HomeTradingBSV: today the price marks +16%

BSV: today the price marks +16%

Despite the day with a prevalence of negative signs, today we highlight the price of Bitcoin SV (BSV) among the top 15 cryptos per-market cap, along with Ripple (XRP).

Ripple chart by Tradingview

Ripple has regained its share over 44 cents, a step from the 2019 record of May 16th and just below the threshold of 48 cents, rising today by 1.5%.

Sparks BSV: its price today starts to rise again touching 16%, even with a rise in the price that makes it now the best, behind Maximine Coin that instead rises of 26%.

Bitcoin Satoshi Vision (BSV) is confirming itself as the most volatile coin in the last 10 days with excursions even in triple digits, as happened last weekend. During the weekend some noises were leaked that wanted BSV out of the Bitfinex basket; noises that at the time were not confirmed and that were probably due to high volatility that is attacking Bitcoin SV or probably it was a Bitfinex report to Craig Wright’s attacks that accused Bitfinex and Tether of bitcoin price manipulation.

Source: COIN360.com

The first half of 2019 is starting to end up anyway in profit after the two semesters of 2018 closed in negative. In May bitcoin scored a 53% rise and if prices had managed to stay above the $8,900 threshold and had not fallen instead, it would have been the best bullish month with a +60%, the best month since 2013.

Among the best of the day stands out the rise of Cosmos (ATOM) that updates the highs of 2019 to a step from $7 dollars, now to $6.89 dollars. ATOM just over a month after the launch on April 29, and after a turbulent period that saw prices fall from $ 4.5 to $ 3.5 in 10 days, to date the rise has seen the prices double.

Tron chart by Tradingview

Among the worst descents of the day is Tron, like BitTorrent: both lost about 7%. It is particular the decline of Tron a few hours after the expected announcement of Justin Sun that in recent days via Twitter has anticipated extraordinary news for the network Tron, most likely related to the BitTorrent token.

The launch of the EOS social network, on the other hand, is causing its own prices to suffer, now below the threshold of $7.5 dollars; EOS loses the 5th position that is taken with force by Litecoin, which returns above the threshold of $110 dollars.

As far as capitalisation is concerned, it continues to fluctuate around $280 billion dollars. The dominance of the first three remains unchanged, with bitcoins at 56%.

Bitcoin chart by Tradingview

Bitcoin price (BTC) today

Bitcoin, after having missed the breakthrough of $9,000 dollars last Thursday, May 30th with the bullish extension that brought it to $9,100 and then sinking to $8000 dollars, now sees the prices fluctuate around $8,500 dollars, important quotation to understand the next movements.

It must be observed with attention to an eventual decrease towards $8.000 dollars. The $8,000 dollars have become the last base of support, but a break could push the prices to review area $7,500 and then the support of $7,000 dollars. A return to $8,900 dollars could instead give the necessary boost to bring prices to exceed $9,000 to $9,100 dollars.

Ethereum chart by Tradingview

Ethereum (ETH) price today

Ethereum saw the prices at the weekend remain in the $260 equilibrium area, with no particular operational indications. The signal that remains important is the holding of $225-$230 dollars.

Upwards, Ethereum could attract new positions with the breakup of $285.


Federico Izzi
Federico Izzi
Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".