Cryptocurrency Trading News: Bitcoin Picks Momentum; Litecoin, Darkcoin Rockets

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Cryptocurrency Trading News

ForexMinute.com – Last 24 hours in the cryptocurrency market have been quite favorable to most of the top coins. With Bitcoin retaining its consolidation period, altcoins including Litecoin, BitSharesX, Peercoin, and Dogecoin have too picked pace in their market caps.

But indeed it was Darkcoin which played the show-stealer, by rising over 15% within just 24 hours. Such an immense jump coincides with an announcement the Darkcoin team made recently. It informed the growing community about the successful test results of RC5 – another Darkcoin client focusing on adding speed to the current Darksend version.

Dogecoin, on the other hand, also spiked to its intraday best, by rising over 9% within the last 24 hours. The jump came right ahead of its scheduled switch to AuxPoW this month. However, most people feel like that its market was immensely pumped to create a generous vibe before the scheduled merge mining.

Here is the full report:

BTC/USD
After facing a huge $53 fall this week, the BTC/USD once again attained a consolidating range, suggesting neither a bullish or bearish behavior. During the 9/3 trading hours, the BTC/USD opened at around 476 and closed near 477 at the end of the day. In-between, the pair saw a reasonable pump-and-dump as well, suggesting an attempt to drive the market towards another peak. But we have earlier seen the similar attempts, resulting eventually into failed trendlines.

In the meantime, the Bitcoin market further met some really optimistic news from around the world. The deal between two Indonesian businesses – one a Bitcoin exchange, and other a major department store – expanded digital currency’s reach to over 10,000 local stores. Other morale-boosting news included Google policy advisor and favoring Bitcoin and the launch of Crypto 2.0 to strengthen it.

At press time, the BTC/USD has jumped 0.42% in last 24 hours and is currently being priced at 482.56.

LTC/BTC
Finally, Litecoin has its own reasons to surge rather than just tailing Bitcoin’s neutral phase. In one of the biggest announcements, renowned travelling planning company Cheap Air announced that they will start accepting Litecoin as one of the payment methods. Following the announcement, the Litecoin market saw a reasonable positivity – something that was missing from a very long time.

The LTC/BTC opened at 0.01007240 while trading during the 9/3 sessions. It though remained in a stiff trading range upon finishing half the day, but rocketed right after the announcement made by Cheap Air, reaching 0.01070550 during present session.

At press time, the pair has surged 4.97% in last 24 hours and is now being traded at 0.01064390.

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

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