As Bitcoin moves above $8700, Ripple’s XRP touched $0.46 after maintaining $0.44 market price yesterday. While Bitcoin is changing hands at $8726, Ethereum is trading at $283 with Bitcoin Cash trading at $470 after seeing 9% price increase.
This signals that the cryptocurrency market is confirmed to be in a bull run. The market has been in this manner for some times now, even before Bitcoin surged above $8500 during the weekend.
Crypto Market Condition: Precursor to a Massive Bull Run
Analysts are consistently pointing that the market condition at the moment is a precursor to the much awaited bull run expected to take nearly all cryptocurrencies to the next level.
As Bitcoin becomes the cynosure of all eyes, the digital asset has been able to hold its key support level for some days.
Observing BTC from the short time, there is no doubt that the digital asset is pulling hard to touch the $9000 mark, holding above the key $8400 support level is a testament that Bitcoin is eyeing a great price in the next few days.
As posited by analysts, Bitcoin has to stay above the $8200 to $8400 support levels for the digital asset to go higher in the market. Last week, Bitcoin was trading below the $8000 mark before boisterously jumping above the mark to touch $8900
Ethereum Price: $300 Before Month Ends
The market is generally looking awesome with some coin performing excellently than others. One of the major performer in the space is Ethereum. The digital asset is trading up around $283 with close to 7% price upsurge.
A popular analyst by the name Crypto Rand has posited that Ethereum will touch $300 before week ends.
The analysts did not drop any reasons behind his prediction even though we are less than 2 days to the end of the month.
However, the digital asset looks to be heading towards that value. Along with Bitcoin, Ethereum can touch the $300 mark and even go beyond.
Bitcoin Satoshi Vision (BSV) Surges by 86% Over Circulating Fake News in China
Bitcoin SV is benefiting maniacally from a circulating update first reported to be fake by Today’s Gazette.
The circulating fake news in China says Bitcoin SV is to be relisted on Binance after the creator of BSV transferred around 50,000 BTC from the largest Bitcoin wallet to Binance Exchange.
The fake news, purportedly circulated by unscrupulous elements to push BSV higher, infers that the action of Craig Wright forced Binance CEO to reconsider relisting Bitcoin SV.
The circulating information resulted in Chinese Retails buying Bitcoin SV en masse, causing the digital asset skyrocketing by close to 90%.
Disclaimer: Article not a financial advice. It is written for information and educational purpose only. Investing in cryptos is done at your risk.