Cryptocurrency Trading News: Bitcoin, Litecoin, Dogecoin Surge Imminent

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Cryptocurrency Trading News

ForexMinute.com – Last 24 hours have been somewhat satisfactory for the cryptocurrency market as major players like Bitcoin, Litecoin, Peercoin and Dogecoin remained unstirred throughout their trading hours – if tiny hiccups are ignored. It was also a good day for Bitcoin, event-wise, as renowned Atlas ATS announced to be regulated by The National Stock Exchange (NSE). More great news that came from the United States were NIA plans to invest a huge sum in Bitcoin companies, as indicated by SecondMarket CEO Barry Silbert.

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While the events were indeed great, its impact on the Bitcoin prices were minimal. It although still helped its price to rise a little bit in late trading hours yesterday. Here is the full report:

BTC/USD
After closing at around $490 on Tuesday, the BTC/USD chart displayed a slight downtrend upon entering yesterday’s trading hours, eventually reaching to its day’s lowest at $486.221. The aforementioned events injected a little confidence in the market, as the pair moved slightly upward at the end of yesterday’s trading hours, and eventually closed at around $490, proving Bitcoin’s stability for the day.

Today, the BTC/USD is hopeful to either remain steady or in fact, rise. Reason being the latest incoming reports in which Silk Road has claimed to have found a huge sum of lost Bitcoin, as well as eGifter having announced to offer a certain exemption to cryptocurrency users – the benefits of whom will also be shared by Litecoin and Dogecoin users. Let’s look at their performance in the last 24 hours as well.

Litecoin Replicates Bitcoin’s, Rises Only by Bits; Dogecoin Follows
The LTC/USD and DOGE/USD likewise Bitcoin remained steady throughout yesterday’s trading hours. The former pair closed at around $12.158 yesterday, rising minimally from its previous day’s value of $12.092, while the latter pair closed at around $0.0005745 after being closed at almost the same value on previous day.

As per now, the LTC/USD is trading at $12.01 and fallen slightly by 0.33%, while the DOGE/USD is trading at $0.00057 and has risen around 2% in early trading hours.

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

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  • Chapter2

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