Cryptocurrency Trading News: Bitcoin, Litecoin, Dogecoin Surges, Darkcoin Rockets

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Cryptocurrency Trading News

ForexMinute.com – Last 24 hours have been quite impressive in the cryptocurrency market, as eight-out-of-ten coins have surged impressively ahead of the upcoming Bitcoin summit in Amsterdam. With Bitcoin rising around 1% and leaving the PBOC ghost behind, other coins like Litecoin, Dogecoin, etc. have also tailed the Satoshi Nakamoto masterpiece performance in previous hours.

But the most rocking performance is credited to Darkcoin, whose value has rocketed around 66% in last 24 hours. The coin’s exponential rise is originated from the recent update of its system Darksend that have ensured 100% anonymity in transactions.

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The updated version is called Release Candidate 2 (or RC2) which is made to split the payments in smaller denominations. The smaller subsets will be injected inside the pools where other transactions of other users will also be available. The receiver will then be able to draw the correct amount from those pools, without letting the watchdogs know who paid who; hence the ensured privacy.

The Darkcoin is currently trading at around $4.70, with its last known minimal value being $2.161, recorded during the trading hours of May 12.

Meanwhile, here is the report of other cryptocurrencies:

BTC/USD
The BTC/USD is right now on an uptrend spree. The pair yesterday opened at around $443.186, and trended upward in the following hours, eventually closing at around $444.600 after hitting the peak of $445 right before the end of the day. The Bitcoin market is hoping to impress further today, as the sentiment towards Bitcoin is fruitful thanks to the possibility of PayPal adding its services in the near future. Read here to know more about it.

As the time of writing, the BTC/USD is being traded at around $448.68 and has risen almost 1.5% in the last 24 hours.

Litecoin, Dogecoin Surges as Well
The launch of a new Litecoin exchange, and the support from Coinlock were the biggest news for Litecoin yesterday that helped its prices surge a little in the last 24 hours. The LTC/USD was although performing impressively under the influence of Bitcoin charts. The pair closed yesterday at around $10.442, after being stable for the whole day. It is now being traded at around $10.53.

Similarly, the DOGE/USD has risen 1.44% in last 24 hours and is currently trading at around $0.000462.

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

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