Binance Coin (BNB) has held its ground even as market selloff continues. Bitcoin (BTC) has exhibited similar behavior but the rest of the market plunged further into the red when Ethereum (ETH) showed signs of weakness. However, these temporary movements are not to be confused as what follows next. There are a lot of solid indicators in the market that tell us that deep down, most investors know that the market is going to reverse at some point.
Fully decentralized peer-to-peer crypto exchange Bisq has launched a mobile notification app for both Android and iOS systems. The platform saw record growth last month and is holding a market kickstart event as a way to boost liquidity.
Bisq Mobile App Launched
Bisq, a fully decentralized peer-to-peer (P2P) crypto exchange that allows users to trade fiats against cryptocurrencies, has launched a mobile notification app for both Android and iOS systems.
The current cryptocurrency market sentiment looks anything but promising. Bitcoin’s price decline is dragging all other currencies and assets with it, which is only to be expected. Surprisingly, Dogecoin’s price is far more stable than any other offering amid this bearish pressure. The meme coin is slowly maturing in major ways, by the look of things.
Dogecoin Price Remains Relatively Stable
These past two weeks have been rather interesting for all cryptocurrencies. Despite some extended positive momentum, pretty much all recent gains have been wiped out once again. One exception in this regard is the Dogecoin price, as it has lost far less value compared to all other competitors on the market. A surprising show of stability, especially for a currency most people still consider to be a meme first and foremost.
Bitcoin is still in recovery mode, but the bulls must keep prices above key support to maintain momentum.
In a recent interview, Ben He, the founder of major Chinese Ethereum wallet provider, Imtoken, discussed his company’s growth. $ 35 billion worth of crypto assets are currently held in Imtoken wallets – including funds owned by major cryptocurrency companies such as Coinbase. Imtoken also recently announced that it has received $ 10 million USD from IDG Capital, and will soon integrate support for BTC.
All cryptocurrencies are still suffering from a lot of bearish momentum right now. Although things have begun to pick up a bit, there is no real positive momentum to speak of as of yet. The Ethereum price is struggling to remain above $ 700, despite noting a 1.2% increase in the past 24 hours. This coming weekend will be pretty interesting to keep an eye on in this regard.
The BTC markets have rallied to test resistance at the $ 10,000 area. Despite gaining 60% in just four weeks, BTC’s recent gains have been significantly overshadowed by those produced by many top performing cryptocurrency markets, including Bitcoin Cash – which has gained more than 225% since it’s early April lows.
BTC Markets Produce Four Consecutive Green Weekly Candles
The price of BTC has continued to make consistent gains, bouncing by almost 60% from the recent low of roughly $ 6,400 to the current prices of $ 9,600. When measuring the bounce in relation to the bear trend of early-2018, we can see that the price of BTC appears to be trying to consolidate at the 0.236% retracement area.
April 24, 2018 — Sydney, Australia — WhatEOS, an organization regrouping a community of EOS enthusiasts formed by companies supporting EOS blockchain technology including CollinStar Capital, successfully held its first roadshow in Sydney, Australia, on April, 20, 2018. At the event, held at Sydney’s Portside Centre, WhatEOS was introduced by marketing representative Acqeel Ziyad and security manager Roger Zhou to a full room of entrepreneurs, Blockchain and cryptocurrency specialists. The next stop will bring together EOS fans in Melbourne in May.
Bitcoin may have dropped in price, but its losses are far below many altcoin assets as forks Bitcoin Cash and Bitcoin Gold hemorrhage value.
Grim Reading For Bitcoin Forks
In an analysis of 63 top cryptocurrencies by market cap, one online commentator drew attention to overall retraction of prices versus their all-time highs.
Bitcoin came in 52nd on the list, having dropped 69% as of Tuesday. Bitcoin Cash had fallen a giant 82% to reach number 16, while Bitcoin Gold fared even worse, losing 85% to occupy 6th position.