orexMinute.com – Last 24 hours in the cryptocurrency market have been quite a blunder for most of the top coins, including Dogecoin, Darkcoin, Peercoin and others. Meanwhile, Bitcoin, Litecoin and Ripple have shown impressive growths within the same period.
Speaking particularly of Bitcoin, this cryptocurrency is currently in its most stable phase, showing no aggressive chart behaviour recently. It may be because of its increasing adaptability in the mainstream market. We have noticed a little improvement in Bitcoin’s current price behaviour, which hardly gets stirred with the hypes and negativities surrounding the market. The constant stability in Bitcoin prices indicates its actual credibility.
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Though, other coins in the markets are still under some kind of legal and illegal manipulations. Take Darkcoin for instance which, despite of being a reliable coin, fluctuates rapidly before/after development announcements. Even in last the 24 hours, this one particular coin has yet again fallen massively, right after showing an impressive surge throughout the weekend.
Here is the full report:
BTC/USD
The BTC/USD opened yesterday at around $623, but slid downward in the next hours, finding first and second support at $620 and $619, respectively. As the fall was very nominal, one can predict it to be the side effects of forex trading. However soon after the noon, the BTC/USD picked pace once again and eventually closed at around $622.
The price behaviour is same even in today’s trading hours. At press time, the pair is being traded at $622.18 and has risen around 0.5 in last 24 hours.
LTC/BTC
The LTC/BTC seems to have hit the bottom at last, as it is trending upwards hassle free from last 24 hours. The pair opened yesterday at 0.01358880 BTC fell down in next hours, reaching the bottom of 0.01346190 BTC. However, it raised magnificently right before noon, and started trending upwards. The reason of this surge can be because of the arrival of short term profiteers who are buying Litecoin back at lower prices. This although also indicates that LTC will soon fall once again.
The LTC/BTC eventually closed at around 0.01379090 BTC. The pair has surged 1.21% in last 24 hours and is now being traded at around 0.01384511 BTC.
XRP/BTC
After rising for a day and sliding down in hours, the XRP/BTC again picked momentum over the weekend – a trend which it is continuing even now. The pair opened yesterday at around 0.00000860 BTC and stayed almost at the same price for the rest of the day, closing at 0.00000867 BTC.
At press time, the XRP/BTC has risen 2.73% in last 24 hours.
To contact the reporter of the story: Yashu Gola at yashu@forexminute.com
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