Finance News

Story: Insufficient Volume Support for the Recovery of Cryptocurrency

By Maheen Hernandez

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There is insufficient volume support for the recovery of the Bitcoin from $9,755 through $10,255, and this recovery is likely to be short-lived.

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The rising-wedge breakdown on the hourly chart supports the decline.  The 3-day bearish candlestick pattern as well supports the price decline.

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The 4-hour chart showing the rising wedge breakdown, supports a drop down to $9,467.  The bearish pressure will weaken if the prices close past the bearish lower high at…

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The 100-day moving average is widely followed for Bitcoin, and it shows average support at $9,900, and it rebounded to a high of $10,255 earlier today.

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Ethereum Classic is soaring up by 40% this week.  The Atlantis Fork of Ethereum Classic is scheduled for September 2019.  It might happen on September 13, 2019.

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The Atlantis fork is focused on improving the security of the blockchain after considering the concerns of the community.

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The network experienced a 51% attack, and the current team is focused on improving the stability and functionality of ETC.

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Terry Culver, CEO of Ethereum Classic Labs, considers North Block Capital as a leader when it comes to blockchain initiatives.

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The annual Ethereum Classic, ETC Summit will be held during October 3, 2019, through October 4, 2019, in Vancouver, Canada.

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XRP continues to be the third in the cryptocurrency market.  This is despite the $3 billion loss in its market capitalization during the year 2019.

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Kyle Samani, the co-founder of crypto hedge fund Multicoin Capital, stated, “The company has been steadily increasing their sales of XRP over the previous three quarters, likely…

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However, there continues to be an increasing concern about regulators perceiving XRP to be unregistered security and therefore putting an end to its trading.  

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Eric Turner, director of research at Messari, stated, “I don’t expect them to stop selling any time soon.

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TRON registered an unexpected turn in price.  The price of the coin was at $0.0183.  The currency currently holds the 13th rank in the cryptocurrency market place. 

The Currency Analytics

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