The cryptocurrency market is slightly recovering after a prolonged drop, and most of the coins are in the green zone.
Top coins by CoinMarketCap
BTC/USD
Despite today's rise, the rate of Bitcoin (BTC) has gone down by 28.80% over the last seven days.
BTC/USD chart by TradingView
On the weekly chart, Bitcoin (BTC) is about to make a false breakout of the $19,490 mark. At the moment, one should pay close attention to the daily closure. If buyers can keep the initiative and the price holds near the $19,500 mark, there are chances to see a further correction to the $20,000 zone next week.
Bitcoin is trading at $19,468 at press time.
ETH/USD
Ethereum (ETH) has risen more than Bitcoin (BTC) since yesterday, as the price change has accounted for 4.44%.
ETH/USD chart by TradingView
Ethereum (ETH) has also bounced off the $900 mark against the increased volume. Thus, the rate has come back above the crucial $1,000 mark. If the situation does not change by the end of the day, one can expect the continued growth to the $1,150-$1,200 area within the next few days.
Ethereum is trading at $1,033 at press time.
XRP/USD
XRP is falling the least in terms of the weekly analysis as the drop has constituted 9.80%.
XRP/USD chart by TradingView
Despite this, the situation is less clear compared to Ethereum (ETH) and Bitcoin (BTC). Currenly, bulls need to hold the initiative they have gained, keeping the rate above the $0.30 level. If they manage to do that, a rise is possible to $0.35 shortly.
XRP is trading at $0.3132 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 Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
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.