ForexMinute.com – Last 24 hours in the cryptocurrency market has been a little disappointing if one compares it to its wonderful recovery two days back. We are sure that the PBOC impact is wearing off from Bitcoins and altcoins, and the present condition of the market is somewhat stable compared to last week. Though still, Bitcoin has dropped a little in the last 24 hours, around a mere 1%.
In a strict sense, we can term Bitcoin as stable for now. But the same cannot be said about the coins that mostly replicate the Bitcoin’s performance. In a complete turanarund of events, Litecoin, Peercoin and Dogecoin failed to stay stable likewise Bitcoin and fell considerably in the last 24 hours. On the other hand, Nxt turned out be the only coin in the top ten cryptocurrencies that surged impressively – a reason of which can be the launch of its updated user-friendly client.
Here is the market report:
The BTC/USD opened at an impressive $446 during yesterday’s trading hours. The pair remained stable during the early hours, with almost equivalent support and resistance. In mid hours, the pair picked momentum and reached to its day’s peak at around $455. It then traded smoothly during the rest of the day, finding its support and resistance at around $452 and $455, respectively. This stable growth can be credited to the launch of Dark Wallet [See here for more information].
At this time of writing, the BTC/USD is trading at $447.14, and is hopeful to remain stable throughout today.
Litecoin, Dogecoin Tumbles
With no specific reason, Litecoin value dropped around 4% in last 24 hours, reaching $10.65 from the yesterday’s peak of 11.316. While on the other hand, Dogecoin’s fall can be blamed on the disruption it faced at its main payment processor Moolah.io. The DOGE/USD is currently trading at $0.000494 and has fallen around 2% from its last day’s peak at $0.0005807.
To contact the reporter of this story: Yashu Gola at firstname.lastname@example.org
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