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.
The Bitcoin seems to have found a new home as it hovers close to USD 10000 moving USD 500 on both sides of that mark. Looks like this is the level where the base is created. The prices hit a high point of USD 10,898.7 and the lowest point of USD 9,730.65 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BKEX (2.89%), LATOKEN (2.29%) and Coineal (2.25%)
Among prominent news around Bitcoin, Security researchers have warned that the bitcoin blockchain is under an attack by a new strain of the Glupteba malware which is capable of using the bitcoin network to resist attacks itself.
Ethereum is again below USD 200 and battles to stay above USD 150. Ethereum on the top, this week were at USD 182.35 and were at lows of USD 168.34. The markets that were more active, in volumes, with ETH across various pairs this week were CoinEgg (4.63%), BW.com (3.51 %) and LBank (3.01%)
Among news surrounding Ethereum, Analyst InSilico recently posted the tweet which said that Ethereum is finally showing signs that it wants to break from the downward channel it has been stuck in for months.
On the top, this week the prices of XRP were at USD 0.265279 and towards the bottom, it quoted USD 0.250805. The exchanges that were more active, in volumes, with XRP across various pairs this week were, LATOKEN (5.74%), BCEX (5.68%) and ZB.COM (5.66%)
For XRP this week, it seems Coinbase whales love XRP. According to the latest data of the American trading platform, traders buy XRP tokens more than they sell these
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on September 8 at 1:30 pm IST) were
- Alpha Token- Showing a rise of 5685.20%
- Molecular Future- Showing a rise of 546.31%
- Silverway- Showing a rise of 165.65%
- Business Credit Alliance Chain – Showing a drop of -88.44%
- PLATINCOIN- Showing a drop of -76.88%
- Egretia – Showing a drop of -59.20%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
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A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com