Price Dip Leaves Bitcoin Exposed to $7.2K Support

View Bitcoin suffered a contracting triangle breakdown on Wednesday, as expected. The range breakdown is backed by bearish developments on the daily and 4-hour chart indicators. BTC, therefore, risks falling to $7,206 (May 18 low) in the next day or two. A UTC close below $7,206 would confirm a double-top breakdown and open doors for a drop to $6,070 (target as per the measured move method). The outlook would turn bullish if the price finds acceptance above $8,050 in the next 24 hours. Bitcoin (BTC) dived out of a narrowing…

Ripple (XRP) Price Testing Key Support: More Range Moves Likely

Ripple price struggled to break the $0.4080 and $0.4085 resistance levels against the US dollar. The price declined recently and traded below the $0.4000, $0.3950 and $0.3840 support levels. This week’s followed bullish trend line was breached with support near $0.3960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now trading near a major support area close to the $0.3650 and $0.3620 levels. Ripple price moved lower within a range against the US Dollar and bitcoin. XRP is currently holding the key $0.3620…

Crypto Market Holding Key Support: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis

The total crypto market cap is currently above the key $225.0B and $230.0B support levels. Bitcoin price seems to be struggling to clear the $8,000 barrier and is trading in a range. Litecoin (LTC) price is currently consolidating above $90.00, with resistances near $92.00 and $95.00. Bitcoin cash price settled above the $400 resistance area after a strong recovery from $350. Tron (TRX) price is slowly grinding higher towards the key $0.0300 resistance area. Cardano (ADA) price is facing a strong resistance near the $0.0850 and $0.0880 levels. The crypto…

Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap declined sharply and tested an important support near $210.0B. Bitcoin price is showing signs of a decent recovery above the $7,200 support level. Litecoin (LTC) price failed to stay above the $100 level and recently declined below $90. Bitcoin cash price is down more than $90 from the recent high and broke the $380 support. EOS price is once again below the key $6.20 and $6.00 support levels. Stellar (XLM) price is gaining traction and it is up more than 7% to $0.1310. The crypto…

Opera Will Soon Add Tron Support to Its In-Browser Crypto Wallet

Opera is working to integrate support for Tron’s TRX and TRC-standard tokens in its browser-based crypto wallet. After the integration of the TRON blockchain is complete, the browser’s over 300 million users worldwide will be able to use the tokens within the browser, Opera said Wednesday. The integration will also allow users to play Tron games and access Tron decentralized applications (dapps) within the browser, without requiring third-party extensions or applications. There are currently over 400 dapps built on the Tron blockchain, the Norwegian browser maker said, citing data from DAppReview. The…

Ethereum (ETH) Price In Corrective Decrease: $230 Support Holds Key

ETH price climbed further higher and tested $280 before correcting lower against the US Dollar. The price started a downside correction and traded below the $270 and $260 supports. There is a major bullish trend line forming with support near $252 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $230 support area to avoid an extended downside correction. Ethereum price climbed towards the $280 level before correcting lower versus the US Dollar and bitcoin. ETH is likely to find support near the…

Crypto Exchange Seed CX Adds Support for Three Stablecoins

Chicago-based crypto exchange Seed CX has announced support for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) in a press release on May 14. The new stablecoin additions can be traded for U.S. dollars starting May 17, and the exchange is aiming to roll out trading pairs between the stablecoins and other fiat currencies such as the euro in the near future. Seed CX CEO Edward Woodford commented on the impetus to add stablecoin options: “Stablecoins are important in the ecosystem as they increase the velocity of movement of…

Opera Web Browser Crypto Wallet Launches Support for Tron, TRC-Standard Tokens

Web browser Opera has added support for tron (TRX) and TRC-standard tokens to its built-in crypto wallet, according to a press release shared with Cointelegraph on May 15. Last year, Opera first developed crypto wallet and Web 3.0 capabilities for its Android browser, launching the product in December 2018 with support for ether (ETH) and interactions with decentralized applications (DApps). “Web 3” is a term that was initially coined to refer to efforts to develop a semantic internet, and is increasingly used to refer to the evolution of a more…

Coinbase Expands Service to 50 More Countries, Launches USDC Support in 85 Jurisdictions

United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others. Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote, adding that the move will help accelerate the global adoption of crypto trading. USD Coin is the first stablecoin…

Tron (TRX) Performance Dismal, May Drop below Q1 2019 Support

Tron (TRX) under pressure above crucial Q1 2019 support Cred and Tron collaborates After acquiring BitTorrent and successfully tokenizing the world’s largest peer-to-peer file sharing platform, Tron now has a partnership with Cred that will see TRX holders lend out their funds and earn up to 10 percent in interest. Tron Price Analysis Fundamental The thing is, there is nothing to take away from Tron or their aggressive co-founder, Justin sun. Although critics may say his marketing style deems the asset security, the fact is, Tron is a competing and…