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Despite the slight fall of the market at the beginning of the day, bulls can seize the initiative in favor of growth.
BTC/USD
The rate of Bitcoin (BTC) has risen by 0.58% over the last hour.
On the daliy chart, Bitcoin (BTC) has bounced off the $19,500 level against the low selling volume. If the slight rise continues and buyers can return the rate above $20,000, the upward move can continue.
Denys SerhiichukHowever, if bears keep their pressure, the drop might lead to the test of the $19,000 mark by the end of the week.
Bitcoin is trading at $19,891 at press time.
ETH/USD
Ethereum (ETH) has gained more than Bitcoin (BTC) as the rate of the leading altcoin has gone up by 0.60%.
Ethereum (ETH) is fighting for its level of $1,000 on the daily time frame. At the moment, bears have already broken the $1,100 mark, which means that they are more powerful than bulls to a certain extent. However, the breakout of the mentioned $1,000 zone can cause a sharp drop to the support level at $890.
Ethereum is trading at $1,079 at press time.
XRP/USD
XRP could not show any growth since yesterday, declining by 2.76% over the previous day.
XRP is trading similar to Ethereum (ETH) as the price is trading near the important $0.31 zone. If buyers lose this support level, it might be a prerequiste for the test of the closest area of $0.30 shortly.
XRP is trading at $0.3129 at press time.
Godfrey Benjamin
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