|Day's range||0.684 - 0.709|
|52-week range||0.0068 - 3.2900|
|Volume (24 hrs)||80.78M|
|Volume (24 hrs) all currencies||417.08M|
The price of the XRP cryptocurrency, overseen by startup Ripple, has jumped 16 percent on speculation a major U.S. exchange could add support.
Bitcoin struggles to move up the ranges, with $12,000 levels still seeming to be a step too far, while Ripple’s XRP and Stellar’s Lumen steal the show at the start of the weej.
Stellar Lumen and Ripple’s XRP lead the way this morning, with Ripple’s XRP managing to recover from an early fall to regain $1.00 levels, while Bitcoin Cash and Litecoin struggle for direction at the start of the week.
Bitcoin leads the way this morning, with the majority of the major cryptocurrencies in positive territory, though the rally from Sunday’s lows may be getting tired, with the cryptomarket having little impetus to continue moving higher
Cryptos are on the move this morning, through whether intraday gains can be held by the close remains to be seen, with investors continuing to selloff during any meaningful rallies.
Cryptocurrencies have remained under pressure early on Monday morning but prices rebounded during the midday trading.
The uptrend in the broad cryptocurrency market has been hit by headwinds the past week. Bitcoin, Ethereum, and Ripple have all seen downturns and are testing important support this weekend.
Bitcoin and the cryptos are in positive territory this morning, but there’s plenty of resistance and Bitcoin is struggling to make a move back through to $10,000 levels. If previous weekends are anything to go by, things could get bearish as the day progresses.
Having broken through its first major support level on Wednesday and tested its second major support level, there was some buying interest in the early part of this morning, after hitting an intraday low $0.92988, with Ripple moving through its 61.8% FIB Retracement of $0.9884 to an intraday high $1.0047 before resistance kicked in and Ripple’s XRP pulled back to $0.9594. In spite of the pullback, Ripple has managed to hold above its 23.6% FIB Retracement level of $0.9528, though having fallen back through the 61.8% and 38.2% FIB Retracement levels, we will expect Ripple to remain under pressure, with any fall back below $0.9600 continuing to support the bearish trend formed during the weekend. A pullback through Ripple’s 23.8% FIB Retracement level of $0.9528 and we could see Ripple begin to test its first major support level, though we wouldn’t expect a fall to sub-$0.90 levels through the day, while $1.00 levels also look to be out of reach for now.
Bitcoin is on the rise and the major cryptocurrencies have joined in recovery mode following Tuesday’s slide, though we’ve seen the cryptos fall back from intraday highs suggesting that it could be a choppy day ahead.
Cryptocurrencies have come off their short-term highs established on Friday, but remain rather stable.
The Sunday Blues hits the cryptomarket, with Bitcoin giving up $11,000 as focus shifts to this evening’s Litecoin Fork.Ripple and Stellar Lumen see the heaviest losses amongst the majors once more as the total crypto market cap falls back to sub-$500bn this morning.
Bitcoin pulls back from a week high $10,300 hit this morning, with all the majors except Bitcoin Cash in the red at the time of writing. The losses are relatively minor however and there is the hope of a Saturday rally to look forward to.
Western Union confirms it is testing out Ripple—specifically xRapid, the Ripple product that uses the token XRP. Ripple CEO Brad Garlinghouse says xRapid is solving a $20 trillion problem.
Cryptocurrencies have continued to perform well and many of the major digital currencies have experienced stable range trading this week.
Widely anticipated Hero Token ICO launched on February 1 and within the first 12 hours received contributions of more than $ 30 million USD. Hero Token reached it’s soft-cap back in November during a 24h pre-sale for early investors and is now gearing to reach more people who want to be part of the Future of Banking in Asia.
Litecoin is the early leader this morning as the cryptomarkets move back into positive territory. The news wires have been relatively quiet on the regulatory front, but it could all change, which could limit any major rallies.
Bitcoin sees red through the early part of the day, taking the rest of the cryptocurrencies with it, as investor sentiment turns negative in the wake of more regulatory chatter through the early part of the day.
Another day of red for the cryptocurrencies, with Bitcoin Cash leading the way down, as Ripple and Litecoin look to hold on to current ranges.
Bitcoin is on the move and the rest are following, though with the futures market pinning Bitcoin back from any major moves, investors may have to look towards the likes of Ripple and Stellar Lumens for bigger gains.
Bitcoin at sub-$8,000 levels, with investors pulling out ahead of the Monday open, as regulatory uncertainty continues to grip the markets.