Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap is currently struggling near the $117.00B and $118.00B levels. Litecoin (LTC) price is currently trading in a tight range above the $30 support. Bitcoin cash price may climb back above $130 and $132 resistance levels. Tron (TRX) is consolidating above $0.0240 and it could trade higher in the near term. Cardano (ADA) price gained more than 3% and broke the $0.0450 resistance level. Bitcoin (BTC) and Ethereum (ETH) traded in a range, with bearish moves. The crypto market is facing hurdles, increasing pressure on ripple,…

Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis

The total crypto market cap declined heavily and broke the $115.00B support level. Bitcoin cash extended losses and traded below the $130 support level. Tron (TRX) started a downside move and traded below the $0.0250 support level. Cardano (ADA) is moving lower and it may soon test the $0.0400 support zone. IOTA (MIOTA) is down more than 7% and it recently broke the $0.3000 support. The crypto market is under a lot of selling pressure, dragging bitcoin (BTC) and Ethereum below key supports. Moreover, ripple, Litecoin (LTC), Tron (TRX), IOTA…

Crypto Market Turned Bearish: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap tumbled and declined more than $20.00B in the past 2 hours. Stellar (XLM) price is down more than 15% and tested the $0.1000 support. Bitcoin cash price tumbled 20% and broke the $150 and $140 support levels. Tron (TRX) trimmed most its recent gains and traded below the $0.0280 level. Cardano (ADA) price is down around 20% and traded below the $0.0450 support level. The crypto market turned bearish recently and lost more than $20.00B. Bitcoin, BCH, Ethereum, XRP, Stellar (XLM), Tron (TRX) and Cardano…

Bank of America Files Patent for Blockchain-enabled Cash Handlers

Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency Bitcoin, to handle some portions of its cash handling devices. The patent, titled “Banking Systems Controlled by Data Bearing Records, mentioned blockchain around 58 times, indicating how the digital ledger technology would improve their traditional cash deposit and withdrawal protocol. A cash handling device, in general, assists banks in dispensing, counting and tracking their cash flow to…

Bank of America Reveals New Blockchain Patent Targeting Cash Handling

Bank of America (BoA) wants to patent a system using blockchain technology to improve cash handling, a new application published Dec. 25 confirms. Originally submitted in June 2017, the patent references “banking systems controlled by data bearing records.” “Aspects of the disclosure relate to deploying, configuring, and utilizing cash handling devices to provide dynamic and adaptable operating functions,” its abstract reads. BoA explains there remain communication difficulties in aspects of cash handling duties across banks’ huge operations, and suggests blockchain could help ease these. “Cash handling devices may be used…

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap declined below the $100.00B support before buyers appeared near $96.5B. EOS price is currently consolidating below the $2.00 resistance area. Bitcoin cash price is trading above the $80.00 support with a tiny bullish angle. Tron (TRX) is still above the $0.0130 support level. Cardano (ADA) price seems to be preparing for an upside break above $0.0300. The total crypto market cap declined further below $100.00B before recovering slightly. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) remains at a risk…

Crypto Market Update: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap failed to gain pace and declined below $100.00B. Stellar (XLM) price declined more than 6% and broke the $0.120 support. Bitcoin cash price fell sharply by around 10% and broke the $90 support. Tron (TRX) is still stuck above the $0.0130 support level. Cardano (ADA) price declined once again below $0.0300 and it may slide further. Bitcoin cash declined heavily and broke the $95 and $90 supports. Stellar (XLM), Tron (TRX) and Cardano (ADA) are currently under pressure and they may slide further.…

Crypto Exchange Gemini to List Bitcoin Cash With NYDFS Approval

The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New York-based startup is only supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, “Satoshi’s Vision” (SV). The difference arises after a controversial hard fork last month when the bitcoin cash network split into two different and competing blockchains with their own tokens. The exchange has added replay protection to ensure that transactions are only valid on the one network, wrote engineering VP Eric…

Is Bitcoin Cash (BCH) Entering Death Spiral?

The Bitcoin Cash price continues to record new yearly lows, currently trading within its fifth consecutive session in the red. The BCH/USD rate has dropped below $120 in the latest sell-off, noting more than 97% depreciation since its all-time high. Since November 7, when the pair was trading at $638, it has tanked more than 81% in value. In comparison to other cryptocurrencies that also established their yearly lows recently, the price plunge in the Bitcoin Cash market is more severe. Source: CoinMarketCap.com Collateral Damage The reason why investors are…

Bitcoin Cash Price Analysis: BCH/USD Crashes Below $150

Key Points Bitcoin cash price traded further lower and broke the $150 support level against the US Dollar. There is a new connecting bearish trend line formed with resistance near $148 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $140 level in the near term. Bitcoin cash price extended losses below $150 against the US Dollar. BCH/USD may continue to move down and it could even test the $125 level. Bitcoin Cash Price Analysis Yesterday,…