Cryptocurrency Trading News: Bitcoin Stable; Darkcoin Falling Violently; Ripple Surging Impressively

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Cryptocurrency Trading News

ForexMinute.com – The king of yesterday seems like the pitiable of today, as Darkcoin – the coin that was celebrated for its sky-loving escalation in recent days – is now faced with Jupiter’s gravity all of a sudden, and is falling massively from the last 24 hours. Meanwhile, the true king of cryptocurrency Bitcoin was being traded comfortably in those hours, and stayed quite away from its famous ‘volatile’ traits, as not expected.

There were actually many events to support Bitcoin prices for the whole day; for instance: Overstocking providing financial reports indicating the high usage of Bitcoin; new security tool launched by Coinbase; and also the depleting impacts of ‘The Willy Report’ which unexpectedly wasn’t discussed on a much larger scale.

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As a result, Bitcoin charts avoided any kind of adventure in last 24 hours that further inspired the charts of Litecoin and Dogecoin. The most adventurous jump, on the other hand, was reserved for Ripple whose price rose over 18% in last 24 hours. The reason for such an optimistically volatile performance was the recent donation of 7 billion XRP done by Ripple CEO Chris Larsen.

Here is the full report:

BTC/USD
The BTC/USD opened yesterday $562.215, and soon trended upwards in the following hours – reaching to its day’s peak value $578.043. The pair although went during the late sessions, after the Polis Tax Authorities, announced to put 23% VAT on Bitcoin mining profits, and eventually closed at around $571.915.

At this time of writing, the BTC/USD is currently trading at around $573.91 and has increased 1.18% in last 24 hours.

LTC/USD, DOGE/USD and DRK/USD
Almost copying the BTC/USD charts in initial trading sessions yesterday, the LTC/USD opened comfortably around $11.168 and rose impressive in the following hours – reaching to the peak value of 11.298. The pair though fell inthe  late session and closed around 11.162 at the end of the day. Currently, it is being priced at 11.06 and has fallen around 1.12% in last 24 hours.

Similarly, the DOGE/USD fell 0.17% in last 24 hours and is currently being traded at $0.000402.

Darkcoin, as mentioned at the start of this article, was the biggest loser in last 24 hours, with the DRK/USD dropping around 11%. The pair opened yesterday at $10.193 and soon showed a massive downfall in the following hours. It found support at around 8.445, the time when Darkcoin team released a document saying they have resolved the network forking issue. The price then picked up once again and increased to be traded around at 11.31 – the day’s peak. At the end of the day, the DRK/USD was being traded at $10.468.

At this time of writing, Darkcoin is again showing signs of a massive downfall – maybe because more and more investors are leaving the market by selling their coins. The current pair price is $9.37.

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

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