Musiccosmos

Markets slowly recovering this weekend; XRP, EOS, Neo and Tron climbing back, VeChain falling slightly. The slow creep upwards has continued into the weekend as cryptocurrencies add more gains following their lowest levels of the year. Total market capitalization has crept up slightly and is currently holding above $215 billion, 14% up on Tuesday’s big dip. Bitcoin has not moved much over the past 24 hours, it is still trading at $6,500. BTC did reach and break $6,600 a few hours ago but resistance was too strong and it fell back again. Ethereum is still inching up with small gains every day now, today it is 2.2% higher to $308, though the ascent has slowed and prices have retreated a little. Altcoins are pretty much all in the green this morning. Leading the gains in the top ten at the moment is XRP with another 7.5% climb to $0.335. Ripple’s token was the best performing altcoin in the top ten yesterday also as partnership expansions and new developments boost momentum. EOS is ...

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The cryptocurrency market capitalization has risen above the $215 billion mark once again. A resilient Bitcoin was the main reason for the pullback. If the leader holds ground, the investors gain confidence and start entering the markets. Crypto hedge fund Pantera Capital is looking to raise $175 million for its third venture fund. They had previously raised $13 million in 2013 for the first fund and $25 million for the second. This shows that the demand for cryptocurrencies and related investments is still alive. While the decline was purportedly caused by the rejection of the ETF proposal by the SEC, some experts still hope to see a Bitcoin ETF in the near future. Others , however, are ...

Last week, the EOSUSD was bearish, there is currently some form of consolidation in the market, which denotes a “pause” before the market resumes its movement. EOS is a bear market. The current bearishness has a high probability of continuation – a characteristics of a persistent trending market. Long positions would not be rational until it is clear there is a change in the outlook on the market. EOSUSD Long-term Trend: Bearish Resistance levels: $6, $7, $8 Support levels: $3, $2, $1 EOSUSD bearish trend extended further to the south in the daily chart, and broke the last week support level at $5. The pair is approaching another support level of $4. The current price action shows the possibility of price going further downwards, aiming at the support level of $3. The Stochastic Oscillator Period 14 is below the level 10 and still points to the downside, which indicates that the market is oversold. There may be a bullish effort along the way, but it is going to be temporary. ...