Cryptocurrency Trading News: Market in Month’s Best Phase

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Cryptocurrency Trading News

ForexMinute.com – Last 24 hours is by far the best 24 hours that happened to the cryptocurrency market since the PBOC blunder. The positive sentiment towards Bitcoin and the rapidly emerging Darkcoin can be considered as the source of the rise the market has seen lately.

Yesterday we saw how a reputed trust predicted Bitcoin to soon overtake PayPal transaction volumes, before which the coin was already booming thanks to the success of Amsterdam’s Bitcoin Summit. On the other hand, Darkcoin was continuing to impress the investors’ fantasies, which further got proved when the coin surged to the third position by its market cap, beating Peercoin, Nxt and Dogecoin.

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Bitcoin and Darkcoin are indeed the two sides of a same ‘coin’ – each surging because of its own uniqueness. The impact of both coins were clearly seen in other altcoins as well, with Litecoin, Dogecoin, Peercoin, and Nxt surging impressively in last 24 hours as well. A special mention is also reserved for BlackCoin for seeing the maximum jump soon after a set of announcement made by its creators (see here) that injected confidence in the investors’ conscience.

Here is the detailed report:

BTC/USD
Giveaways planned, transaction volumes expected to rise, and everything positive happened for Bitcoin in last 24 hours that eventually influenced its chart against the US Dollar. Opened yesterday at around $520, the BTC/USD traded smoothly throughout the initial hours and stayed between $518 and $523. The actual surge however was seen after the prediction made by Hedge Fund Laureate Trust that predicted Bitcoin volume transaction to soon cross the ones of PayPal. Following the news, the BTC/USD saw a quick jump, in between it closed at around $525 yesterday, and is still rising further substantially.

At the current time of writing, the pair is being traded at $563, rising almost 9% in last 24 hours.

Litecoin, Dogecoin Increases as Well
Following the Bitcoin’s tail, Litecoin and Dogecoin have also surged impressively in the last 24 hours. While the LTC/USD has risen around 4%, reaching to $11.50, the DOGE/USD too has jumped 4.5% to the trading position of $0.000437.

Darkcoin Beats Peercoin in Market Cap; Surges to Third Position
Indeed the most impressive coin of last week, Darkcoin continued to make it presence felt among the biggies when it beat Peercoin, Dogecoin and Nxt in terms of market cap. Also, the DRK/USD also surged 5.5% in last 24 hours, making its trading value reaching to around $13.5. It is expected to remain stable throughout today as well.

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

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