Cryptocurrencies - An Update
I thought that since the market is changing ever-more each day, it would be nice to let everyone into some brief news about the recent changes to some of the most popular Cryptocurrencies.
Bitcoin - BTC settled above $7,900 during early Asian hours, but $8,000 remains untouched so far. The first digital coin has gained 2.2% since the beginning of the day and 1.8% on a day-to-day basis. Now it is trading within the short-term bearish bias amid low volatility.
At the time of writing, Ethereum - ETH, is changing hands at $204.60. The price broke above the critical $200.00 and extended the upside during Asian hours. The second-largest coin increased by 4% both on a day-to-day basis and since the beginning of Wednesday. Now ETH is moving within a short-term bullish trend. The volatility is expanding.
XRP is changing hands at $0.2158. The coin has barely changed since the start of the day and gained nearly 10% in the recent 24 hours amid growing bullish sentiments caused by the technical breakthrough above $0.2000. From the short-term perspective, XRP/USD is trading within a bullish trend amid low volatility.