Cryptocurrency Trading News: Bitcoin Recovers; Litecoin, Dogecoin Stable

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Cryptocurrency Trading News

ForexMinute.com – Cryptocurrency market starts this week on a positive note, after facing a few debacles last week owing to events that contributed to negative market sentiment generated after the FXBTC shutdown. Despite recovering well until hitting Friday’s closing hours, the low trading weekend caused a downtrend in the market. But upon entering this week, the market is once again showing the sign of positivity and rising comfortably since the opening of today’s trading hours.

Here is the overall look:

BTC/USD
The BTC/USD opened yesterday at around $441 but dropped heavily during the following hours and closed at around $430 at the end of the day. But following the news of an Australian company investing around $30 million in the country’s first Bitcoin Investment Fund, the BTC/USD price is showing an impressive uptrend. However, the pair has previously been dancing around the $440 mark, it is tough to predict if it will stay intact at the same place for so long. BTC/USD at this time is nothing but a roller coaster ride with its own up and down slopes.

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Currently at the time of writing, the pair is trading at around $435.

Litecoin, Dogecoin, Peercoin Stable with Few Hiccups
Top altcoins have been less volatile in last 24 hours and is further trading smoothly with little hiccups. While the LTC/USD closed yesterday at around $10.246, its current price has risen a bit to $10.32. Similarly, the PEER/USD closed yesterday at around $2.053, but is now surged to $2.101.

On the other hand, the DOGE/USD is the only altcoin to replicate Bitcoin’s chart in last 24 hours. The pair opened yesterday around $0.00046619, but fell to around $0.00045336 in the span of 24 hours. Today however, the pair is rising comfortably, with touching the peak value of $0.00047233. At this time of writing, the DOGE/USD is trading at around $0.00046992.

We will keep you updated with the cryptocurrency market reports.

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

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