Cryptocurrency Trading News: Bitcoin, Altcoins Stable; Ripple Rises Exponentially

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Cryptocurrency Trading News

ForexMinute.com – Last 24 hours can be called rather steadier if compared to the previous weeks debacles made at the cryptocurrency market. Although still the Bitcoin price is not in its comfortable zone, there is a positive market sentiment for the currency. At one point, there is the CEO of Chinese Bitcoin Exchange Huobi, Mr. Jun Du, who has injected confidence in the market by claiming to possibly combat PBOC pressure. And on the other hand, there is a remarkable survey conducted by Bitwage that says that 47% of Bitcoin companies are willing to pay employees in BTC.

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Although not these events, or any like them, is showing volatile in Bitcoin prices (in a good way). We also think it is rather best for this market to emerge gradually. With low prices, peoples who think that buying Bitcoin was far from their range, can simply buy them at the cheapest for now. Such investments are likely to happen during this period, which will add some more value to the Satoshi Nakamoto’s creation, and its inspirational versions like Litecoin, Dogecoin, and others as well.

While we are speaking too much of the future, it is time we cover the market performance in the last 24 hours. Like said, it is simply stable, with few major to minor hiccups. But in the end, Bitcoin, Litecoin, Dogecoin and other are seeing a satisfactory jump in the last 24 hours. Meanwhile, Ripple has once again make its position noteworthy by rising around 20% in the last 24 hours, following the news of renowned bank Fidor accepting its protocol.

Here is the full report:

BTC/USD
The BTC/USD opened yesterday at $431.742 and closed at $430.064. During this period, the pair rise to the peak value of $433.655 and also fell to as low as a $423. Before falling, the pair was actually showing an uptrend, amidst the few positive updates from the market. It although fell considerably in the latter hours – maybe because of growing regulatory pressures – but rose sharply once again to close on a comfortable number.

At the time of writing, the BTC/USD pair is trading at around $430.30 and has risen around 1% since the start of today’s trading hours.

Litecoin, Dogecoin Improves Impressively
The LTC/USD opened yesterday at $10.214 and closed at $10.408, amidst which it faced a critical fall and exponential rise within a matter of hours. The fall and rise was quite like Bitcoin, but in this case Litecoin actually jumped than its earlier stable value. At the time of writing, the pair is trading at around $10.39.

Similarly, the DOGE/USD pair has risen over 3% in the last 24 hours and is now trading at around $0.000459.

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com

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