Bulls keep dominating the cryptocurrency market as coins from the top 10 list are in the green zone.
Top 10 coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) has risen by 16%, having set the peak at $48,200.
BTC/USD chart by TradingView
On the daily chart, Bitcoin (BTC) might face a correction to the mirror level at $42,000 as there is almost no liquidity at the moment to keep the rise.
However, one should consider such a move as a short-term decline as part of the long-term bullish trend.
Bitcoin is trading at $45,638 at press time.
ETH/USD
Ethereum (ETH) is showing less growth than Bitcoin (BTC) as the rate of the leading altcoin has risen by only 3%.
ETH/USD chart by TradingView
From the technical perspective, Ethereum (ETH) needs more time to show a price blast as the coin is still in the accumulation phase. In this regard, sideways trading in the range of $1,650-$1,750 is the more likely scenario for the upcoming days.
Ethereum is trading at $1,742 at press time.
XRP/USD
XRP is the second-most growing coin today. The rate of the altcoin has gone up by 6.38% since yesterday.
XRP/USD chart by TradingView
XRP keeps trading in the bullish channel, aiming at the vital $0.50 mark. However, there are low chances for a breakout as the buying trading volume is low enough to fix above the resistance.
XRP is trading at $0.46 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Bitcoin Price Forecast: Analysts anticipate increased volatility as the US presidential election looms
Bitcoin price teased its all-time high of $73,777 last week but declined to trade below $69,000 on Monday. Analysts suggest that market volatility is expected to rise as the US presidential election approaches.
Litecoin poised for double-digit decline after breaking ascending trendline
Litecoin breaks and closes below an ascending trendline, signaling a change in market structure. On-chain metrics paint a bearish picture, as LTC’s dormant wallets are active, and the NPL indicator shows a negative spike.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP decline ahead of US elections
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all faced resistance at crucial levels ahead of the US Elections, leading to a price decline. As of Monday, they neared key support levels, and a firm close below these marks could signal further declines.
21Shares files S-1 for XRP ETF amid ongoing tension between Ripple and SEC
21Shares filed an S-1 registration with the Securities and Exchange Commission (SEC) on Friday for an XRP exchange-traded fund (ETF). While the chance of approval is slim with the current SEC administration, the landscape could change after the upcoming elections.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.