Crypto Market Update: Focus on BTC, XRP, BCH, BNB, DASH, and ETC

Siamak Masnavi

This article provides a quick overview of how the crypto markets have been doing—with the focus on Bitcoin (BTC), XRP, Bitcoin Cash (BCH), Binance Coin (BNB), Dash (DASH), and Ethereum Classic (ETC)—over the past 24-hour period.

Bitcoin (BTC)

BTC-USD 24 Hour Chart on 13 Sep 2019.png

As you can see in the price chart below, since September 2, Bitcoin has been trading between $10,000 and $10,900, and at press time, it is trading around $10,300. It seems like Bitcoin needs a major positive catalyst for the price to climb above the $11,000 mark. The opening of the Bakkt Warehouse on September 6, sadly, made no difference to the price of Bitcoin, but the launch of future trading on the Bakkt platform on September 23, especially if there is significant trading volume, might make a positive impact.

XRP

XRP-USD 24 Hour Chart on 13 Sep 2019.png

Ripple CEO Brad Garlinghouse gave an interview to CNN on September 12 during which he was asked about allegations that Ripple is dumping XRP on the market. He replied:

In the XRP community, Ripple is the largest owner, and we are the most interested party in the success of the XRP ecosystem... We are clearly interested in a healthy, successful XRP ecosystem, and we would never do that.

Bitcoin Cash (BCH)

BCH-USD 24 Hour Chart on 13 Sep 2019.png

On September 12, in an interview with Bloomberg, David Shin, the head of the exchange division of Bitcoin.com, the main company promoting/supporting Bitcoin Cash (BCH), mentioned that Bitcoin.com is planning to get BCH futures listed on a CFTC-regulated crypto derivatives exchange such as the CME. However, the lack of substance in this news means that BCH has not received any kind of boost so far.

Binance Coin (BNB)

BNB-USD 24 Hour Chart on 13 Sep 2019.png

On September 10, Binance announced that futures platform A had won the competition and thereby had become the official Binance Futures platform. Two days later, Binance announced that Binance Futures would go live at 04:00 UTC on September 13.

Dash (DASH)

DASH-USD 24 Hour Chart on 13 Sep 2019.png

DASH is enjoying a 9% price surge today probably due to the news that it will be listed on Coinbase Pro on September 16 (with trading become available possibly as early as September 17).

Ethereum Classic (ETC)

ETC-USD 24 Hour Chart on 13 Sep 2019.png

Ethereum Classic's "Atlantis" hard fork event took place on September 12 without any problems. 

Yaz Khoury, ETC Cooperative's Director of Developer Advocacy, took to Twitter to congratulate everyone connected with the project:

 

Featured Image Credit: Photo via Pixabay.com