Latest cryptocurrency news and prices, 06 September 2019

After circling around the $10,500 support for most of yesterday, Bitcoin (BTC) broke through to the $10,700 price area but failed to climb as high as the $10,800 resistance. Several altcoin markets are once again seeing minor losses on the day. Here are your latest cryptocurrency news and prices. 

Latest Bitcoin (BTC) news and prices

Yesterday saw bitcoin hold on to a key support price area just above $10,600. At one stage the world’s number one crypto saw an intraday high of $10,761 with many analysts calling for a breakthrough to the $10,800 price point. However, BTC failed to break through to the next support and as a result, Bitcoin’s price endured a downward correction to below $10,600.

At the time of writing, BTC is however up by a modest 0.56% and changing hands at $10,651.16 as per data from CoinMarketCap.

Read more here. 

(Trading at $10,651.16 at 14:00 06 September 2019) 

Latest Ethereum (ETH) news and prices

ETH/USD had a bullish start to Friday as the price went up slightly from $174 to $174.25. This follows a frustrating Thursday for the buyers where the price went down from $175 to $174. The hourly breakdown of Thursday shows us that the price managed to take the price down to $171.55, where it trended horizontally for a bit. After that, the bulls stepped in and took it up to $174.84, before a last-ditch rally by the bears brought it down to $174. Friday had a bearish start where the price went down to $173.30 before the bulls immediately stepped in and took it back up to $174.25.

Read more at fxstreet.com

(Trading at $174.94 at 14:00 06 September 2019) 

Latest Ripple (XRP) news and prices

U.S.-based crypto exchange Poloniex took to Twitter today to announce the upgrade of its XRP wallets, which will result in withdrawals and deposits being suspended for several hours. 

On Sept. 5, the crypto exchange took to Twitter to explain that it will upgrade its XRP wallets to further enhance the user experience. Once the upgrade is implemented the base reserve deposit requirement of 20 XRP to create a new address will no longer be needed. In addition, deposit confirmations have been reduced from 12 to 2, which will reduce deposit times from 20 minutes to about 15 seconds. 

Read more at cointelegraph.com

(Trading at $0.256487 at 14:00 06September 2019)  

Bitcoin Cash (BCH) news and prices

The Bitcoin Cash community in Tokyo is growing. I am an organizer of the Bitcoin Cash Meetup which currently has 1,500+ members. We meet up every Wednesday in Tokyo. I am also a Community Manager at Bitcoin.com and Satoshi’s Angels helping with the community’s growth and adoption of Bitcoin Cash.

Tokyo Survival Channel challenged me to survive 24 hours in Tokyo with only Bitcoin Cash (BCH) — no fiat currency. This was their rule:

All of the things you buy must be paid with BCH, or BCH converted into some kind of e-money. No “fiat” (=Japanese yen) can be used during the challenge. Have a normal city life in Tokyo.

Read more at news.bitcoin.com

(Trading at $293.71 at 14:00 06 September 2019) 

Litecoin (LTC) news and prices

Litecoin fell by 2.77% on Thursday. Following on from a 2.95% slide on Wednesday, Litecoin ended the day at $65.27.

A relatively range-bound start to the day saw Litecoin rise from an early low $66.62 to a mid-morning intraday high $67.46.

Falling short of the first major resistance level at $68.81, Litecoin slid to a late morning low $64.24.

The reversal saw Litecoin fall through the first major support level at $66.0 and second major support level at $64.87.

After recovering to $65 levels, Litecoin fell back through the second major support level to a late intraday low $64.23.

Read more at fxempire.com

(Trading at $66.33 at 14:00 06 September 2019) 

Tether (USDT) news and prices

In what could spark yet another round of controversy, the co-founder of the most popular stablecoin, Tether (USDT), William Quigley, said that it wouldn’t matter if the cryptocurrency weren’t actually backed by US dollars as long as everyone agreed to value USDT at one dollar. This line of reasoning, however, puts Tether in the same basket as most fiat currencies that are not backed by anything. 

Read more at cryptopotato.com

(Trading at $0.998531 at 14:00 06 September 2019) 

Binance Coin (BNB) news and prices

Binance’s forthcoming dollar-backed stablecoin has received the go-ahead from the New York Department of Financial Services (NYDFS). Binance’s PR team announced the news on Thursday 5 September adding the fact that the NYDFS has approved the new offering. Binance is set to launch its U.S. stablecoin in partnership with the Paxos Trust Company.

Binance’s stablecoin will be backed by the U.S. dollar on a 1:1 ratio as per the press release. Binance’s stablecoin joins the ranks along with the Paxos Standard and the Winklevoss twins Gemini Dollar as yet another NYDFS-approved stablecoin.

Read more here. 

(Trading at $22.31 at 14:00 06 September 2019)  

EOS news and prices

EOS price is struggling to hold the $3.300 support level and is trading in a range. If it continues to struggle, there could be a downside reaction towards the $3.200 support level. The next major support is near the $3.100 level, followed by 3.050. On the upside, the main hurdles are near $3.450 and $3.500.

Read more at newsbtc.com

(Trading at $3.29 at 14:00 06 September 2019) 

Bitcoin SV (BSV) news and prices

When he’s not busy working on the Bitcoin SV network, you can find Jimmy Nguyen promoting the only massively scalable Bitcoin project on international conferences, in the media and even in leading learning institutions. This time, the Founding President of the Bitcoin Association spoke to 8BTC, a Chinese cryptocurrency news site. Nguyen went to great detail explaining why Bitcoin SV is superior to all the other projects, and why it’s the only project that follows Satoshi’s original vision.

Asked about what effect recent legal proceedings with Dr. Craig Wright have on the BSV ecosystem, Nguyen pointed out that BSV is bigger than any one individual. BSV is about the creation of a global P2P electronic cash system as well as becoming a global blockchain to support enterprise applications used by billions across the world

Read more at coingeek.com

(Trading at $130.95 at 14:00 06 September 2019) 

Monero (XMR) news and prices 

Conversely, the XMR/USD pair has recorded a positive performance. The trend is bullish that may increase investors sentiments. The moving averages have also switched from a bearish sign to a bullish sign. Thereby an increase of about 3.5% was seen, with the pair’s price escalated from $73.0724 to $75.7462 that indicated a positive outlook. Significant resistance level was found near $76.0000 and support level near $71.5000. Additionally, hope for further upside correction is possible since the RSI indicator is currently moving towards the overbought territory, which gives a positive outlook.

Read more at themerkle.com

(Trading at $76.85 at 14:00 06 September 2019) 

For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.

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