[ad_1]
The cryptocurrency markets were showing signs of life today, December 17, but the main goal was Ethereum (ETH), which exceeded the price of Bitcoin Cash (BCH) for the first time.
Market display from Coin360
Cointelegraph, Coin360, CoinGecko and CoinMarketCap price tracker data confirm the ongoing battle of the top ten altcoin assets, with an ETH of around $ 90.86 from BCH to $ 88.63 at the time of printing .
Previously, BCH had traded above the market price of ETH since its creation in August 2017.
Price chart 7 days Bitcoin Cash / Ethereum. Source: CoinGecko
A bizarre opposition in November led BCH to split into two chains, the second was Bitcoin Cash "Satoshi & # 39; s Vision", now with the BSV ticker.
The price of BSV started to show an inverse correlation with most cryptographic activities, fluctuating according to the activities in the Bitcoin markets (BTC) before going downward drift to almost coincide with the price of BCH in mid-December.
Currently BCH and BSV occupy positions 8 and 9 respectively in the main cryptocurrencies by market capitalization.
Bitcoin himself managed to rebound the 15-month lows of $ 3,130 viewed over the weekend to close support around $ 3,200 previously on Monday.
A sudden rise subsequently pushed the prices by $ 150 more to close in $ 3,470.
Bitcoin 7-day price chart. Source: Cointelegraph
The commercial sources remained uncertain about the possibilities that the current levels maintain, the expert encrypted Tone Vays, in its latest market update, Sunday, that a collapse of at least $ 1,300 may be imminent.
Specifically, a close below the long-term average moving price for BTC / USD would trigger the extended downward spiral.
"Until we close below it, my probability of $ 1,300 remains a little lower; […] we have a candle full below the moving average, it's all over; we're going at $ 1,300, "he told viewers.
Elsewhere in the top twenty, Litecoin (LTC) partly earns daily at just over 9 percent at around $ 28.78, the uptick arriving at the back of a ad from the Travala accommodation booking site that would accept the altcoin.
Litecoin price chart for 7 days. Source: Cointelegraph
In addition, EOS recorded significant gains, with an increase of over 10 percent on the trading day at around $ 2.16 at the time of printing.
[ad_2]
Source link
