Bullish momentum has subsided as many coins have begun heading downwards. Check out this latest analysis of a popular trader.
$BTC Daily Chart
The price compression is reducing gains from swing lows to swing highs: 86%, 36% & recently only 15%
Wanting price to keep closing above $10,025
Large gap in VPVR (supply/demand areas by price) and if the price breaks down lots of interest right below $8k pic.twitter.com/fVvjH4OLuY
— Josh Rager 📈 (@Josh_Rager) August 27, 2019
A short while back, CoinMall revealed that they had planned to delist Bitcoin Cash as well as ZCash. Lack of attention from customers has been attributed to be the primary reason for removal. While ZEC was a major player in the market just a year ago, XMR now ranks amongst the top 12 altcoins on coinmarketcap.
This has led to many in the community to be upset. Members siding with the Bitcoin Cash faction has been working diligently to aid in the process of adoption. But it seems that things aren’t working too well for Bitcoin Cash even though it is placed ahead of Litecoin as well as Binance Coin in the market.
CoinMall has been updated!
BCH and ZCash have been removed as payment methods
We have added a 2% fee for cryptocurrency payments. No fees are taken for Stripe or PayPal payments
The private messaging system has been updated to work a lot easier
More coming soon, stay tuned!
— CoinMall (@coinmall) August 26, 2019
Bitcoin is the top-ranked asset on coinmarketcap, with BTC dominance rate lying at almost 69%. The price dipped by 0.71% in the course of the past 24-hours. The trading volume recorded is $13.664 billion, while the supply has 17,900,875 BTC coins in play. As of this moment, BTC is priced at $10,146.80. The total market cap of BTC is $181.636 billion for now.
Bitcoin Cash rose marginally at a rate of 0.41%. This brought BCH all the way up to $307.40. The trading volume recorded is $1.193 billion, whereas the supply has 17,971,375 BCH coins involved. At present, the total market cap of Bitcoin Cash is $5.524 billion.