There are a lot of things going on in the cryptocurrency market. The bearish or bullish trends, increase or decrease of values, Bitcoin holding strong it’s position near the mark of $6,000 and a hacking attack on Binance.
The cryptocurrency market is going through a lot at this time. On the other hand, the market capitalization of the cryptocurrency market value is increased up to $180 billion mark.
The hacking attack on the Binance has raised some serious questions about the security and safety of the traders and users funds in the cryptocurrency market. Binance is one of the top cryptocurrency exchange with high-level security, still, the hackers managed to hack the exchange and stole 7000 worth BTC. Binance has done damage control of the loss with the SAFU.
It is a very serious issue and concerning authorities should take actions against such frauds and this security breach. A few days earlier the United States Federal Trade Commission has filed a lawsuit against iBackPack because of misusing the raised assets.
The cryptocurrency market is very attractive to the people who think they can easily get rich by investing in it and do not understand the risks of the market.
Bitcoin BTC/USD: Today, Bitcoin is enjoying the bullish movements in its value. Bitcoin has crossed the mark of $6,000. Currently, bitcoin is trading at the value of $6,080.92 USD, with the market capitalization of $107,575,681,589USD and 24-hour volume is $15,980,879,013 USD. The circulating supply is 17,690,687 BTC and the total supply of 21,000,000 BTC.
The value of Bitcoin is increased by 3.33%. Bitcoin is enjoying the surge in the price and bullish trend in the market. It is a really good year for Bitcoin as compared with the loss of the previous year.
Ethereum ETC/USD: The trading value of the Ethereum currently is $171.36 USD and the market capitalization is $18,162,930,543 USD. The value of the Ethereum is increased by 0.79% and the 24-hour volume is $6,570,072,337 USD. The circulating supply of the Ethereum is 105,994,318 ETH.
Yesterday, the closing value of the Ethereum was $170.95 USD and the point is yesterday market was slightly bearish. Today the market is against in the bullish movement and the price of Ethereum increase. Still, the resistance level of $200 USD is hard to cross and but it is good that it is now in a good position and securing its 20-day EMA.
Ripple XRP/USD: At the time of writing, Ripple is trading at the value of $0.300132 USD with the increase of its value by 0.11%. The market capitalization of the Ripple is $12,645,565,000 USD and 24-hour volume is at $898,277,877 USD. Ripple is slightly under the bearish trend line, but it somehow managed to trade at the value of $0.3 USD.
However, Ripple can cross the resistance level of $0.33, which is hard for it at this time. If somehow Ripple could break this major resistance level of $0.33, and then it might be possible that it will reach the value of next resistance level of $0.45, but if the table turns and the value got down, it will reach under the value of $0.27 USD.
Bitcoin Cash BCH/USD: The BCH is currently trading at the value of $287.10 USD with an increase of 0.75% and the market capitalization of the BCH is $5,102,405,932 USD. The 24-hour volume of the BCH is $1,369,467,485 USD with the circulating supply of 17,772,388 BCH and the max supply of 21,000,000 BCH. The ROI of BCH is decreased by -48.35%. It is hard from this value for the BCH/USD pair to break the resistance level of $335.62.
Litecoin LTC/USD: The current trading value of the Litecoin is $74.49 USD with the market cap of $4,595,825,150 and the 24-hour volume of $2,592,697,630 USD. The circulating supply of the Litecoin is 61,693,807 LTC and the max supply is 84,000,000 LTC with the Litecoin value increased by 0.40%.
The experts have predicted that the next possible level for the Litecoin is $84.34 and if Litecoin will stay in the bullish trend it is possible for it to achieve it. The further prediction about the next level resistance price after breaking the resistance level of $84.34 for the Litecoin is $91 USD.
EOS EOS/USD: Currently EOS is trading at the value of $4.88 USD, with the market cap of the $4,446,718,562 USD and the 24-hour volume of $1,603,507,488 USD. The circulating supply of EOS is 910,880,402 EOS and the total supply is 1,010,880,406 EOS. The value of the EOS is decreased by -0.23%.
EOS is struggling against the bearish pressure to stay above the mark in the market. And if the bear overpower the currency price and the value of EOS might also decline further up to $3.0 level. On the other hand, if the EOS gets into a bullish trend the price will surely be going to surge up to the level of $5 to $6.
Binance BNB/USD: The value of the BNB is trading at the price of $20.29 USD and the value of BNB is decreased by the -0.80%. The market capitalization of the BNB is $2,865,017,293 USD and the 24-hour volume of coin is $181,131,131 USD. The circulating supply of BNB is 141,175,490 BNB and the total supply of 189,175,490 BNB.
The value of the BNB is decreased and it is the impact of the bearish trend, which is not a good sign for the cryptocurrency. The hack might be a reason for the lowering value of the BNB. The coin is struggling to get into the bullish trend. But, if the bearish trend gets the upper hand the price will get down up to $15 USD and even lower.
Stellar Lumens XLM/USD: The trading value of the Stellar XLM is $0.091201 USD, the value of the XLM is decreased by -3.22%. Stellar XLM is really under the pressure of the bearish trend lines. The market cap of the XLM is $1,747,676,730 USD and the 24-hour volume of the XLM is $204,379,093 USD. The circulating supply of the XLM is 19,162,820,780 XLM and the total supply of 104,962,402,034 XLM.
The experts think that, if the bearish trend pressure increases over XLM, the value might go down up to $0.080. The XLM is under the total bearish movement and getting back into the bullish trend is harder for XLM.
Cardano ADA/USD: Currently, Cardano is trading the value of $0.062798 USD and its value is decreased by -2.93%. The market capitalization of ADA is
$1,628,155,481 USD and the 24-hour volume of the currency is $42,884,803 USD. The circulating supply of ADA is 25,927,070,538 ADA and the total supply is 31,112,483,745 ADA.
Cardano is also under the bearish pressure and experts think that if the bearish trend increase over the currency and this critical level of the currency is smashed then the currency will face downfall up to the value of $0.040. The movement of the currency is clearly bearish and it is really hard for the currency to get back into the bullish trend.
Tron TRX/USD: The cryptocurrency TRON is currently trading at the value of $0.023942 USD and the value of Tron is decreased by -3.73%. The market cap of the TRX is $1,596,514,352 USD and the 24-hour volume is $693,393,650 USD. The circulating supply of TRX is 66,682,072,191 TRX and the total supply is 99,281,283,754 TRX.
Tron is not in the top ten cryptocurrencies in the cryptocurrency market, but yesterday while the prices of other currency were under bearish pressure, TRX was keeping the value still. Today, the value of TRX is under the bearish movement and if the prices go down the value of TRX will be around $0.018.