Sunday, Aug. 18. — Most of the top 20 cryptocurrencies are suffering moderate losses on the day, as Bitcoin (BTC) struggles to stay over the $10,150 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently down by 1.79% on the day, trading at around $10,166 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 10.4%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin in terms of its market capitalization, which currently stands at $19.9 billion. The second-largest altcoin, Ripple’s XRP, has …

With Bitcoin regaining market dominance of over two-thirds of the entire combined cryptocurrency capitalization, discussions regarding market share of prominent altcoins have largely left the dominant cryptocurrency discourse. Here is a different outlook on the market and on how the top cryptocurrencies stack up with the rest. Market dominance flows from alts to BTC since 2018 Market dominance between the top cryptocurrencies by market capitalization has changed over the last year. As of Aug. 19, 2018, as seen in the chart below, the three largest coins comprised 71.95% of the combined cryptocurrency market — an 8% difference to the figures …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The global amount of debt with negative yields ballooned up to $15 trillion, according to Deutsche Bank. Though yields in the United States are still in the green, President Donald Trump has been pressing the Fed to cut rates aggressively. If the US also joins the negative yield bandwagon, cryptocurrencies are likely to surge. …

Friday, Aug. 16 — Bitcoin (BTC) and Ether (ETH) are seeing some upward movement as XRP continues to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,480 at press time, representing a 4.58% price increase on the day. Bitcoin is seeing some momentum for an upward climb, peaking at $10,500 so far and continuing to stay away from the four-figure mark it fell to yesterday. Still, BTC needs to climb by about 15% to retake the $12,000 barrier, which it surpassed multiple times earlier this month. Earlier today, anticipated BTC futures platform Bakkt announced that it has been approved …

Cryptocurrency mining company CoinMine has received a fresh injection of funds from a $2.5 million seed round led by the investment company M13. Coinmine announced the successful fundraiser in an official blog post on Aug. 15. As part of the announcement, Coinmine said it will continue to support more cryptocurrencies and ship out “over-the-air” updates. The company offers a product called Coinmine One, which is an all-purpose cryptocurrency mining computer that costs $700. The announcement also included a shoutout to previous investors, who include familiar names such as Coinbase Ventures and Anthony Pompliano. As previously reported by Cointelegraph, Robot Ventures …

Ripple’s infrastructure development and XRP adoption initiative Xpring announced a 1 billion XRP (roughly $265 million) grant to web monetization platform Coil on Aug. 15. Coil will reportedly use the funds to build an ecosystem of creators, developers, companies and nonprofits that use XRP through the Web Monetization open standard. Giving creators control over distribution and monetization Coil is a platform that provides an alternative method for creators to monetize their content on the internet. Users can post public and exclusive content on the platform, which is automatically enabled for streaming payments. Alternatively, creators can monetize their own websites by …

Altcoin XRP has received fresh claims its price is artificially high as a well-known cryptocurrency trader warns of serious losses. Brandt: Ripple manipulated XRP for years In a series of tweets Aug. 14, Peter Brandt accused the issuer and largest holder of XRP tokens, Ripple, of price manipulation. XRP had dropped to its lowest level against Bitcoin (BTC) in over two years, while XRP/USD circled 11-month lows. For Brandt, however, even current levels of $0.26 are the result of manual intervention on the part of Ripple, and not natural market forces. Should the practice ultimately fail, the token could shed …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Nicholas Colas, co-founder of DataTrek Research, believes that the performance of Bitcoin in the past few days shows that it is working like a geopolitical turmoil indicator. He points out that Bitcoin predicted Hong Kong protests and some capital flight out of Hong Kong and China. Both in Argentina and Hong Kong, investors paid …

Ripple is coming under fire from a serial Bitcoin (BTC) proponent this week after news emerged a lawsuit against the company has intensified. Ripple will feel U.S. regulators’ wrath, says Vays Ripple, which notionally controls the token known as XRP, is currently being taken to court by an investor, Bradley Sostack, who claims the company engaged in selling unregistered securities. As Cointelegraph reported, the stakes increased this week, after Sostack amended his original claim to include fresh guidance from the United States Securities and Exchange Commission (SEC). According to reports, the SEC’s latest pronouncements lend weight to Sostack’s argument, and …

XRP investor Bradley Sostack has amended a class action suit against Ripple, in which he alleges that the company misled investors and sold XRP as an unregistered security in violation of federal law. Sostack submitted his latest filing on Aug. 5 to a United States district court in California. According to a report by CoinDesk on Aug. 13, the original class action suit was filed about a year ago, but had yet to gain traction as a class action suit. However, Ripple now must reportedly respond to this latest action by some time in mid-September. Appeal to SEC guidelines Crucially, …

Newly-launched cryptocurrency exchange Beaxy has suspended trading after some users deliberately crashed the price of altcoin XRP. XRP/BTC dips 40% According to a blog post and social media messages, beginning on Aug. 12, Beaxy experienced a sudden surge in XRP trading volumes, with a huge sell-off reducing XRP/BTC to 40% of its price on other exchanges. “As a result and precaution, we are temporarily halting all trading activity and withdrawals across the exchange as we investigate,” the blog post reads. XRP/BTC 3-day trade volume on Beaxy. Source: Beaxy Beaxy launched in June this year, having already experienced difficulties after an …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Goldman Sachs is positive on Bitcoin. In a note, one of the firm’s analysts has projected a short-term target of $12,916 to $13,971, after which it might enter a consolidation. For the long term, the analyst considers the current move as the first leg of the five wave count, which means that the analyst …