Major cryptocurrency exchange platform and electronic wallet service provider, Bittrex recently announced that they have plans to launch United States dollars trading pairs for the two new cryptocurrencies which will be supported on their platform including Ripple (XRP) and Etherium Classic (ETC). That's probably the catalyst, but we've seen BTC prices slide for months now and this is just another reason to see it go down.
In conclusion, Michael Arrington, founder of TechCrunch and Arrington XRP Capital hedge fund, thinks that XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions speed and fees, a feat that, at the moment, can't be matched by BTC or ETH. Despite its downturn, Fundstrat Global Advisors' managing partner Tom Lee says the cryptocurrency is gradually regaining market share - which should comfort bitcoin buffs. On the flip side, a downside break below the $6,139 low and the $6,100 support puts the price at a risk of trading to a new yearly low.
XRP (XRP) traded down 3.2% against the dollar and now trades at $0.41 or 0.00005823 BTC.
Many altcoins featured on this list can be traded on Binance.
The past few days were extremely bearish on bitcoin price as it failed to surpass the $8,200 and $8,400 resistance levels.
BCH/USD: Bitcoin Cash, too attempted a recovery above the $700 handle, in a mood of general optimism in today's crypto trading, following the footprints of its wider peers in terms of price action.
Bittrex is now one of the most trusted exchanges in the world and has 24 hours trading volume of $55,734,645.68 (8,637.13 BTC).
EOS/USD: EOS remained in a tight range during late European trading hours Tuesday after investors started to overcome the pessimism created by a spam attack, leading to voluminous rise in transactions over the past week. The top currency swapped for BCH today is tether (USDT) with 54 percent of today's BCH trades. Looking ahead at order books, BCH bulls need to surpass mega-resistance from now until $640 and after that, it may be easier to move northbound. If they do cross hairs, this means the path towards the least resistance would be the upside but for now, it remains on the downside. If bears get their way, the fall to sub-$600 regions will hold decently between $590 through $530 for some time.
At the moment, the price is testing an important support at $6,400, which was a pivot level and a support earlier. If people can see there's already a tried and tested way to pay bills in XRP, or Bitcoin, or any cryptocurrency, they are more likely to try it out for themselves and thus, the chance of adoption is increased.