In the latest digital currency news, we are reporting a marginal recovery from the market dump that happened during the past week and heightened last Sunday, leading the cryptocurrency market to all-year lows.
One week later, the total market capitalization has managed to recover and Bitcoin is looking stable around the $4,000 mark. Since the middle of last week, the most dominant cryptocurrency started to consolidate around this level, while Ethereum (ETH) has struggled to get off the floor since its big November dump.
In the altcoin world, most of the tokens are green. Bitcoin SV (BSV) seems to be making the most progress in the top ten at the moment, with 9% on the day that took it back to $100. Cardano (ADA) is also recovering well with 7% gains and the rest of the altcoins are putting between 3% and 5% today.
TRON (TRX) has just inched above Monero, taking the eleventh spot with new gains this Sunday. IOTA (MIOTA), NEO (NEM) and Ethereum Classic (ETC) are all adding new gains to their price and moving positively.
A new FOMO-induced pump is seen by a new entry to the top 100 cryptocurrencies named Free Coin. This altcoin managed to surge 55% on the day and is pumping alongside a few similar coins, one of which is Centrality.
To sum things up, crypto markets have made about 4% gains since the same time yesterday, and the total market cap is now greater than $133 billion. November, however, has been the month from hell as market collapsed by a third.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
Bitcoin Cash Drops Again By 15 Percent While Other Cryptocurrencies Take A Stronger Hit
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