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November 2, 2026
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Capitalizations Index – B ∞/21M

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Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

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Crypto Market Update: Litecoin (LTC), bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points

The total crypto market cap extended declines and tested the $102.00B level.
Litecoin (LTC) price is struggling below the $30 resistance, with a bearish angle.
bitcoin cash price is currently consolidating near the $100 level.
Tron (TRX) is currently flat near the $0.0132 level, with range moves.
Cardano (ADA) price declined below the $0.0300 support level.

bitcoin cash traded above $100 and it is currently consolidating. Litecoin (LTC), Tron (TRX) and Cardano (ADA) remain in a bearish zone, with chances of more losses.

bitcoin Cash Price Analysis

bitcoin cash price managed to move back above the $100 level recently, but it facing a lot of hurdles near the $105 and $110 levels. If BCH/USD continues to struggle to climb above $110, there could be a fresh decline below $100 and $95 in the near term.

The key support is at $92, below which the price slide towards $85. On the upside, the price must break the $105 and $110 resistance levels to move into a positive zone.

Litecoin (LTC), Tron (TRX) and ADA Price Analysis

Litecoin price faced a lot of selling interest near the $30 and $28 levels recently. LTC declined and traded close to the $20 support area. The price is currently consolidating above $22 and it may perhaps correct higher towards $26 or $28.

During the past two days, there were only range moves above the $0.0130 level in tron price. On the upside, the price seems to be struggling to clear the $0.0135 and $0.0140 resistance levels.

Cardano price faced an increased selling pressure and declined below the $0.0300 support. ADA is down around 2% and it seems like the price may decline further towards the $0.0285 or $0.0280 support.

Cryptoc market cap total

Looking at the total cryptocurrency market cap hourly chart, there was a downside extension below the $105.00B support. The market cap tested the $102.00B support zone and it is currently in a range. On the upside, there are many resistances near $105.00B and a bearish trend line. Therefore, upsides are likely to remain capped in Bitcoin, Ethereum, neo, litecoin, ripple, and other altcoins in the near term.

The post Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.

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Chinese Bitcoin Miners are Closing Shop in Fear of Future Clampdown

Chinese bitcoin miners are deliberately shutting down operations due to worries over future regulatory pressure.

Chinese Abandoning ‘Legal’ Mining

As the traders begin withdrawing BTC under new laws, mining farms in the country’s Szechuan province are concerned a lack of rules for them might lead to repercussions.

“bitcoin regulation that the central bank conducted mainly focused on financing and leveraging trading among platforms,” Zhang Jun, a senior analyst at Tai Cloud Research Institute, told YiCai Global.

Mining online involves routine digital programming. It’s not illegal.

Such comments have been insufficient to quell fears among miners themselves, it appears, with an “insider” telling the publication that shutting down shop means they miss out on a golden opportunity.

High Prices Mean Big Losses

Szechuan’s hydroelectric power is some of the cheapest in the world, while the high price of bitcoin and associated fees mean it is more profitable than ever to mine bitcoin on a major scale.

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“The southwestern region has abundant hydropower resources,” the source said, “so electricity costs about half the price during the wet season. It’s hard to imagine why any mine would want to relocate now.”

“The price is so high at the moment,” a local mine manager added.

Shutting down costs mine owners hundreds of thousands of yuan every day.

Chinese trading activity has added several hundred dollars to the average price of a bitcoin in the last 24 hours.

As traders flock to take advantage of newly enshrined exchange rules, it is clear that those left out of authorities’ latest deal are fearing the worst.

The Grass Is Not Greener

A local authority spokesman could only offer confirmation that “bitcoin mines are not introduced by the government” and that “mining is carried out by companies of their own accord.”

Yet the situation in China is a further shake-up of the mining landscape. Other locations where electricity is cheap but conditions harsh include South America, where several instances of criminal repercussions for miners have surfaced this year.

Venezuelan and most recently Bolivian police have arrested parties known to have mined bitcoin on charges ranging from draining the national grid to propagating “pyramid schemes.”

No further information has yet been received from Chinese lawmakers with regard to the practice.

What do you think about the problems faced by Chinese miners? Let us know in the comments below!

Images courtesy of

The post Chinese Bitcoin Miners are Closing Shop in Fear of Future Clampdown appeared first on Bitcoinist.com.

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