As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I can’t help but feel a sense of anticipation every time I see the market bounce back like this. The dance between buyers and sellers is an intricate ballet that never ceases to amaze me.
Buyers are back in the game at the beginning of the week, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by almost 1% since yesterday.
Looking at the daily graph, Bitcoin’s rate seems to be trending towards its support level of around $67,541. Should conditions remain unaltered, there might be a breakout leading to a potential drop in the price range of $66,000 to $67,000.
Bitcoin is trading at $68,336 at press time.
ETH/USD
The rate of Ethereum (ETH) has followed the growth of BTC, going up by 1.19%.
Technically speaking, so far, we haven’t seen any indications that suggest a potential reversal. If the downward trend persists towards $2,400, traders might encounter a test of the support level at around $2,381 by the end of this week.
Ethereum is trading at $2,443 at press time.
XRP/USD
XRP is the biggest gainer from the list today, rising by 2.56%.
Regardless of its surge today, the momentum of XRP hasn’t been strong enough yet to sustain an ongoing rise. For buyers to take control, they must push the price over the $0.52 threshold.
XRP is trading at $0.5108 at press time.
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2024-11-04 19:47