Cryptocurrency Trading News: Market Rises Substantially Ahead of Weekend

0
146

Cryptocurrency vector icons

ForexMinute.com – Last 24 hours in cryptocurrency market have been excellent as every top coin showed nominal-to-major growth in their market cap. While Bitcoin remained steady as usual with no dramatic rise, altcoins including Litecoin, Dogecoin and Peercoin showed signs of price rebound after a series of falls in recent days.

However, the best performers of last 24 hours were Darkcoin and Ripple, which continued to stay in their rising spree. Ripple, which was even rising in times of a market breakdown stayed on top in previous hours as well – the reason of which may be the increasing interests of top businesses in Bitcoin economy, saw extensive surges in last 24 hours as well. Darkcoin market, meanwhile, has been injected with optimism originated from the development updates presented by the coin core’s developer EDDUFIELD.

**relatedarticle**

Although another clear reason of the aforementioned inflations can also be the buying pressure on investors. For instance, Litecoin charts have been early predicted to rise upon reaching a bottom line; and in last 24 hours, the price almost picked momentum hastily, indicating that the short-term profiteers are re-entering the market. Similarly with Dogecoin, whose price surged over 6% in last 24 hours, has again indicated a buying spree. This is further supported by the coin’s block halvening that might have reduced the supply of Dogecoin in the market.

Here is the full report:

BTC/USD
The BTC/USD opened yesterday at around $616 and stayed steady in the next few hours. However, it met with a certain drop right before noon, and went down to $608. It was an unusual trend, as the price almost picked again, this time massively and returned with a $16 rise. Thereafter, the BTC/USD traded almost smoothly, and eventually closed at $622.

The pair is trading with the same trend even today, and has risen over 1.5% in last 24 hours. Its price at press time is $623.

LTC/BTC
The LTC/BTC once again went in sync with the Bitcoin charts, at least after the noon trading hours. It opened yesterday at around 0.01346400 BTC and stepped up comfortably in later hours. Although, the pair didn’t fell massively like Bitcoin’s, but indeed rose sharply after the noon. It eventually closed at around 0.01385580.

At press time, the LTC/BTC has increased over 6% in last24 hours and is currently trading at 0.0140618 BTC.

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

Subscribe to our daily forex newsletter for free by visiting www.forexminute.com/newsletter