Tron (TRX) up over 8%, rest of market barely moves

Bitcoin Issuance Of Crypto Assets Will Push Bitcoin Lower Claims St. Louis FED Nick Chong

Yesterday, the crypto's price was ranging at the $3,500 price level, as price broke above the 12-day EMA and the 26-day EMA.

XRP to BTC has reportedly declined a few points below the 0.0000910BTC and 0.0000900BTC levels, but downsides were limited, says Etehreumworldnews.

Some analysts believe that the cryptocurrencies are in the last phase of the bear market and could begin showing signs of recovery by the second quarter of 2019.

At the time of writing, Litecoin was down 0.1% to $30.96, moves through the early morning seeing Litecoin rise from a morning low $30.69 and to a high $31.16 before easing back. While the price trended a lot below the $3,600 support, the $3,560 pivot provided for solid support.

Counterparty (XCP) traded down 0.9% against the dollar and now trades at $1.96 or 0.00053594 BTC. An initial support is near the Dollars 3,600 level, below which the price may retest the USD 3,550 level.

Many industry insiders believes a price correction is on the cards for the first half of 2019. Apart from the moving average support, BTC/USD will find more anchorage at $3,580, $3,560 and the recent low at $3,480. ETH/USD tested the USD 130 resistance and it is now (UTC 08:30 AM) consolidating gains.

Most of the investors are only bothered to understand if the price will go up or down simply.

Notice that the BTC chart is now showing lack of strength and in case that the bears manage to pull the price of BTC down toward the lower support levels, then it will affect the all crypto market, as always. The official website for United Bitcoin is ub.com. However, BCH/USD seems to be struggling above USD 130 and it could decline once again towards the USD 122 - USD 124 zone. The weakness in the short-term price trend of BTC led the market to demonstrate volatility on the downside, followed by sharp but short swings for the fences that drive crypto prices up for brief periods of time.

EOS rallied above the Dollars 2.20 and USD 2.40 levels.

Support 2: 119.68, daily pivot point support.

The Bitcoin (BTC) price might be down, but it isn't ready to be counted out - at least not yet. XRP seems to be preparing for an upside break above 0.0000920BTC and 0.0000950BTC in the near term, says Ethereumworldnews. Out of these, REP is up around 25% and QKC gained close to 25%. It is seen preparing for the next price move either above $3,650 or below $3,540. If BTC/USD fails to hold gains above USD 3,500, it could drag ethereum, ripple and other altcoins lower in the near term.

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