Cryptocurrency Trading News: Bitcoin, Nxt Recovering Steadily; Darkcoin, Litecoin Fall A little

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ForexMinute.com – Last 24 hours in the cryptocurrency market has been quite stable in comparison to what we saw last week. It is indeed the valuable explanation from GHash.IO that almost eliminated the Bitcoin community’s fear of a 51% attack. The impact of the news was clearly seen on the Bitcoin price as they finally showed some inclinations.

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After falling a little yesterday, even Nxt was in the mood for some repair as its value rose 1.5% in the last 24 hours. Mostly the stability in Nxt price charts is because of its integration into the famous payment processing platform GoCoin. This whole event has opened an altogether different direction for the coin and its community and has been further supplemented by some really great marketing strategies such as the launch of a new Nxt Café, monetary system, and soon-to-release white paper as well.

On the flip side, we had Litecoin, Darkcoin and Dogecoin that fell slightly during the previous hours. While Darkcoin suffered majorly because of a reportedly dysfunctional masternode that, for some time, kept miners away from their jobs, Litecoin and Dogecoin‘s fall were so negligible that might have been caused even by some unworthy event.

Here is the full report:

BTC/USD
The BTC/USD pair opened yesterday around $600 and picked up momentum in following hours, showing a smooth and stable uptrend. It never got disturbed by any pessimistic event, and eventually closed around $612.

At present, the pair is now being valued at around $610 and has risen 1.23%.

LTC/USD
The pessimism around Litecoin seems to have faded like as that of Bitcoin. We have already noticed how the LTC/USD pair has stayed close with the Bitcoin charts and replicated its performances as well. The same is happening even now, when we see how the pair opened yesterday around $9.6, and fell in the following hour, eventually finding support at $9.5. It thus again picked up, reacting to the GHash.IO statement, and trended upwards thereon, eventually closing at $9.66 at the end of the day.

At this time of writing, the LTC/USD is valued at $9.64 and has fallen just 0.65% in last 24 hours.

DRK/USD
Ahead of its much awaited hardfork on June 20th, the DRK/USD prices are somewhat stable than its once-volatile mode. Although in last 24 hours, the pair has fallen over 2% because of the aforementioned reason. Another reason why Darkcoin has lumped might be the fear its miners have from the hardfork. They must be unsure of its successful implementation as Darkcoin was failed the last time; thus, the low optimism towards the coin’s market as well.

As per now, the DRK/USD is being valued at $10.04.

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

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