Crypto Markets News 

Altcoin Market Capitalization Shrinks Despite Volume Boost Since 2017

“In 12 months, ETH has restored its ranking as the largest altcoin by market cap and increased its market share by a quarter, currently representing 25.1% of the total altcoin market capitalization” writes Samuel Haig for cointelegraph.com. Despite BCH seeing another 12-month decline in altcoin market share, the token retained its distinctive position as the third-largest alternative cryptocurrency by market cap, with BCH now representing 6% of altcoin capitalization.Of the 10 largest altcoins by market cap on Nov. 18, 2017, only XRP’s market share increased throughout the next year, becoming…

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Crypto Markets News 

Bitcoin Price Stays Static at $8,800 as NEO, BNB Steal the Limelight

“Bitcoin price (BTC) continued its daily trading pattern on Nov. 13, hovering just under $8,800 after losing support at $9,000” writes William Suberg for cointelegraph.com. Out of the top twenty cryptocurrencies by market cap, Neo (NEO) and Binance Coin (BNB) were the clear winners on the day, achieving gains of 13.1% and 6.55% respectively.As noted, that figure would be just $100 off the average price for Bitcoin this year, as predicted by the Stock-to-Flow model. The overall cryptocurrency market cap stood at $241.3 billion at press time, with Bitcoin’s share…

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Crypto News 

Consolidating Bitcoin Price May Be Setting Up Ethereum for a 30% Surge

“Ether price is still capped below the overhead moving averages and a move above this would set the price at slightly above $200” writes Horus Hughes for cointelegraph.com. Given that Bitcoin currently has a slight bearish bias spot and margin traders should definitely remember to use a stop loss when trading Ether.Bitcoin (BTC) dominance remains high at 66.3% and so does the amount of attention traders are dedicating to the largest digital asset’s price action.Some traders have found confirming evidence in comparing Bitcoin and altcoin fractals to identify bottoming patterns…

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Altcoin Platform Coinexchange.io Closes for Financial Reasons

“Altcoin trading platform Coinexchange.io has announced that it is shutting down due to financial difficulties” writes Marie Huillet for cointelegraph.com. As Cointelegraph previously reported, Coinone Global Exchange, a Malta-based platform launched by major South Korean exchange Coinone, terminated its services in mid-September.The platform stated: Trading and deposits on Coinexchange.io will be suspended on Oct. 15.Coinexchange.io is currently seeing daily traded volumes of roughly $700,000, according to CoinMarketCap, and supports more than 500 altcoins.In a statement on Oct. 1,  the platform noted that the closure was purely a business decision and is not…

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Crypto News 

Bitcoin Trading Journal: Swing Trader Shares How to Profit From Altcoin, BTC Investing

“At the time, Bitcoin also looked quite bullish to me and my assumption was that a large Bitcoin price move could negatively affect the XRP/BTC pair” writes Scott Melker for cointelegraph.com. For this trade, it is roughly 2.08 at the first target, 4 at the second target and 6.7 at the final target.One thing that can be taken away from this experience is that keeping a journal allows a trader to backtest and review candle patterns and support / resistance levels without confirmation bias. Source: cointelegraph.com

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Crypto Markets News 

Altcoins Soar, Zuckerberg Turns on Charm, North Korea’s Coin: Hodler’s Digest, Sept. 16–22

“At the end of the week, Bitcoin is at $10,042.99, Ether at $211.44 and XRP at $0.28” writes Thomas Simms for cointelegraph.com. Not too long ago, Bitcoin (BTC) diehards were warning that altcoins are dead. “The altcoin phenomenon is finished,” RT host Max Keiser said in July.The total market cap is at $265,273,128,748. Source: cointelegraph.com

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Crypto Markets News 

Bitcoin Price at $10.2K Deadlock as Ether Continues Surprise Bull Run

“The largest altcoin by market cap gained 10% over the past 3 days, outpacing the remaining top twenty market cap coins” writes William Suberg for cointelegraph.com. The overall cryptocurrency market cap stood at $265 billion, with Bitcoin making up 69.1% of the total.Data from Coin360 showed sideways price action as the order of the day for Bitcoin, which remained rangebound between $10,100 and $10,320. Source: cointelegraph.com

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Ethereum Price Flashing Bullish — Can ETH Trigger an Altcoin Revival?

“For the past two weeks, Ether (ETH) price has been a frequent topic of discussion among traders” writes Horus Hughes for cointelegraph.com. The daily ETH/BTC chart shows ETH above the 20 daily moving average for the first time since early June and the altcoin is above the descending triangle.Ether price is already appearing to lose some steam as it broke slightly above the upper Bollinger Band arm so the next candle close could possibly see the asset reverse course. Source: cointelegraph.com

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Crypto Markets News 

Bitcoin’s the Only ‘Crypto With Real Value’: Anti-Altcoin Analyst

“To further assert his bullishness on the top cryptocurrency, Brandt shared his analysis on how high bitcoin can climb in this current bull market” writes Kiril Nikolaev for ccn.com. Earlier this week, Peter Brandt took to Twitter to remind altcoin maximalists that bitcoin is the king of cryptocurrencies.Many cryptocurrencies with terrible fundamentals suddenly and exponentially grew in value, chipping away at BTC’s market dominance.Nevertheless, Brandt also stressed that without bitcoin, other cryptocurrencies would be completely worthless. Source: ccn.com

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Crypto News 

Two US Law Firms File Class Action Against Altcoin Nano and Exchange BitGrail

“Two United States law firms have filed a lawsuit against the developers of altcoin Nano (NANO) as well as Italian cryptocurrency exchange BitGrail, according to a notice published Jan. 7” writes Ana Alexandre for cointelegraph.com. Crypto-focused law firm Silver Miller and securities law firm Levi & Korsinsky have filed a class action lawsuit representing James Fabian — “and on behalf of all other persons similarly situated” — an investor in Nano, formerly known as RaiBlocks (XRB).The lawsuit also accused Nano’s team of violating U.S. securities laws by selling unregistered securities…

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