The latest cryptocurrency news show that the markets are consolidating as we round off another week. The volume has crept up a little over the past few days and the total market cap is nearing the $137 billion mark, up $2 billion from the past few days.
Bitcoin, however, hasn’t had a proper stake in the new surge. In fact, the most dominant cryptocurrency has moved very little over the past 24 hours. BTC has already hit an intraday high of $3,945 before dumping to $3,900. Then, it started slowly building back up to $3,952 where it is trading right now.
The volume is back over $10 billion which is another good sign. The key technical indicators such as the MACD and hourly RSI show we are now in the bullish zone.
Ethereum, on the other hand, has been slowly sliding forward and made a percent on the day taking it to $136 with a 2% increase. The move has taken ETH through the weekly downtrend line so that further momentum could follow, especially if Bitcoin turns bullish. Meanwhile, XRP has made a minor increase on the day and is now rising to $0.315.
The top ten is still mixed right now but the green is dominating everywhere across the markets. Larger gains have been made by Cardano (ADA) as it climbed 5.5% to $0.049. NEM is also having a big pump with about 9% added on the day to take the token to $0.050.
Right now, there is speculation about a possible link between NEM Malaysia and Air Asia which may be driving the FOMO. Meanwhile, IOTA, NEO, and ethereum Classic are all in the green making over 3% in the past 24 hours as the “altcoin season” gathers its momentum.
The Crypto.com Chain is continuing its epic surge and has added another 50% as it nears the top twenty. This has been the best performing altcoin over the past week. CRO has made an epic 900% pumping, going from $0.013 to $0.092 and driving a new move forward.
Among the other altcoins which see green are Digitex Futures and Lisk, both surging by 17% on the day. The other token of Crypto.com, MCO, is also up 17% right now.
The total market capitalization looks very positive, adding two billion dollars since yesterday. Similarly, the daily volume is increasing and is now at $33 billion as altcoins lead markets at the moment.
Two Miners Reportedly Executed A 51% Attack On Bitcoin Cash (BCH) Blockchain
“When the unknown miner tried to take the coins themselves, http://BTC.TOP & http://BTC.COM saw & immediately decided to re-org & remove these [transactions] TXs, in favor of their own TXs, spending the same P2SH coins, + many others … So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own," Swann tweeted.The two miners and their attack are a topic shared by many best cryptocurrency news sites. However, 51% attacks have always been considered unethical, undesirable and unprofitable option to take away funds as it would require a massive amount of computing power and because of the fact that users would flee. According to other stats on Coin.Dance relevant to the two miners, BTC.top and BTC.com control 43% of the Bitcoin Cash mining pool together. Meanwhile, this is not the only mining attack featured in the coming altcoin news. Previously, the Ethereum Classic (ETC) blockchain experienced a 51% attack in January, resulting in a loss of 54,200 ETC.
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Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
Crypto Market Retreat: $14 Billion Wiped Out Overnight
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