Cryptocurrency Prices Live: The Crypto Market is showing consolidation in the currencies that we will be analysing today and although we still do not see a defined course, it seems that the bulls are losing momentum and there is uncertainty about whether the last raise will continue or the cryptos will be involved in new minimums. By now, the second option is the most probable since today the top 10 of the market is in red except for Ethereum with a minimum gain of 0.34% in 24 hours.
General Overview
Market Cap: $271.699.753.396
24h Vol: $15.382.782.187
BTC Dominance: 42.1%
News
‘Stop Trying to Create Money!’: BIS Chief Carstens on Cryptocurrency
Carstens, the newly-christened general manager of the Bank for International Settlements (BIS) — the so-called “central banks’ central bank” — is on record as one of cryptocurrency’s fiercest critics. Earlier this year, for instance, he said that bitcoin is “a bubble, a Ponzi scheme, and an environmental disaster.”
Source: ccn.com
Head of Russia’s Top Bank: the State Will Keep ‘Centralised Role’ in Money Emission
The CEO of Russia’s largest state bank Sberbank, Herman Gref said he could not yet foresee governments “yielding their centralised role” in fiat currency creation as part of his comments on cryptocurrency.
Source: cointelegraph.com
South Korea Legitimizes Blockchain Industry With Major New Classification Standards
Three Korean ministries – the National Statistical Office, the Ministry of Science and Technology, and the Ministry of Information and Communication – are said to have been working since the end of last month to produce the final draft of a new blockchain industry classificatory scheme, ready by the end of July.
Source: cointelegraph.com
Analysis
XRP/USD
Ripple price has had small losses since the beginning of the session and at this moment is at $0.4846 trying to get away from the EMAs200-100 after having bounced on the lower line of the bullish pennant.
The Central Pivot Point looks strong as resistance and we must be alert to a possible new bounce there to look again for the bottom of the Bullish Pennant.
Market sentiment
1-H chart technicals signal a sell sentiment.
Oscillators are showing buy signals and pointing up.
Pivot points
R3 0.5389 R2 0.5228 R1 0.5074 PP 0.4913 S1 0.4759 S2 0.4598 S3 0.4444
ETH/USD
Ethereum has gained 0.34% in the last 24-H and is currently valued at $470. The price has been moving in range throughout the day while the strength of the buyers has disappeared and the price remains unable to definitely leave the bearish channel in this 4-H chart, the Central Pivot Point is still strong as a support.
Market sentiment
4-H chart technicals signal a Bullish sentiment.
Oscillators are showing neutral signals.
Pivot points
R3 513.26 R2 497.69 R1 482.43 PP 466.86 S1 451.60 S2 436.03 S3 420.77
EOS/USD
EOS couldn’t keep the price above $9.00 and now is sitting around $ 8.88.
The price is currently moving over the EMA-100 that is working as an immediate support close to $8.75. Indicators still show an extra field down for the bears and if they want to add some pressure, the price could go to test the Pivot S1.
Market sentiment
1-H chart technicals signal a Bearish sentiment.
Oscillators are showing sell signals and pointing down.
Pivot points
R3 10.19 R2 9.82 R1 9.36 PP 8.99 S1 8.53 S2 8.16 S3 7.70
Conclusion
Cryptocurrency Prices Live: The market seems to be taking a breath and this is why some of the currencies in this update have moved in narrow ranges during the day, in summary, we don’t know where we are going at the moment and there is no solid confidence that the recent rises are strong enough. We expect directional movements at any time.
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