FXStreet’s Top Crypto News of the Week

Here’s a roundup of some of the top crypto news stories from FXStreet this week.

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Bitcoin Breaks Below $8,000 as Top Altcoins Shed Over 10%

Bitcoin slid below the $8,000 support area against the US Dollar. BTC is currently consolidating near the $7,850 level and it could resume its decline.
Ethereum extended its decline below the key $200.00 support area. XRP price is currently struggling to stay above the $0.2200 and $0.2240 support levels.
Litecoin is down about 12% and it even broke the key $50.00 support area. BCHSV price declined sharply after it broke the $200.00 support area.
BNB price trimmed most of its recent gains and declined below $23.20. EOS extended its decline below the key $3.650 and $3.600 support levels.”

Binance CEO: Bitcoin Will Remain the Dominant Crypto

Binance CEO Changpeng Zhao believes that even though other cryptocurrencies may surpass bitcoin in terms of technology, the original cryptocurrency will remain the most dominant in the space. In an interview with Bloomberg, CZ (as he is commonly known) said that he does not see any cryptocurrency taking over bitcoin’s position as the most dominant coin in the near future.

CZ’s comments come as bitcoin’s market dominance has been declining in recent months. At one point, BTC made up over 80% of the entire cryptocurrency market, but it has since fallen to below 50%. This decline has coincided with a surge in altcoins, which have been benefitting from increased interest from both retail and institutional investors.

Despite CZ’s positive remarks on bitcoin, he did caution that the cryptocurrency market is still in a “very early stage” and that it is difficult to predict which coins will be successful in the long-term. Binance, one of the world’s largest cryptocurrency exchanges, offers trading in over 100 different digital assets.

Ethereum’s Constantinople Hard Fork Delayed Again

Ethereum’s Constantinople hard fork has been delayed again due to potential security issues. The fork was originally supposed to happen at the end of January but was postponed due to an unforeseen issue with one of the proposed upgrades. It was then rescheduled for February 27th, but has now been pushed back again.

The mainnet fork will now happen at block 7,080,000, which is expected to be mined on March 1st. This is the second time the fork has been delayed, and it is not yet clear if there will be any further delays.

The Constantinople hard fork includes several upgrades to Ethereum, including reducing the block reward from 3 ETH to 2 ETH. It also implements a number of performance and security improvements.

Bitcoin SV Surges Over 30% as Hard Fork Approaches

Bitcoin SV is up over 30% this week as the hard fork approaches. The fork is set to take place on November 15th and will result in two different versions of Bitcoin SV. The fork is being led by Craig Wright, who claims to be the real Satoshi Nakamoto.

Litecoin Price Jumps 20% as LTC/USD Approaches $60

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Top Crypto News of the Week FXStreet’s Top Crypto News of the Week 1 Litecoin Price Jumps 20% as LTC/USD Approaches $60 2 Bitcoin Price (BTC) Could Correct Lower Towards $16,000’s, Says Peter Brandsen 3

4: Altcoins are Stealing Bitcoin’s Flash this Week as BTC Consolidates Above $34K :

” target=”_self”>ETH 2.0 Deposit Contract Now Has Over 300K ETH as Testnet Launch Nears, Says Ethereum Foundation Researcher Danny Ryan

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