Price Analysis Jan 17: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ETC, TRX

Most major cryptocurrencies have resumed their up move, which shows that the rally can extend for a few more days.

The total crypto market capitalization has risen from about $190.5 billion at the start of the year to over $243 billion. That is a rise of about 27.55% within 17 days. This shows that the bulls are back in action. Another interesting thing to note is that the rally is led by altcoins, which are outperforming Bitcoin (BTC) by a huge margin. This shows that the current rally is more broad-based, announcing the arrival of altseason. Read more

Bitcoin Price Rally to $9K in Danger as a Double Top Pattern Appears

The bullish momentum for Bitcoin price has slowed down, leading to what traders hope will be a brief period of consolidation.

Over the last few hours, Bitcoin price (BTC) swiftly dropped 3% from $8,863 to $8,557 and for the third time in 24 hours bulls were forced to defend the $8,600 support level, which has currently been bought into on each dip.  Read more

Team Behind Foin Token Scheme Explains Catastrophic Price Drop

The Foin project has released an official explanation of why its token tanked after the purported price pump.

The Foin project — which is behind the eponymous token that sunk following its supposed unlocking period at the beginning of January — has released an official explanation of the token’s tanking after the purported price pump. Read more

BSV Soars 95% Challenging Its Original Fork Bitcoin Cash for Top 5

As Bitcoin rallied to a multi-month high at $8,859, altcoins vigorously shook off their current malaise by posting double-digit gains, most notably, Bitcoin SV.

On Tuesday Bitcoin price (BTC) pushed through $8,600 and rallied all the way to $8,859 before taking what appears to be a breather near $8,750.  Read more