As of 11:00 (UTC) on July 18, the global index of Bitcoin (BTC) price swings above the $9,800 level, marking $9,862.45. It has registered an increase of 5.34% in the past 24 hours.
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with seven indicators sending out a selling signal, six showing a neutral signal, and five indicating a buying signal.
The broad market still shows an uptrend, with 93 out of Top 100 cryptos by market cap rising.
The global market cap reads $269.24 billion, and the 24-hour trading volume is $81.43 billion.
Major Coins
1. BTC quotes show 9,817.51 USDT on Binance, $9,819.70 on Bitfinex and $9,840.58 on Coinbase Pro;
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $216.53 (+8.61%); XRP marks $0.3179 (+6.58%); LTC marks $92.84 (+17.79%); BCH marks $298.65 (+5.21%); EOS marks $3.94 (+7.83%); ETC marks $5.74 (+6.54%).
Top 3 Gainers and Losers in Cryptocurrencies
1. Top 3 gainers among Top 100 cryptocurrencies by market cap: EGT (+38.10%), NANO (+26.70%), and LINK (+22.40%);
2. Top 3 losers among Top 100 cryptocurrencies by market cap: ABBC (-8.05%), JCT (-4.80%), and LAMB (-4.32%).
Top 3 Gainers and Losers in Categories
1. Top 3 gainers among 24 categories: Side Chain Concept (+22.60%), DAG Technology (+22.40%), and Contract Tools (+19.34%);
2. No losers among 24 categories.
Cap Flows of Coins/Exchanges
1. Top 3 capital inflows within the last 24 hours: BTC (+$533.18 mln), DASH (+$230.37 mln), and XMR (+$72.28 mln);
2. Top 3 capital outflows within the last 24 hours: PAX (-$22.97 mln), ETM (-$22.57 mln), and TUSD (-$12.34 mln);
3. Net inflows/outflows of exchanges: Binance (+$10.95 mln), Bitfinex (+$8.43 mln), and Coinbase Pro (+$33.23 mln).

Citing the official release, AOFEX will enable the deposit of MANA, ELF, LRC, LOOM, and DGD at 02:00 UTC on July 19. The trading pairs of above-mentioned cryptocurrencies against BTC will be launched on the platform at 04:00 on July 19. The withdrawal will be available at 06:00 on July 19.

Monitored by CoinNess.com, from 00:00 to 10:00 (UTC) on July 18, BTC registered a net inflow of more than $12 million in the past 10 hours.
1. The Top 3 net cap inflows in the crypto market are: BTC (+$12.06 mln), ETH (+$11.95 mln), BNB (+$8.09 mln);
2. The Top 3 net cap outflows in the crypto market are: EOS (-$4.55 mln), ETC (-$2.25 mln), OKB (-$1.67 mln).
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French Finance Minister Bruno Le Maire expressed the opinion, "The overall mood around the table was clearly one of important concerns about the recent Libra announcements, and a shared view that action is needed urgently."

According to the analysis by popular trader Filb Filb, midterm action of Bitcoin is most likely coming from Bitcoin miners who are selling their mined coins, which can be seen with 12.5 BTC sell orders (i.e. the current mining reward per block, which in May 2020 will decrease to 6.25 BTC).
Filb Filb theorizes that the miners may have been contracting their selling pre-halving to create new a halving bubble, which would present a supply shortage and the opportunity to maximize their realizable revenue per unit. They will then defend the new cost of production or double that of the previous at the $6,500 Bitcoin price level.

Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue concluded.
The taskforce, chaired by European Central Bank board member Benoit Coeure, found stablecoins can bring down the cost of remittances and forms of payment, helping poorer people who can ill afford financial services.

Ripple CEO Brad Garlinghouse expressed his views on Libra, regulators, and the future of digital economy through a thread of tweets. He stated, "I'm heartened by the (largely) thoughtful dialogue from this week's congressional hearings on @Libra_ . Committee members are supportive of blockchain and payments innovation in the U.S., but skeptical that Facebook is the right steward given the history of broken trust."
Click 'Read More' for details.

Group of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, July 17, insisting tough regulatory problems would have to be worked out first.
The massive social media company's plan to launch a digital coin has met with a chorus from regulators, central bankers and governments saying it must respect anti-money-laundering rules and ensure the security of transactions and user data. But there are also deeper concerns that the powers of big tech companies increasingly encroach on areas belonging to governments, like issuing currency.
"The sovereignty of nations cannot be jeopardized," French Finance Minister Bruno Le Maire told journalists after chairing the first day of the two-day meeting.

The head of strategic investments for investment bank UBS AG, Hyder Jaffrey, compared blockchain technology to a big bang. He states that the potential of blockchain technology could take around three to five years to realize as it entails "a transformation of the market."

As of 09:46 (UTC) on July 18, Coinhills statistics show that the US Dollar remains the most traded national currency for Bitcoin with a market share of 71.91%, followed by the Japanese Yen (19.29%), the Korean Won (4.88%), the Euro (2.10%) and the British Pound (0.55%).

Citing data by DApp Review, as of 09:00 on July 18 (UTC), there are 1,840 ETH DApps, 573 EOS DApps, 515 TRON DApps, and 27 IOST DApps.
1. Top 3 ETH DApps by user volume in the past 24 hours are: ARINA LAND TYCOON (2,989), My Crypto Heroes (2,740), and SuperPlayer (1,082).
2. Top 3 EOS DApps by user volume in the past 24 hours are: Endless Game (33,800), hashbaby (32,664), and WhaleEx (11,296).
3. Top 3 TRON DApps by user volume in the past 24 hours are: LIMITLESS (TRON) (14,376), PLAYFUN (TRON) (6,899), and TRONWIN (4,019).
4. Top 3 IOST DApps by user volume in the past 24 hours are: Endless Game IOST (10,260), IOSTPlay (1,261), and IOSTWIN (864).
5. New DApps: ETH DApps (3); EOS DApps (0); TRON DApps (3); IOST DApps (0).

In a video, Juan Llanos, the former fintech and regtech lead at ConsenSys and a legal advisor to the Bitcoin Foundation, explores the things that Libra will potentially change. He says that Facebook has essentially sewn up the payments market for years to come and warns startups to focus on exchanging currencies and creating wallets to support other currencies.
"When Libra was announced mid-June … the first thing that came to mind after reading the White Paper, obviously, is that the payments use case is already theirs," he said.

As of press time, the BHEX platform token BHT reached its three-month highest point at $0.0826, increasing by 89.12% within the period of 24 hours. BHEX is conducting a voting program of the BHT token mechanism upgrade. According to the official website, the voting content states that BHEX would like to use 80% of its profit to buyback and burn BHT quarterly until 50% of the 2.1 billion BHT issued are burned. The remaining 1.05 billion BHT will be used to support business within the ecosystem. BHT holders can vote to upgrade the BHT token mechanism. If the number of votes exceeds 50%, then the upgrade will be executed. Voting time is from 07:00 on July 17 to 07:00 UTC on July 21.
BHT holders are able to vote through the BHEX official website.

According to the analysis of Aayush Jindal, the EOS price failed to surpass the key $6.40 resistance area and declined recently against the US Dollar. The price is down more than 8% on May 23 and it recently broke the key $6.22 support area.
There was a break below a major bullish trend line with support near $6.200 on the 4-hour chart of the EOS/USD pair (data feed from Binance). The pair is now trading below $6.00 and it could head towards the $5.50 support area.

Infura, a ConsenSys-owned provider of Ethereum infrastructure for building decentralized applications (DApps), has launched three new services with "enhanced" features.
The firm announced the news on July 18, saying that its "Infura+" package includes three subscription-based services - Developer, Team and Growth - for blockchain developers to build DApps of "all sizes" on the Ethereum network.

According to the official release, Binance's Margin Trading platform has added some assets and trading pairs:
New Margin Assets: EOS, LINK
New Borrowable Assets: BNB, EOS, LINK
New Margin Pairs: EOS/USDT, EOS/BTC, LINK/USDT, LINK/BTC
Click 'Read More' for a list of all supported assets and trading pairs for margin trading.

On July 18, two China-based leading public chains NEO and Ontology announced their partnership, making efforts to build an open, cross-chain platform and forge a next-generation Internet infrastructure. The cooperation will bring advantages of two parties together, and launch an efficient and inclusive interoperability protocol, which is featured with friendly ecosystem, low threshold, atomic transaction, and strengthened security. The white paper of this protocol will be released in Q3 2019, while the platform is going to be launched in Q4 2019.
The partnership will become a milestone for the entire industry. NEO and Ontology will join hands to build a next-generation Internet, realizing a smart economy and serving more physical industries.

According to the analysis of Aayush Jindal, Litecoin (LTC) price declined heavily in the past few days below $100.00 and $90.00 against the US Dollar. LTC price even broke the $80.00 support level and traded close to the $76.50 level.
There are two key bearish trend lines forming with resistance near $94.00 and $111.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could struggle to climb above the $94.00-$95.00 resistance area in the near term.

According to the official announcement, due to the wallet maintenance, Huobi Global has now suspended the deposit and withdrawal of ZEC. Resumption will be made as soon as the maintenance is completed. The resumption time will be notified via further announcement.

According to a report from fintech research bureau, CB Insights, reported by Bloomberg on July 18, companies in the blockchain space are drawing in a lot less support in 2019.
To date, 227 investment deals have netted the space $784 million in funding. By December, should that momentum continue, the figure will total $1.6 billion. By contrast, in 2018, companies received $4.1 billion, meaning this year's number may represent a 61% reduction.

Citing the official release, in order to increase user experience and effectively control the risk of margin trading, Huobi Global has already adjusted the leverage of LTC/USDT margin trading to 4X, ETC/USDT and QTUM/USDT to 2X.

Blockchain.com co-founder Nicolas Cary remains optimistic about the future of digital currencies. Cary identified five key trends impacting the industry at the moment.
Click 'Read More' for his five crypto trends.

Litecoin is exploring to adopt the Mimble Wimble (MW) technology for the block expansion to ensure the safety of Litecoin, according to Charlie Lee, best known as the creator of Litecoin. "Bitcoin will hit record highs," he said in an interview.

Citing data from DApp Total, EOS had the best performance yesterday (July 17) in the number of daily active users among the four main public blockchains, i.e., Ethereum, EOS, IOST, and TRON, accounting for 54.81%.
1. User number: EOS (120,803) > TRON (62,883) > ETH (36,704) > IOST (12,361);
2. Transaction number: EOS (5,810,871) > TRON (1,508,477) > IOST (212,483) > ETH (120,318);
3. Trading volume: TRON ($47,962,651) > ETH ($28,595,309) > EOS ($8,021,336) > IOST ($240,965).
In addition, the top 3 DApps by user number across the EOS, TRON, IOST and Ethereum chains are: TronOscar (TRON), Hash Baby (EOS), and Endless Game (EOS); the top 3 DApps by transaction number across the EOS, TRON, IOST and Ethereum chains are: Hash Baby (EOS), TronOscar (TRON), and WIZZ NETWORK IO (EOS); the top 3 DApps by trading volume across the EOS, TRON, IOST and Ethereum chains are: TronOscar (TRON), LIMITLESS (ETH), and TRONbet (TRON).

The topic of "Libra will compete with Alipay and WeChat" is very hot among Chinese. Now the topic ranks the second place in the "hot searches list" of Weibo, one of the biggest social media platforms of China.

Citing data from Binance, Bitcoin, the world's most valuable cryptocurrency, has risen above the 9,800 USDT level and now is changing hands at 9,873.73 USDT with an increase of 3.32%.
According to the analysis by Miles W., the in-house cryptocurrency analyst at CoinNess.com, recent days have seen significant intraday fluctuations on account of the price plummet, with the size of the daily adjustment closing to or more than 10%. The dominant crypto registered a decrease of roughly 10% again yesterday (July 17), hitting a low point of $9,056 followed by a reversal to $9,950 (near the neckline level). The violent fluctuations indicate a fierce battle between bulls and bears.
According to the traditional experience, if the neckline is broken, BTC will rebound to touch it; but if the price fails to standing on that key line, the next drop could come at any time. Considering the trading volume during yesterday's rebound was still less than that during the period of the latest drop, this rebound is still weak. Even if the price crosses the neckline in a short time, the upward space may still be limited, and the future will be shrouded in the midst of uncertainty. .
The volatility, here refers to the standard deviation of daily returns for Bitcoin, could serve as a predictor in some way. The increasing volatility shows the potential benefits as well as the risks is magnifying. The maximum volatility of Bitcoin stood above 15% before 2014, whilst, it has been gradually stabilizing within a certain range after that year, nearing 7% in a 30-day period.
At present, the number reads 6.28%, approaching the upper limit of the historical range. The volatility is positively correlated with BTC price based on the analysis, especially after 2014. Generally speaking, the price will correspond to the peak and extreme value of volatility. It's worth noting that the price peak on June 26 didn't correspond to the high point of 30-day volatility that is still climbing up currently. That implies Bitcoin may meet its new highs and that Bitcoin volatility probably rises again after the recent correction.

Citing data from OnChainFX, Bitcoin has risen by 192% in 2019, which is still defeated by BNB (379%) and HT (292%).

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