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.
Bitcoin has skyrocketed to USD 11k breaking all expectation and now sits very close to creating its base there. The prices hit a high point of USD 11,157.35 and the lowest point of USD 8,988.92 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, Binance (3.15%), DigiFinex (2.90%) and Coinall (2.82%)
Among prominent news around Bitcoin, Thomas Lee, the Fundstrat Global Co-founder, believes that Bitcoin is possibly having days ahead to surpass its old highs, adding that crypto winter is over.
Ethereum followed Bitcoins move and sits well above USD 300 now after some dampness last week. Ethereum on the top, this week were at USD 315.19 and were at lows of USD 264.75. The markets that were more active, in volumes, with ETH across various pairs this week were Coineal (3.65%), CoinEgg(2.88 %) and DOBI Exchange (2.84%)
Among news surrounding Ethereum, Two blockchain-focused startups, cryptocurrency payments firm CLIC Technology and blockchain infrastructure provider Opporty, have recently revealed they’re set to soon release a browser extension that’ll allow users to shop on Amazon using Ethereum’s ether.
On the top, this week the prices of XRP were at USD 0.505467 and towards the bottom it quoted USD 0.423504. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BW.com (9.02%), Upbit (5.57%) and Huobi Global (4.82%)
For XRP this week, Kieran Kelly said that Facebook’s coin could open a mass Gateway to XRP and Probably BTC
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on June 23 at 9:30 am IST) were
- XMax- Showing a rise of 482.75%
- Cryptaur- Showing a rise of 401.78%
- MSD- Showing a rise of 365.20%
- Jewel- Showing a drop of 87.11%
- Muzika- Showing a drop of 64.11%
- Origo– Showing a drop of 54.58%
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