A strong wave of sellers seems to be affecting the crypto market. Most coins are experiencing a steep dip in prices. The delay in Bitcoin ETF approval by the SEC today has the send the BTC market crashing. Most cryptocurrencies seem to be influenced by the market crash as they also exhibit a steep decline. Tron prices have crashed over 6% during the past hour and have found no support. Ethereum Classic [ETC] and Monero [XMR] are showing similar trends as the coins struggle to find support.
In tandem with the Bitcoin crash, TRX prices have also fallen steeply. The prices which were trading at $0.029 fell below $0.027 breaking out the support level set at $0.028 registering a loss of over 6%. The prices were on an uptrend before the steep decline and were about to break out from the resistance level set at $0.030. Investors will have to wait out the seller storm. TRX is currently trading at $0.0275 and is dipping against USD by 5.16%.
TRON Latest Updates
- Tron aims to surpass Ethereum with global all-hands meeting. The first ever global all-hands meeting was conducted by Tron foundation on August 7. The meeting served as a common platform to unite two teams belonging to the extremes. This event has witnessed the “merging” of Beijing, China from the east and San Francisco, from the west.
ETC prices witnessed a sharp drop in prices. The prices are currently trading at $17.239 and id losing against USD by 8.31%. The support level at $18.75 has experienced a breakout. The seller storm might drag the prices below the $16. The prices had just resumed an uptrend today from a disappointing performance yesterday. The prices have gone below the 100 EMA line and the MACD signifies a bearish trend.
Ethereum Classic updates
- The Robinhood listing and the Coinbase’s listing of Ethereum Classic on its wish list has had a marked increase over the ETC prices.
XMR has broken out of its support level set at $113.042 and is dipping against USD. XMR prices were trading in a bullish zone before the SEC rejection of yet another Bitcoin ETF. The announcement has affected the XMR uptrend which was eyeing for the $120 handle. The 100 EMA line exhibits a downtrend and the MACD signifies a bearish momentum. The coin is currently trading at $108.540 and is losing against USD by 4.24%.
- TitoMedusDomain adopts Monero [XMR] as the primary payment method for buying Tor domains. TitoMedusDomain is a Tor network domains seller and registrar and it is only accessible on the Tor browser.
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