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Hello readers, welcome to the analysis of the prices of cryptocurrency for the week. Do not forget to check engines and shakers for this week in the last article.
Bitcoin (BTC)
Bitcoin has had a fun week while the currency has moved sharply on both sides of USD 4000. The good thing about Bitcoin is that it still settles in a range between USD 3600 and USD 4200. Prices touch the highest point USD 4,109.02 and the lowest point of USD 3,653.07 during the week.
The most active trades, in volumes, with BTC on several pairs this week were, BitMex (9.20%), CoinBit (5.64%) and CoinBene (4.40%)
Among the important news on Bitcoin, Josh Rager, a crypto trader, and the investor tweeted saying "As the volume continues to fall slowly, Bitcoin could see more side steps This could last for days or weeks until a decline in buyers, who currently hold the market, at these levels. Nice support below $ 3,000 with many buyers waiting for it."
Source: Coin360.io
Ripple (XRP)
The XRP is back in second place, but Ethereum continues to stay close to regain his place. At the top, this week XRP prices were USD 0.381949 and down they traded USD 0.327159.
The most active exchanges, in volumes, with XRP on several pairs this week were ZB.COM (11.57%), ZBG (6.52) and Exrates (3.79%)
For XRP this week, after several tests and announcements of several banks and payment processors, Euro Exim Bank of London has finally announced that it will use XRP and Ripple's xRapid software in just a few weeks and before the end of the first quarter of this year. 39; year.
Ethereum (ETH)
The outperformance of Ethereum compared to other altcoins was interrupted this week and XRP again pushed Ethereum into third place. Ethereum on the summit, this week was at 158.45 USD and was at lows of 125.24 USD.
The most active markets, in terms of volumes, with ETH on various pairs this week were DOBI Exchange (4.58%), LBank (4.03%) and LocalTrade (3.48%)
Among the news surrounding Ethereum this week, Ethereum is expected to undergo Constantinople's hard fork – an update called "hard fork". This event is expected to improve some key features on Ethereum. According to Vitalik Buterin, the next hard fork should make Ethereum more like Zcash.
The Other Movers and Shakers
The other coins that arrived at the top and bottom this week according to Coin Market Cap (accessible January 13 at 3:35 pm IST) were
Movers
- CariNet – Results up by 842.43%
- Cashbery currency – with a 177.49% increase
- EvenCoin – shows a 149.02% increase
Shakers
- LRM Coin – Showing a decrease of 58.27%
- Autonio: shows a loss of 56.59%
- DECENT – Showing a 54.98% decrease
What do you think the feeling of the cryptic markets would be like next week? Let us know your opinions on the same
Summary
Item name
Price analysis of cryptocurrency for the week from January 8 to January 13
Description
– Ethereum Classic suffers a 51% attack
– Bitwise file for New Bitcoin ETF
– Russia could invest 10 billion dollars in Bitcoin
– Canaan Chipmaker considers the US IPO
– Consensys supports a blockchain startup Monerium
Author
Nilesh Maurya
Publisher name
Coingape
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