The market continues to consolidate winnings while the TOP-10 currencies are all in green. Stellar has won 21.43% and Cardano 20.89% in the last 24-H and the others are also showing representative positive growing.
General overview
Market Cap: $295.984.421.039
24h Vol: $21.222.164.259
BTC Dominance: 43.1%
Top 100 Gainers of the day
Bitcoin Diamond BCD 48,22%
Ardor ARDR 35,81%
Dogecoin DOGE 25,78%
aelf ELF 23,15%
Stellar XLM 21,43%
Top 100 Losers of the day
TenX PAY -8,04%
Pundi NPXS -1,54%
Dropil DROP -0,77%
Tether USDT -0,42%
Huobi Token HT -0,24%
News
Coinbase Walks Back Claim That SEC Approved Trio of Acquisitions
Cryptocurrency exchange and brokerage giant Coinbase has walked back a claim that it had received explicit approval from the U.S. Securities and Exchange Commission (SEC) to acquire three companies as part of its future plans to list cryptocurrencies that are deemed securities under federal regulations.
Source: ccn.com
Mastercard Wins a Patent to Link Cryptocurrency With Fiat Accounts
Mastercard has been granted a patent that grants it rights for a method for “managing fractional reserves of blockchain currency.”With Mastercard’s latest patent, we’re getting closer to using our cryptocurrency credit cards to purchase goods. According to the filing, the method addresses the storing of both fiat and cryptocurrencies under one profile. This means, as a user, you’d have two linked accounts with your bank — one for your fiat wealth, and one for crypto.
Source: ccn.com
Bitcoin Mining Giant Bitmain is Tripling its Development Center in Israel
Bitmain, the Chinese bitcoin mining giant valued at $12 billion, is cementing its presence in Israel by planning to triple its employees at its domestic development center.In an aggressive expansion of its research and development center in Ra’anana, a city in western Israel, Bitmain is looking to recruit over 40 employees to add its current 15 employees situated in the country, Israeli publication Globes reports.
Source: ccn.com
Analysis
XRP/USD
The price of Ripple is currently trading at $0.5163 and took as support the $ 0.50, the principal and immediate resistance is the Pivot R1 at $ 0.5288. If the price manages to cross this level, we could see the price looking for $0.5444.
Market sentiment
4-H chart technicals signal a Bullish sentiment.
Oscillators are in the overbought zone and pointing down.
Pivot points
R3 0.5790 R2 0.5494 R1 0.5282 PP 0.4986 S1 0.4774 S2 0.4478 S3 0.4266
LTC/USD
Litecoin price has won 4.3% in the last 24 H after finding a strong resistance in the Pivot R1 at $92.19. As we stated yesterday in our daily report, the price could keep the level of $ 85.0 and crossed the $ 90.0 level were is sitting now. If the buyers can put pressure in the upcoming hours it is possible to see another move to the upside in the pair.
Market sentiment
4-H chart technicals signal a Bullish sentiment.
Oscillators are in the overbought zone and pointing down.
Pivot points
R3 100.8426 R2 95.4551 R1 92.2401 PP 86.8526 S1 83.6376 S2 78.2500 S3 75.0350
ADA/USD
Cardano is extending its gains and today reports a positive 14.69% in the last 24 H, the price is trying to go for the $ 0.20 during the day with no success as the pivot R2 at $ 0.1961 seems to have stopped the impulse; if the price cant cross this resistance level, the fib retracement of 23.6% could be the support to rest.
Market sentiment
4-H chart technicals signal a Bullish sentiment.
Oscillators are in the overbought zone, showing buy signals and pointing down.
Pivot Points
R3 0.2133 R2 0.1961 R1 0.1839 PP 0.1669 S1 0.1544 S2 0.1374 S3 0.1250
Conclusion
This is not the first time the market performs a rise like the one we have seen on Monday and Tuesday, we could not expect a different thing than waiting for a consolidation and then a retracement to retake the trend. Will be different this time? It is too early to say it, in my opinion, 50% retracement could be expected in the short term before another spike.
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