Cryptocurrency Trading News: Bitcoin, Litecoin, Dogecoin Recover; Auroracoin Follows

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Cryptocurrency Trading News

ForexMinute.com – Last 24 hours has shown some progress in the cryptocurrency market, as every currency inthe  top ten has seen a modest rise in their values. Unlike the previous day, in which every altcoin fell massively due to the PBOC’s decision to freeze the bank accounts of Chinese Bitcoin and altcoin exchanges, the cryptocurrency market seems to have regained with the confidence of investors.

BTC/USD
The currency value of the BTC/USD is although at its low, at 436.46, but has shown a significant improvement in the last 24 hours – rising around 5%. There were some enthusiastic words by the Xapo founder and CEO, Wences Casares who predicted that Bitcoin could be worth $1m in a decade. In other news, Chicago Sun Times revealed their love for the digital currency and announced to accept it as payment for their timely subscriptions.

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But they were indeed not enough to regain investors’ confidence as much. Around 0000 UTC today, the BTC/USD pair was trading at its three-month low, around 419. The following hour though showed some progress in its value, with the pair’s value even reaching to the modest $445. But since then, BTC/USD value is gradually declining, and is currently trading at 433.18.

LTC/USD
Like every time, the LTC/USD is tailing the Bitcoin graph and is likewise showing modest improvements. Between the trading hours of April 2 and 3, the former reached to the peak value of 13.298; but also fell massively to its lowest at 10.353. Meanwhile, it is showing the slightest improvements and the pair has risen around 5.5% in the last six hours, trading at 10.87 at the time of writing.

It is impossible to predict an uptrend as per now, but Litecoin may get a little boost as KnCMiner has reportedly announced to introduce Litecoin payment options to its services. With its mining hardware already receiving high pre-sale orders, it would impact the LTC/USD prices optimistically.

Dogecoin is the Clear Winner
Having being accepted as one of the payment methods at world’s renowned cryptocurrency-based ecommerce store Bitcoin Shop, Dogecoin has shown the maximum improvement if compared to the its previous day’s debacle. The DOGE/USD pair has risen almost over 17% in the last 24 hours, with its peak value at 0.00045662. It is still quite a win as the pair fell to its lowest upon entering today’s trading hours, almost 0.0003.

But on a good note, its value is looking steady at this moment and is hoping to be non-volatile for the rest of the day.

Auroracoin Recovers a Bit, Finally!
After downtrending for over a week, Auroracoin finally received a positive market sentiment as its value increased by marginal 4.48% in the last 24 hours. The AUR/USD is currently trading at 2.204 and is hoped to remain steady throughout the day, with little hiccups expected.

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