Cryptos trade in a tight range again, leaving Bitcoin as the only top crypto in a clear uptrend over …

Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.4% in aggregate.

Recap of the Top Five Cryptos

Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.4% in aggregate. Leading the way was Bitcoin Cash, whose price is now around $318.84 USD, which yielded holders a return of 1.27% from the day prior. In terms of the worst performer, that would be Litecoin, which reported a day-over-day return of -3.62% — a move that puts its price around $85.395743 USD. Out of the five coins observed here, two cryptocurrencies were up — which is a mixed sign for the crypto sector as a whole.

Interested in trading these currencies? Some brokers to try: Coindirect

Key Technical Moves

Yesterday was a fairly normal day for all of these cryptocurrencies, in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Technical traders may also wish to note the following developments in price action:

  • If you are looking for coins in a clear uptrend, consider Bitcoin. It has been in a clear uptrend over the past 14 days.
  • XRP, Litecoin, Bitcoin Cash and Ethereum don’t have a clear trend at this time, at least on a two-week timeframe.

Buy Bitcoin online

Insights From Transaction Data

Ripple recorded 880,642 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 28% over Ethereum, which had the second-most transactions recorded on its chain. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. Bitcoin was once again the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $46,438,576 US dollars. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $211.39 billion US dollars. That’s about 69.3% of the value of all circulating cryptocurrencies. Note that Bitcoin’s dominance level has been in an uptrend, climbing from 64.12% to 69.3% over the past two weeks.

Article by SixJupiter

Related Posts:

  • No Related Posts

Bitcoin’s dominance crosses 66% and reaches a two week high

Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone up 1.1% in aggregate. Leading …

How the Fab Five Fared

Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone up 1.1% in aggregate. Leading the way was Bitcoin Cash, whose price is now around $340.19 USD, which yielded holders a return of 3.72% from the day prior. In terms of the worst performer, that would be Litecoin, which reported a day-over-day return of -2.78% — a move that puts its price around $95.31 USD. In total, three coins were up from the day prior, which is a mixed sign for the crypto sector.

Crypto brokers to trade the currencies mentioned here: Coindirect

Key Technical Moves

The move in Ethereum was especially surprising; it was much larger than the normal daily trading range associated with the currency. Also of note for technical traders are the following developments in price action:

  • If coins without a clear trend are your thing, consider XRP, Litecoin, Bitcoin, and Ethereum. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.

Buy Bitcoin online

What Does Transaction Data Tell Us?

Ripple recorded 1,083,619 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 23% over Ethereum, which had the second-most transactions recorded on its chain. Ripple’s transaction fee is less than Ethereum’s transaction fee; in and of itself, this may imply transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $52,287,652 occurred on Bitcoin’s chain. The circulating value of all Bitcoins now comes in at approximately $192.7 billion US dollars — which means Bitcoin accounts for about 66.15% of the entire cryptocurrency market. To put that in perspective, we should note that over the past two weeks Bitcoin’s dominance percentage has been in an unclear trend, ranging between 64.12% to 66.15%.

Article by SixJupiter

Related Posts:

  • No Related Posts

Bitcoin Cash price analysis: BCH outperforms top performers

Meanwhile, Ethereum, Ripple (XRP), and Litecoin (LTC) are trading at two hundred and sixteen ($216), 0.319230, and almost ninety-two and a half …

Bitcoin Cash price analysis reveals that among the top five, Bitcoin Cash (BCH) had the best performance with a price rise of almost four percent (3.89%).

While Ethereum (ETH) had the worst performance with a rise of only one and a half percent (1.59%) within the last twenty-four hours, on average, the top five cryptocurrencies saw an increase of over two and a half percent (2.67%) across last day’s session.

Although cryptocurrencies managed to recover from the lows of 2018 and established fast-paced bulls, a correction stomped the prices once again. Now the cryptocurrencies are back on the rise once again as nineteen of the top twenty cryptocurrencies saw green across the week.

Currently, Bitcoin Cash is trading at three hundred and twenty-three dollars ($323) while Bitcoin (BTC) is trading at ten thousand and thirty-seven dollars ($10,037). Meanwhile, Ethereum, Ripple (XRP), and Litecoin (LTC) are trading at two hundred and sixteen ($216), 0.319230, and almost ninety-two and a half dollars ($92.45) respectively.

Bitcoin Cash price analysis: BCH outperforms top performers 2Bitcoin Cash price chart by Trading View

Although trades over the XRP and BCH networks were much larger than normal the cryptos along with Litecoin still do not have a clear trend. These cryptocurrencies have been moving in a state of uncertainty for the past fourteen days. These cryptocurrencies may be beneficial to the margin/rangebound traders.

On the other hand, Bitcoin (BTC) is in a clear downtrend across the same time frames; this may be an opportunity for short-sellers.

Ripple had the largest trade volume across last day’s session’s; in fact, it had almost 65 percent greater trade volume than the runner-up Ethereum. This may be due to the fact that people on the Ripple network enjoy extremely low transaction fees.

Meanwhile, the Bitcoin network conducted the largest single trade of the session. This trade was worth around one hundred and eight million dollars ($108,005,872). Moreover, Bitcoin continues to maintain its dominance across the crypto market by accounting for almost 64 percent of the total market cap.

Advertisements

Related Posts:

  • No Related Posts

Bitcoin Cash bests major cryptos for the day, climbing up in price

Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 65% more transactions recorded than …

How Did the Fab Five Finish?

Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of 2.67%. The best performer of the bunch was Bitcoin Cash, which went up 3.89% and currently is sitting near $330.37 USD. As for the worst-performing crypto out of the Big Five, yesterday that was Ethereum; it came in at up 1.59%, which drove its price to around $213.15 USD. In total, all five coins were up from the day prior, which is nice for those bullish on cryptocurrencies.

Find the crypto broker right for you: Coindirect

Key Technical Moves

It should be noted that the price behaviour of XRP and Bitcoin Cash was especially curious, as their moves yesterday were much larger than their respective normal daily trading ranges. Traders may also wish to bear in mind the following events going on regarding current price patterns:

  • If coins without a clear trend are your thing, consider Litecoin, XRP and Bitcoin Cash. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
  • Bitcoin is in a clear downtrend on a two-week timeframe. This could an interesting opportunity for short-sellers.

Buy Bitcoin Cash online

Insights From Transaction Data

Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 65% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $108,005,872 occurred on Bitcoin’s chain. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $174.06 billion US dollars. That’s about 64.33% of the value of all circulating cryptocurrencies. Note that Bitcoin’s dominance level has been in a downtrend, going between 64.12% to 65.77% over the past two weeks.

Article by SixJupiter

Related Posts:

  • No Related Posts

LEOcoin One Day Volume Hits $4074.00 (LEO)

Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $313.21 or 0.03278828 BTC. UNUS SED LEO (LEO) traded up 5% …

LEOcoin logoLEOcoin (CURRENCY:LEO) traded down 0.8% against the dollar during the 24 hour period ending at 8:00 AM E.T. on July 30th. LEOcoin has a total market capitalization of $3.26 million and approximately $4,074.00 worth of LEOcoin was traded on exchanges in the last 24 hours. In the last week, LEOcoin has traded 15.6% lower against the dollar. One LEOcoin coin can currently be purchased for about $0.0269 or 0.00000282 BTC on exchanges including Bit-Z, C-CEX, LEOxChange and Livecoin.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Bitcoin (BTC) traded 0.5% higher against the dollar and now trades at $9,557.71 or 1.00000000 BTC.
  • Ethereum (ETH) traded up 0.1% against the dollar and now trades at $209.61 or 0.02194317 BTC.
  • Litecoin (LTC) traded up 1.4% against the dollar and now trades at $90.57 or 0.00948094 BTC.
  • Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $313.21 or 0.03278828 BTC.
  • UNUS SED LEO (LEO) traded up 5% against the dollar and now trades at $1.35 or 0.00014155 BTC.
  • Monero (XMR) traded 0.2% lower against the dollar and now trades at $78.53 or 0.00822099 BTC.
  • Ethereum Classic (ETC) traded down 0.5% against the dollar and now trades at $5.87 or 0.00061449 BTC.
  • Zcash (ZEC) traded 1.5% lower against the dollar and now trades at $66.40 or 0.00695113 BTC.
  • Dogecoin (DOGE) traded down 0.3% against the dollar and now trades at $0.0028 or 0.00000030 BTC.
  • Bitcoin Gold (BTG) traded 3.4% lower against the dollar and now trades at $18.23 or 0.00190892 BTC.

LEOcoin Coin Profile

LEOcoin (CRYPTO:LEO) is a proof-of-work (PoW) coin that uses the ScryptJane hashing algorithm. Its genesis date was June 17th, 2014. LEOcoin’s total supply is 129,367,839 coins and its circulating supply is 121,010,421 coins. The Reddit community for LEOcoin is /r/leocoinorg and the currency’s Github account can be viewed here. LEOcoin’s official Twitter account is @LEOcoinORG and its Facebook page is accessible here. LEOcoin’s official website is www.leocoin.org.

Buying and Selling LEOcoin

LEOcoin can be traded on the following cryptocurrency exchanges: LEOxChange, Livecoin, C-CEX, TOPBTC and Bit-Z. It is usually not currently possible to buy alternative cryptocurrencies such as LEOcoin directly using U.S. dollars. Investors seeking to acquire LEOcoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy LEOcoin using one of the aforementioned exchanges.

Receive News & Updates for LEOcoin Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for LEOcoin and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

Related Posts:

  • No Related Posts