News Flash: Bitcoin Surges At $10,400 As ETH Moved Up By 8%, XRP Rises Along
The last 24 hours have been particularly encouraging as top cryptocurrencies slowly recover from their respective previous deep. Bitcoin (BTC) had recently experienced a price drop of around 14% breaking a major support level at $10,000. This influenced the whole market condition as many altcoins, including Ethereum (ETH) and Ripple (XRP) all recording a corresponding price reduction. However, over the last 24hours, the crypto market slowly recovered its losses and major cryptocurrencies are now rising up the charts.
Bitcoin (BTC) Price Update
BTC price was greatly influenced by the recent Libra’s Senate hearing activities in which BTC was seen to be trading below the $10,000 mark. Falling as low as $9, 350 area, bitcoin only started resurrecting within the last 24 hours in which price has moved up more than 7%
At the time of writing this market update, BTC is trading at $10,320. Within the last 24 hours, BTC was seen vacillating between $9700 and the $10,000 area to build strong support within the range.
Ethereum (ETH) Price Update
Ethereum began the week on a very bad note. Moving down more than 22%, ETH lost more than $59, touching a low of $198 by the end of the week.
However, the charts began to see some changes following the recent market reverse that was since in BTC within the past 48 hours. As ETH slowly recovers the market losses, it moved up the charts by 7% in the last 24 hours to record its current price of $222. Ethereum still shows major potentials to move further up the charts within the next few days.
Ripple (XRP) Price Update
Ripple, like major altcoins, also dropped drastically in price. Ripple (XRP) struggled on the charts in recent days as the general crypto market fell into great dips. As the market began to recover, ripple, however, remained silent and traded sideways instead.
Ripple dipped by around 15%. Landing at $0.285 per unit of the coin. Ripple is presently trading at $0.31, which represents a 3% 24-hour change.
- VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%
- Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks
- Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
