Are There Any Altcoins That Can Rise When Bitcoin (BTC) Goes Down?

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

We are a not for profit Independent Media Group, which survives off donations. Even as little as $5 per month, from our generous readers. Please donate now, to help fund our work.

Are There Any Altcoins That Can Rise When Bitcoin (BTC) Goes Down?

By CNBS News

At the moment, neither bulls nor bears are dominating as some coins are still in the green zone, while others have come back to red.

Chart

Top coins

BTC/USD

Yesterday, in the first half of the day after the morning high, the rise in the Bitcoin (BTC) price continued a little more to a new summer record near the $50,560 mark. At the same time, sales volumes began to significantly exceed the average level, and the price started to decline.

BTCUSD

BTC/USD chart

Before the end of the day, the pair rolled back to the level of $49,000. This morning, the price returned to the area of the two-hour EMA55, setting a local minimum at $48,765.

If bears push through the level of average prices, then the nearest support—which might limit the decline—may become the $47,745 level.

Bitcoin is trading at $48,491 at press time.

BNB/USD

Binance Coin (BNB) has joined the list of losers, going down by 2.68% over the past 24 hours.

BNBUSD

BNB/USD chart

Binance Coin (BNB) could not fix above the vital $500 mark, having formed a false breakout. At the moment, one needs to pay close attention to the level of $483.

If bears succeed and fix below it, there is a high possibility of seeing the ongoing decline to another support at $458.

BNB is trading at $482.87 at press time.

XRP/USD

Yesterday, buyers made a desperate attempt to break through the resistance of $1.30, but the XRP price could not hold above this level and, in the afternoon, the pair returned to the support of $1.20.

 

XRP/USD chart 

If the market remains positive, then the price of XRP might follow the cryptocurrency flagship to a new August high around the $1.40 mark.

XRP is trading at $1.1987 at press time.

Bitcoin 2.0 is a newcomer, that jumped from its $0.20 cent list price in late May to a high of $.59 cents recently during the time Bitcoin was retracting.

Although it has low volumes until it overcomes its teething issues expands to tier 2 exchanges before heading to the tier 1 exchanges it seems to be running a pattern that it’s price does even better when Bitcoin drops.

Although it could be too early to see if this pattern will hold, however, its price has risen even after many that hold it has come out of partial lockup periods. A true test for many coins which often have flopped and folded by now.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Please support independent media and give a donation small priority large. This means we can continue to fight for friends and family to have a future and defend free speech.

Related News

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Leave a Reply

Your email address will not be published.

Play Video

McIntyre Report
Political Talk Show

RT News - August 11 2022 (20:00 MSK)

We are not live at this moment. Please check back later.

Watch Now for Free

Share with friends now plus add us to your TV and other devices and help kill mainstream media

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pinterest
Share on email

Click to Watch Now for Free

Jamie McIntyre
TruthBook.social Videos

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Nurses Speak Out

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Thank you for visiting the
Australian National Review

To continue accessing more articles for free simply enter your email address

We are only 27% funded for next month's operations.

ANR is fully funded by our readers, people like you who often can’t stand mainstream media lies and propaganda. So please help us continue exposing the truth and helping defeat the Globalists and defend your and your children’s futures.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset and help us expose the Covid Fraudsters

just $5 a month helps

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY