Bitcoin Price Hits $10,400 and Most Cryptocurrencies Moving Upward
By Luke Flowers – Cryptocurrency Enthusiast
On September 2, the cryptocurrency markets have shown life and displayed positive price movements after stagnating for most of the day.
After trading close to $9,700, the Bitcoin price has shown an impressive movement. At the time of writing, the most popular cryptocurrency in the world is trading at $10,381, up 6.63% on the day. Sentiment to buy Bitcoin seems to have increased but, can it last?
Earlier, Cointelegraph reported that Bitcoin is trying to bounce back from the trendline and if the BTC/USD pair starts picking up momentum over the moving averages and breaks out of the downtrend line, it could lead to a retest of the yearly highs at $13,973.50. This still would take many users to buy Bitcoin for that big of a price rise.
Besides that, Ether (ETH) the most popular altcoin has also picked up traction trading at $178.53. Up more than 4.5% on the day at the time of writing. Though not the same gains as Bitcoin, this is still great as Ethereum has recently experienced a decline. This recent decline could have induced some to buy Ethereum at this lower level.
Ripple’s XRP token, like many of the other cryptocurrencies has been steadily trading all through the week and is now showing gains of over 2% at $0.26 at the time of writing, shown in the following chart.
XRP has been one of the most underperforming cryptocurrencies in 2019. Are we soon to see a demand to buy XRP after stagnating in price for an extended period?
You can buy Bitcoin UK, XRP, Ethereum, Litecoin, VeChain as well as a huge list of other cryptocurrencies so make sure you check them out!