Tag: Ethereum (ETH)

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Crypto

Ripple (XRP), Bitcoin (BTC), And Ethereum (ETH) – How The Cryptocurrencies Market Looks Today?

The cryptocurrencies are trading mixed this Thursday, with Bitcoin (BTC) remaining at its lowest value against the USD in the last 3 days, Ripple (XRP) showing a slight recovery, along with the Ethereum (ETH).

Bitcoin (BTC) still at around its lowest value in the last 3 days

The Bitcoin is trading at $8,916, dropping by 0.71% in the last 24 hours.

The Chicago Board Options Exchange wants to reduce the increases on its futures contracts, according to a letter to the Commodity Futures Trading Commission. The decision would reduce the increases from 10 to 5 points, with a point equal to $1. Futures contracts were launched in December 2017, when Bitcoin stood at a record high of $20,000.

Among other news, Nasdaq announced yesterday the intention to launch its own cryptocurrency exchange in the future, as the regulatory environment evolves in the cryptocurrencies market.

Ripple (XRP) slightly recovering

The Ripple (XRP), the 3rd crypto coin in the market by market cap, marked a slim appreciation by 0.87% reaching to $0.82, at the moment of this article.

Massive sell orders made Ripple (XRP) lose its support and remained below the $0.85 level. Most probably it will struggle to jump back to around $0.90 in the upcoming days.

Ethereum (ETH) scores a small increase, despite the recent negative news

The 2nd crypto coin on the market by market cap, the Ethereum (ETH), gained about 2%, at the moment of this writing, reaching to $636.78, despite the recent MyEtherWallet hack.

Besides, Parity Technologies stated today that they will not alter the Ethereum (ETH) blockchain by changing the EIP-999 code to recover the $264 million lost due to a coding error in the wallets, back in November 2017.

“We have worked hard to contribute to the development of the Ethereum ecosystem. We’re not going to damage it. We find the right solutions through collaboration,” wrote the company’s representative on Twitter.

In conclusion, the cryptocurrencies market is not doing well since yesterday, mixed tradings being registered, with crypto coins scoring gains, such as Ripple (XRP) and Ethereum (ETH), while others scoring losses, the best example being Bitcoin (BTC) which today hit its lowest in the last 3 days.

Categories
Crypto

Ethereum (ETH) Gained Momentum And Broke Above $700 In The Context Of A Bullish Cryptocurrencies Market

The cryptocurrencies market is once again bullish as all the important crypto assets have gained a lot in the last days. The new trading day began positively for almost every cryptocurrency, all exceeding their resistance levels. Among the daily winners, there is Ethereum (ETH), which gained about 8% in the last 24 hours, passing the $700 level for the first time since the beginning of March.

Ethereum (ETH) was quiet lately and didn’t make in the news very often during the last month. Also, its gains were just normal, so, nothing spectacular being recorded about ETH in the last weeks, until now.

The bullish trending of the top cryptocurrencies in the market brought massive increases in the market’s capitalization in the last days. Accordingly, the cryptocurrencies market capitalization reached $426,5 billion in comparison with the $323 billion market cap registered just a couple of weeks ago.

Ethereum (ETH) broke above $700 in the context of a bullish cryptocurrencies market

The new trading day, April 24th, started normally for ETH as it was trading at about $636. Soon, it gained approximately 9% and passed over the $700 level at evening, gaining, accordingly, about $64 in just one day.

As we speak, Ethereum (ETH) is trading slightly above $700 sustaining the level for about 4 hours.

The 2nd coin in the cryptocurrencies market, ETH registers a market cap of about $70 billion, while it scored a trading volume of about $3,2 billion in the last 24 hours.

The coin is set to keep momentum and to go even more bullish than this. It is expected to close around $700 and, in the following days, Ethereum (ETH) is predicted to continue its growth towards its values against the USD it has registered before the cryptocurrencies market massive correction of a couple of months ago.

In conclusion, the cryptocurrencies market is bullish, with all the big cryptos showing significant gains. Among the winner of today, April 24th, there is Ethereum (ETH) which managed to break above $700, meaning that the coin will continue its uptrend if it gets support to sustain above $700.

Categories
Crypto

Ripple (XRP), Ethereum (ETH), And Litecoin (LTC) Price Analysis

The new week started with a slow recovery for the cryptocurrencies and Ripple (XRP), Ethereum (ETH), and Litecoin (LTC) are also turning green for a tough period of the market. Let’s see here what the graphs show for the future.

Ripple (XRP) doesn’t get the expected appreciation

The news revolving around Ripple (XRP) remains for the moment that Ripple (XRP) has tried and failed to buy its listing into the Coinbase and Gemini exchanges, leaving itself vulnerable to further inconvenience.

The lack of inclusion in two of the largest exchanges of cryptocurrencies in the US and the consequent loss, if the story is true, will leave the falls as the path of least resistance.

Currently trading around $0.49 but a break and close below its December 22nd’s minimum of $0.42 could cause XRP to retreat to the start of the strong rebound at $0.20.

On the Ripple (XRP) bullish side, $0.57 should limit any positive movement.

Ethereum (ETH) is still bearish, despite its slight increase

The second largest cryptocurrency, ETH, has lost more than $100 billion in cryptocurrencies market capitalization since its peak on January 15th.

The Ethereum (ETH) chart shows how all the rallies have been sold, while the downward trend since mid-January continues to limit any upward movement.

The recent low of $357 seems to be under pressure again, which leaves a big drop to the two lows observed in October and November of 2017, $275 and $278, respectively.

Right now, the Ethereum (ETH) is trading at about $410, gaining approximately 3% in the last 24 hours but the sentiment is still bearish, in general.

Litecoin (LTC) shows only a small increase in the last 24 hours

Another cryptocurrency that fell heavily recently, Litecoin (LTC) has at least shown some signs of stabilization in the last 9 trading sessions.

Having fallen below the Fibonacci retracement at $118, LTC currently trades around $114.

LTC is also trading on both sides of the bearish trend from the December 19 high. To push up, the cryptocurrency needs a continuous consolidation in the coming days, which would open the way again to $137, and then to the $150 value.

A break below the minimum double would leave LTC vulnerable to higher losses with weak support between $70 and $72.

In conclusion, cryptocurrencies market turned green and all the assets show gains but the sentiment is still bearish regarding Ripple (XRP), Ethereum (ETH), and Litecoin (LTC).

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