin (BNB) news and prices
Binance Coin BNB price trend shows major volatility in the price from the almost nineteen dollars ($18.80) mark to the seventeen and a half dollars ($17.60) mark. However, Binance Coin BNB price is about four and a quarter percent (4.22%) up from the dip that affected the BNB price movement on the 16th of October.
(Trading at $18.39 at 14:00 22 October 2019)
EOS news and prices
The crypto bulls are making a comeback during the Asian trading hours on Tuesday. This follows are a mundane weekend session. The action on Monday was relatively bullish but the majority of cryptocurrencies are still locked under key resistance barriers just like EOS.
The critical barrier at $3.0 has been a hard nut to crack. The intense pressure put on the barrier in the last one week resulted in EOS slashing most of the gains. Action from Friday’s low at $2.71 tested the region on Monday but also failed.
(Trading at $2.96 at 14:00 22 October 2019)
Bitcoin SV (BSV) news and prices
Bitcoin SV exploded in marvelous gains on Monday becoming a market leader in terms of recovery. From an opening price of $94.69, BSV ascended to highs of $113.24 at the close of the session yesterday. The price action saw a ripple effect on the trading volume which saw a 44% rise in just 24 hours from $303 million to $541 million. The digital asset’s market cap also ballooned from $1.6 billion to $2 billion in the same period.
(Trading at $112.28 at 14:00 22 October 2019)
Stellar (XLM) news and prices
Stellar (XLM) has recently adopted a stable pace in the market. The traders who have been trading in the coin must be aware of the volatility in the price. The recent change is anticipated to be short-lived. If we look at the beginning of the month, the price was at $0.061. A week ago, the currency was dealing at $0.060, and the current price is at $0.063.
Yesterday, the price jumped to the highest till $0.063676 and fell lowest to $0.062539.
(Trading at $0.063947 at 14:00 22 October 2019)
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