Ethereum Name Service Adds Multicoin Support

Distributed naming system Ethereum Name Service (ENS) has announced the launch of multicoin support as 15 cryptocurrency wallets already plan to utilize the new feature. According to an official Medium post published on Oct. 17, this will allow crypto enthusiasts to use one ENS name for all of their crypto wallets. Ongoing implementation It is noted that ENS’s user interface currently only supports Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses — and not all of the encodings. Still, the post promises that its functionality will be…

Bitcoin Back Under $8K — Next Is $7.4K If Support Zone Breaks: Analyst

Friday, Oct. 18 — Bitcoin (BTC) has lost support at $8,000 again after a brief recovery ended up further downward selling pressure.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin eyes lower support bands Data from Coin360 showed BTC/USD briefly hit $7,850 on Friday before rebounding to just above $7,900. The latest dip capped daily losses of up to 2% for traders, with the pair having reached a high of $8,120 the previous day.  Bitcoin seven-day price chart. Source: Coin360 As Cointelegraph reported, analysts were dismissive of the upward momentum, with the…

Ripple (XRP) Price Breaks Key Support, More Downsides Possible

Ripple price failed to hold the key $0.2850 support and extended its decline against the US dollar. The price is currently correcting higher, but it is likely to face sellers near $0.2850 and $0.2880. This week’s followed key bullish trend line was breached with support near $0.2855 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now facing a strong resistance near the $0.2860 and $0.2880 levels. Ripple price is struggling to hold gains against the US Dollar and bitcoin. XRP price…

Ripple (XRP) Price Holding Key Support But Can It Gain Strength?

Ripple price started a downside correction after setting a new monthly high at $0.2993 against the US dollar. The price declined below the $0.2920 support area and tested the $0.2840 support area. Yesterday’s highlighted major bullish trend line with support near $0.2860 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains supported near the $0.2860 and $0.2820 levels in the near term. Ripple price is holding an important support area against the US Dollar and bitcoin. XRP price must stay above $0.2800…

Electrum Bitcoin Wallet to Support Lightning Network in Next Release

The next release of major Bitcoin (BTC) wallet software Electrum will support off-chain scalability solution Lightning Network (LN). The Electrum official Twitter account announced the upcoming LN integration in a tweet sent on Oct. 14. The tweet announced: “The next release of Electrum will support Lightning payments. Our lightning node implementation has been merged into Electrum’s master branch.” Electrum also confirmed that the wallet will employ a new implementation developed in-house, written in Python. High hopes for Lightning Network Lightning Network is believed by many Bitcoin proponents to be the…

Crypto Market Cap And Bitcoin Holding Support: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is currently holding the key $210.0B support area. Bitcoin price is also trading just above the $8,250 and $8,200 support levels. EOS price is showing positive signs above the $3.050 and $3.000 support levels. Binance Coin (BNB) is up more than 2% and it is trading nicely above the $18.00 resistance. BCH price is holding the $220 support and it could rise above the $235 resistance area. Tron (TRX) price is up around 4% and it is gaining pace above the $0.0162 resistance. The crypto…

Ethereum Price Weekly Forecast: ETH Holding Important Support

ETH price started a sharp downside correction after trading as high as $198 against the US Dollar. The price is currently holding an important support area near the $180 level. There was a break below a major bullish trend line with support near $188 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could extend its decline towards the $175 support area before a fresh increase. Ethereum price is struggling to retain its bullish bias against the US Dollar and bitcoin. ETH is likely to bounce back…

Updated Bitfinex Mobile App Now Includes Derivatives Trading Support

Cryptocurrency exchange Bitfinex has announced the latest updates and optimizations to its mobile app. New version features support for derivatives trading  On Oct. 11, cryptocurrency trading platform Bitfinex presented the newest version of the Bitfinex mobile app, which includes derivatives trading support as well as in-app access to Bitfinex Reports 2.0. Version 3.19.3 of the Bitfinex mobile application features support for derivatives, including pairs, charts, order form with a leverage slider, order history and positions.  Users of the updated mobile app can now also gain access through an in-app browser…

Bitcoin (BTC) Price Dives $500 But Holding Key Support

Bitcoin price climbed to $8,950, but failed to continue higher against the US Dollar. The price is down around $500, but it is holding the key $8,400 and $8,350 supports. There is a major bullish trend line forming with support near $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could test the $8,350 support and it is likely to recover in the near term. Bitcoin price is trading with swing moves below $9,000 against the US Dollar. BTC declined sharply from $8,950, but…

Ethereum (ETH) Signaling Bullish Continuation, Bitcoin Holding Support

Ethereum price is trading nicely above the $188 and $185 support levels against the US Dollar. Bitcoin price is showing positive signs and it is trading above the $8,400 support area. There is a major bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher and it could break the $195 and $198 resistance levels. Ethereum price is trading above key supports versus the US Dollar and bitcoin. ETH price must stay above $185 to…