Market Update - Markets Balance As BTC, ETH, XRP BCH And EOS Level Out
After yet another uncertain week, we are seeing some balance maintaining within the markets this morning after an air of uncertainty has swept the through the crypto sphere over the past few months. Itâs been hard work trying to remain optimistic, however today the markets are starting to suggest that the markets could be ready for a fork in the road, a turning point, so to speak.
The balance we say today is down to market correction, giving prices a steady edge as values remain at levels that have been consistent through the last few weeks. This is good news, because cryptocurrencies arenât losing value, but also bad news because your investments arenât climbing, just yet.
Letâs have a look at this mornings standings:
At the time of writing, Bitcoin is valued at $6,374.17, up 1.18%. Bitcoin dominance is down slightly, sitting at 42.7%. Bitcoin is comfortable above $6,000.00, but seems to be struggling to move past $6,500.00. As a result of this, itâs now clear that in order to spike again, Bitcoin will need to see a larger surge or a bull run. Itâs not going to move up on its own unfortunately.
At the time of writing, Ethereum is valued $452.49, up 3.14% Ethereum is climbing quite nicely at the moment, however this is surely as a result of correction and thus, we arenât expecting Ethereum to skyrocket today as a result of this.
Likewise, XRP at the time of writing, is valued at $0.44, up 1.25%. XRP Once again, the trend within XRP reflects the rest of the market. Steady, but a little boring.
At the time of writing, Bitcoin Cash is valued at $727.09, up 2.94%. Bitcoin Cash is climbing, but is still way off $800.00. Much like Bitcoin, Bitcoin Cash needs to see a big market surge before it has any chance of moving back up towards $1,000.00.
Finally, at the time of writing, EOS is valued at $7.35, up 4.57%. EOS is on the biggest climb at the moment. This could indicate something bigger going on within EOS, however before we can speculate on this further, we need to see how EOS performs through the rest of today.
As ever, we will continue to watch the markets and see how they perform through the day. With correction in charge, there is a chance that prices could jump soon, though this remains doubtful for now.