From a look at what may lie ahead for the price of Bitcoin to fight for blockchain app supremacy, here’s a look at some of the stories breaking in the world of crypto.
President Trump’s sudden emergence as a Bitcoin and crypto critic is having a major impact on the price of BTC, according to a senior market analyst at Oanda Corp.
Alfonso Esparza told Bloomberg that he believes Trump’s stance on the crypto market and Facebook’s Libra has brought Bitcoin bears back to life.
“[Bitcoin] continues to trade lower as comments from President Trump put downward pressure on the cryptocurrency. It could fall further to $8,000, giving back all the gains made in June.”
A crypto analyst known as Dave the Wave tells his 11,000 followers on Twitter that after hitting a bottom of around $3,150 early this year, Bitcoin is now facing a potential change in momentum that could last the rest of 2019.
“A lower low, and under 10K, could very well see a major trend change. Six months spiking… possibly the rest of the year correcting. But on the positive side, the bottom looks in. Support: Growth curve, mean curve, medium and long term averages.”
Ethereum, EOS, Tron, Steem
The battle for the most popular apps that utilize blockchain technology continues.
According to DappReview, $11.5 million worth of the Tron’s network’s native cryptocurrency TRX changed hands in the last 24 hours.
Meanwhile, $10.7 million in volume moved through Ethereum, $5.0 million moved through EOS and $7,200 flowed through Steem.
#DApp Daily Report:
— DappReview (@dapp_review) July 14,