Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The new week has started in a neutral mode as some coins are in the red zone while others are in the green.
BTC/USD
The rate of Bitcoin (BTC) has risen slightly since yesterday, going up by 0.56%.
Even though Bitcoin (BTC) remains trading in a wide range, the price has bounced off the $19,000 mark, so buyers are trying to seize the initiative. If the rise continues, one can expect a further upward move by mid-October.
Bitcoin is trading at $19,313 at press time.
ETH/USD
Ethereum (ETH) is more of a gainer as it has grown more than 1% over the last 24 hours.
From the technical point of view, Ethereum (ETH) is trading similar to Bitcoin (BTC) as the price is also fighting for the vital level of $1,300.
If daily candle closes in the area of $1,300-$1,320, there are chances to see the start of a midterm bull run.
Ethereum is trading at $1,305 at press time.
Vladislav Sopov