Bitcoin Rallies Past USD 12000, Altcoins Gaining Momentum

Similarly, there were steady gains in major altcoins, including ethereum, litecoin, ripple, bitcoin cash, EOS and monero. ETH/USD is back above the …

Yesterday, we saw the start of a strong rise in bitcoin price above the USD 11,200 and USD 11,500 resistance levels. Later, there was a downside correction, but dips remained supported in BTC/USD near USD 11,400. As a result, the price resumed its upward move today and climbed more than 5% above USD 12,000. Similarly, there were steady gains in major altcoins, including ethereum, litecoin, ripple, bitcoin cash, EOS and monero. ETH/USD is back above the USD 230 resistance and XRP/USD surpassed the main USD 0.320 resistance area.

Total market capitalization

Bitcoin Rallies Past USD 12,000, Altcoins Gaining Momentum 101
Source: www.tradingview.com

Bitcoin price

After a successful break above USD 11,500, bitcoin price extended gains. BTC/USD surged above the USD 12,000 resistance and even broke the key USD 12,200 resistance. The price is currently (08:00 UTC) up around 5%, with an immediate resistance near the USD 12,400 level. The main resistance is near USD 12,550, above which the price could climb towards the USD 13,000 resistance.

If the price corrects lower from the current levels, the USD 12,000 level may perhaps act as a support. If there is an extended downside correction, the USD 11,800 level could protect additional losses.

Ethereum price

Ethereum price remained well bid above the USD 225 level and it recently climbed above the USD 230 resistance. ETH/USD is testing the USD 235 resistance and it seems like the bulls are aiming more gains above the USD 240 and USD 242 resistance levels.

If the price fails to climb above the USD 235 resistance, it could correct once again towards the USD 226 and USD 225 support levels. The main support for the current wave is near the USD 220 level.

Bitcoin cash, eos and ripple price

Bitcoin cash price is following a bullish path and it recently broke the USD 340 resistance level. BCH/USD is currently flirting with the USD 350 resistance, above which it could accelerate towards the USD 365 and USD 370 levels. On the downside, immediate support is near the USD 340 level (the recent resistance area).

EOS finally climbed above the USD 4.400 resistance and it seems like it could even climb above the USD 4.500 resistance level. If there is a successful daily close above USD 4.500, the price could continue to climb towards the USD 4.800 and USD 5.000 levels.

Ripple price corrected lower after a rise towards USD 0.330. XRP/USD is currently trading above the USD 0.320 support and it could rise once again towards the USD 0.325 and USD 0.330 resistance levels. Conversely, a break below USD 0.320 might call for a test of USD 0.315.

Other altcoins market today

In the past three sessions, many cap altcoins climbed sharply and gained more than 6%, including TRXC, ABBC, DGB, CCCX, QNT, DCR, BCN and NEXO. Out of these, TRXC surged more than 300% to move into the top 100 in terms of the market cap.

1xBit

To sum up, bitcoin price is trading with a strong bullish momentum above USD 12,000. There might be a short term downside correction, but there are high chances of more gains in BTC, ETH, XRP, LTC and BCH in the near term.

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Bitcoin Rallies Past USD 12,000, Altcoins Gaining Momentum 102

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RIF Token Price Changed by -4.25 percent

RIF Token RIF/BTC on Bitfinex exchange is 0.13. The trading volume on Bitfinex is 117998.00. RIF Token average change within 24 hour is -4.25 …

As at 2019-08-05 average RIF Token price is 0.13518270 USD, 0.00001151 BTC, 0.00058229 ETH.

In this regard, 24 hour trading volume is 404267.60992909 USD or 34.42097391 BTC. At the same time RIF Token market capitalization is 62003807 USD or $5279 BTC.

RIF Token RIF/USDT on COINBIG exchange is 0.08. The trading volume on COINBIG is 10.41.

At the same time RIF Token RIF/BTC on CoinBene exchange is 0.14. The trading volume on CoinBene is 167831.00.

RIF Token RIF/BTC on Bitfinex exchange is 0.13. The trading volume on Bitfinex is 117998.00.

RIF Token average change within 24 hour is -4.25 against USD, -10.64 against BTC, -8.59 against ETH. Weekly report: 15.37 against USD, -6.35 against BTC, 4.78 against ETH. Monthly report: 39.21 against USD, 35.8 against BTC, 75.35 against ETH.

It’s noteworthy that is issued into circulation RIF Token.

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Algory Price Changed by -1.54 percent

Algory ALG/BTC on Bitfinex exchange is 0.77. The trading volume on Bitfinex is 32421.00. It’s noteworthy that is issued into circulation Algory.

As at 2019-08-05 average Algory price is 0.14799224 USD, 0.00001361 BTC, 0.00066560 ETH.

Algory average change within 24 hour is -1.54 against USD, -5.68 against BTC, -4.21 against ETH. Weekly report: 4.81 against USD, 13.33 against BTC, -8 against ETH. Monthly report: -13.67 against USD, 0.45 against BTC, 1.37 against ETH.

In this regard, 24 hour trading volume is 2293.49718204 USD or 0.21091982 BTC. At the same time Algory market capitalization is 1680363 USD or $154 BTC.

Algory ALG/BTC on Bitfinex exchange is 0.77. The trading volume on Bitfinex is 32421.00.

It’s noteworthy that is issued into circulation Algory.

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LEOcoin Price Changed by 5.33 percent

LEOcoin LEO/USD on Bitfinex exchange is 1.32. The trading volume on Bitfinex is 893959.00. At the same time LEOcoin LEO/BTC on Livecoin …

As at 2019-08-05 average LEOcoin price is 0.02819121 USD, 0.00000259 BTC, 0.00012679 ETH.

It’s noteworthy that is issued into circulation LEOcoin.

In this regard, 24 hour trading volume is 11529.16556852 USD or 1.05921451 BTC. At the same time LEOcoin market capitalization is 3411430 USD or $313 BTC.

LEOcoin LEO/USD on Bitfinex exchange is 1.32. The trading volume on Bitfinex is 893959.00.

At the same time LEOcoin LEO/BTC on Livecoin exchange is 0.03. The trading volume on Livecoin is 10824.37.

LEOcoin LEO/BTC on Bit-Z exchange is 0.03. The trading volume on Bit-Z is 1116.42.

LEOcoin LEO/USDT on BigONE exchange is 1.32. The trading volume on BigONE is 13159.39.

LEOcoin LEO/ETH on Switcheo exchange is 1.32. The trading volume on Switcheo is 129.51.

LEOcoin average change within 24 hour is 5.33 against USD, 0.78 against BTC, 2.47 against ETH. Weekly report: 1.31 against USD, -11.9 against BTC, -5.13 against ETH. Monthly report: -46.99 against USD, -43.32 against BTC, -30.27 against ETH.

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Implications for Bitcoin Now That 85 Percent of Supply Has Been Mined

This article was originally published by 8btc and written by Olusegun Ogundeji. Over 17,850,575 bitcoin have been mined at the time of writing, …

This article was originally published by 8btc and written by Olusegun Ogundeji. Over 17,850,575 bitcoin have been mined at the time of writing, meaning that 85 percent of the top cryptocurrency’s …

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