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Bitcoin reaches $3600 again!

Bitcoin reaches $3600 again!

January 26, 2019 5:00 am,

At press time, Bitcoin is up just by 1 percent, trading at around $3603. Looking its weekly chart, the current price is just slightly lower than $3658 the price at which BTC started this week. On the month, the leading cryptocurrency is down about 10 percent from just over $4000. BTC may be walking downw the steps to its notable bottom of $3100 or a bit lower. The true strength indicator on BTC was as low as -26, a sign that sell pressure winning today. A sentimental cryptocurrency if there ever was one negative sentiment expressed around BTC at Davos are probably not helping matters in this bear market. CCN also notes that a zero price figure for BTC is virtually impossible.

XRP post minor losses

Ripple is up under half of a percent on the day, trading at around $0.317 at press time. On the weekly chart, the current price is lower than $0.33, the price at which XRP started the week and down from $0.333 the midweek high reported on January 19th 2019.

Ripple is miles away from its one-time high, but it’s currently the 2nd largest cryptocurrency by market capitalization, overtaking Ethereum amid problems with the networks planned upgrades and corresponding market dissonance.

Ethereum loses fight for $120

 2nd largest altcoin Ethereum, has seen its value increase by a little over 1.5% over the last 25 hours. At press time, ETH is trading at $118, having started the day about one dollar lower. On the weekly chart, ETH’s current value is lower than $124, the price at which the coin started the week. 

Yesterday, it was noted that some markets were listing ETH as high as $121, while majority were closer to $118. Over a four hour period, ETH attempted a recovery, surpassing $120 yet again, before sliding back down to press time price of $117.60. Meanwhile, Coinbase had ETH as low as $115. Likely discount prices for those confident in the impending hard-forked future of the world’s computer.

Bitcoin Cash continued its upward advance, it surpassed $132 and found a price of right around $130 by the time and translates into a 24-hour gain of around 3.6%. The wind seems to be at the back of BCH, as money continues to exit the BSV version. Either BTC fork is one serious development away from attracting massive capital looking for a less expensive alternative to BTC. BSV continues its decline dropping below $75 over the 24-hour period across markets. 

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