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The new week has stated neutral for the cryptocurrency market, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has increased by almost 1% over the last 24 hours.
Despite today's slight rise, the price of BTC is trading sideways, gaining energy for a further move. As none of the sides has seized the initiative yet, ongoing consolidation in the area of $51,000-$52,000 is the more likely scenario for the current week.
Bitcoin is trading at $52,069 at press time.
ETH/USD
Ethereum (ETH) is one of the biggest gainers today, rising by 3.76%.
On the daily time frame, the price of ETH remains bullish until the rate is above the $2,869 level.
Denys SerhiichukHowever, if the bar closes far from its peak, there is a chance to see sideways trading so buyers can gather more strength for a further move.
Ethereum is trading at $2,894 at press time.
XRP/USD
The price of XRP has followed BTC and ETH, going up by 0.44%.
From the technical point of view, XRP is looking rather more bearish than bullish. If the daily candle cannot fix above yesterday's bar peak, there is a chance to see a correction to the $0.54 zone.
XRP is trading at $0.5567 at press time.
Vladislav Sopov
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya