#eos #cardano #litecoin
Bumper show from The New Kids on The Blockchain with:
0:10 Welcome and Intro ‘ What’s Coming Up? ‘
2:00 Min Crypto News:
6:00 Min Blockchain Events – Report from Blockchain Live London
8:20 Min Blockchain Banter – Peter Schiff on why Bitcoin is NOT ‘digital gold’
12:00 Min Blockchain Banter 2 – Hashoshi on Cardano tech
26:20 min Thats All Folks ! – Summary and Goodbye
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Top 10 Alternative Cryptocurrencies Hit 6 Month Lows
Nearly all top 10 alternative cryptocurrencies by Market Capitalization have hit their respective 6-month lows after bitcoin’s rapid price slide dragged the rest of the markets into the red on Tuesday.
Litecoin (LTC), EOS (EOS), Binance Coin (BNB), and Stellar (XLM) dropped to their lowest point in over 6-months shortly after BTC’s major sell-off forced traders to exit the market in quick succession.
Bitcoin Price (BTC) Weekly Target of $7.5K Still In Sight
* Bitcoin price extended its decline and broke the key $8,000 support area against the US Dollar.
* The price is likely to test the main weekly bearish target of $7,500 in the coming sessions.
* There was a bearish break below a contracting triangle with support near $8,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
* The price is currently trading near $8,000 and it is likely to extend its decline towards $7,500.
Peter schiff , who we interviewed, was quick to jump in on twitter and said:
#Bitcoin has finally broken below the support line of the large descending triangle it has been carving out for months. This is a very a bearish technical pattern, and it confirms that a major top has been established. The risk is high for a rapid decent down to $4,000 or lower!
FROM AMB CRYPTO Litecoin’s symmetrical triangle could pull back price in short term
The silver crypto suffered a six-month low in its valuation, a decline that was not seen since March 2019. Joe DiPasquale, CEO of BitBull Capital, had earlier commented
“Litecoin has been under pressure since the halving of the block reward failed to boost price and it wasn’t helped by concerns surrounding funding for future development. The current price drop is simply the result of these fundamental issues and the fact that Litecoin closely follows Bitcoin.”
EOS Maker Block.One Expands US Footprint With DC-Area HQ
Block.One, the software company behind the EOS blockchain, will expand its U.S. footprint with a new headquarters and a $10 million investment in Arlington County, Va.
Virginia Gov. Ralph Northam announced the plans on Monday, along with a $600,000 grant from the Commonwealth’s Opportunity Fund. EOS is the world’s seventh-largest blockchain by market capitalization, valued at more than $3 billion.
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