ForexMinute.com – Last week was by far the steadiest week for the cryptocurrency market as Bitcoin and other major cryptocurrencies were able to escape wonderfully from Chinese financial voodoo. With good news of ‘NO BITCOIN BAN IN CHINA’ finally arriving to the ears, investors and traders have reacted overwhelmingly to the cryptocurrency market, sending the value of Bitcoin, Litecoin and other coins to a comfortable altitude.
Last 24 hours have been smoother for BTC/USD as the pair remained steady throughout the period. Upon closing on around $495 on Friday, the BTC/USD once again crossed the $500 mark in the early hours. Around 0200 UTC, it reached to its peak at around $502 but later slipped a little as its trading volume dropped 1%. But meanwhile, the pair found support around $496 in the early hours, but later kept its onward pace and remained near $501 for the rest of the day. The pair closed at $502.166.
At the time of writing, the BTC/USD is trading at around $503 and has risen 1.5% from yesterday’s close.
Litecoin, Dogecoin Rises as Well
There was one point during Friday’s trading hours, in which the LTC/USD was trading around $11.7. The value however raised exponentially with the slightest pullbacks. In the last 24 hours the pair is continually showing an uptrend and closed around $12.8, after rising from the previous day’s close of $12.4.
Today, the LTC/USD managed to cross the $13 mark, and is now trading at to the nearest $12.9, rising over 3% overall from the early trading hours.
The DOGE/USD is likewise steady, and has risen around 1.5% since the start of today’s trading hours and is currently trading at $0.00066. Yesterday, the pair was closed around $0.00064.
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