ForexMinute.com – The graphs continue to hate Bitcoin and its colleagues as only two out of ten cryptocurrencies were able to rise in the last 24 hours. Keeping the fortunate ones – Nxt and Blackcoin – aside, we can see the record breaking fall of Darkcoin (33%), as well as the slight slipping of Bitcoin and Litecoin, which fell 1.28% and 1.7% respectively in the last 24 hours – no respect here through (pun).
We although can’t directly criticize Bitcoin as the coin did its best to stay stable throughout yesterday. There were certain events yesterday that kept Bitcoin non-volatile throughout the day – the impact of which also maintained Litecoin as well. There was the news of BitPay that claimed to have been processing $1 million Bitcoin payments every day, followed with the morale boosting reports given by Mary Meeker, launch of new Bitcoin ATM in enemy territory China, Coinbase launching techniques to share Bitcoin for charity purposes, and more.
Although, on technical grounds it might have been the stable Bitcoin volume transactions that had kept its prices and market cap uninterrupted most of the time. A reason for such stability can also be in existence because of the fall of Darkcoin. There are huge chances that the investors who are shorting Darkcoin are exchanging it against the Bitcoins; thus, adding value to the latter eventually.
Here is the full numerical report of the cryptocurrency market in the last 24 hours:
It was until today that the BTC/USD was being traded smoothly. Yesterday, the pair opened at $574.896 – a value that seems good if one sees Bitcoin in last week’s performance. During the initial trading hours, the pair inclined comfortably due to an increase in volume transactions, as well as the certain favorable events from the market. This graph remained steady throughout the day and the BTC/USD eventually was closed at $575.206 – a minimal but satisfactorily increased price.
But soon upon entering today’s trading hours, the pair started trending downwards – the reason for which is too soon to predict. We will keep you updated on this in our forthcoming articles. Meanwhile, at the time of writing, the BTC/USD is being valued at $563.64.
LTC/USD, DOGE/USD and DRK/USD
The LTC/USD yesterday opened at around $11.085 and closed after facing a minimal fall, slipping to $11.021. At the time of writing, the pair is being valued at $10.86. It although can pick momentum once again owing to certain businesses announcing to accept Bitcoin today and yesterday.
Similarly, the DOGE/USD has fallen around 2% in last 24 hours and is being traded at around $0.000394.
DRK/USD, in the same period, has been the biggest non-performer – the reason of which is an unfortunate attack that led its network astray. Although, the Darkcoin team has claimed to resolve the matter but still the coin is unlucky enough to take any advantage out of it. As a result, the DRK/USD has fallen around 33% in the last 24 hours, leading its value to go as low as $6.41 from the peak of $15 last week.
To contact the reporter of the story: Yashu Gola at firstname.lastname@example.org
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