Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.
After a minor halt at around USD 5200, the BTC has started its upward journey and now sits pretty around USD 5700. The prices hit the high point for Bitcoin were at USD 5,886.89 and the lowest point of USD 5,216.49 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (14.37%), Negocie Coins (6.68%) and Tidebit (2.19%)
Among prominent news around Bitcoin, anonymous Bitcoin whale, known only by his crypto addresses, has accumulated a fortune of more than 7,000 BTC. The crypto holdings are worth $35 million USD at the time of writing, and they’re mostly held in this wallet.
Ethereum on the top, this week were at USD 170.65 and were at lows of USD 153.19. The markets that were more active, in volumes, with ETH across various pairs this week were LATOKEN (3.39%), ZBG (3.26%), DOBI Exchange (2.90%)
Among news surrounding Ethereum this week, The bi-weekly meeting between Ethereum’s Core developers was held recently and during that conference call, one of the Ethereum Foundation researchers, Justin Drake, stated that Ethereum’s journey towards proof-of-stake consensus is on track and that the new code will be ready by June 30th, 2019.
XRP continues its struggle as the coin has been slow and steady on either side. On the top, this week the prices of XRP were at USD 0.315657 and towards the bottom, it quoted USD 0.291652. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZBG (10.33%) ZB.COM (5.12%) and BW.com (4.72%)
For XRP this week, Ripple Partners Ria Money Transfer, a subsidiary of Euronet Worldwide
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on May 5 at 3:30 pm IST) were
- SpectrumNetwork [SPEC] – Showing a rise of 6379.78%
- ICOBay [IBT] – Showing a rise of 187.72%
- Diruna [DRA] – Showing a rise of 170.15%
- Kambria [KAT] – Showing a drop of 55.35%
- INMAX [INX]- Showing a drop of 46.25%
- Bitcoinus [BITS] – Showing a drop of 45.56%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.