Bitcoin finally rises again over $10,000 mark today
The cryptocurrency markets started the week on a positive note with legacy Bitcoin rising again and regaining the $10,000 level today. At press time on Tuesday, the largest cryptocurrency by market cap was up by at least 6% to the $10,400 mark. It had dropped to the $9500 level over the weekend with many analysts predicting that this was a new low to be tested.
Altcoins lifted
Other currencies also showed some improvement overall, although the increase was not as much as Bitcoin’s. Ethereum briefly reclaimed the $180 level late on Monday night but was trading at around the $177 level on Tuesday as selling pressure began to hit. Another notable performer was Bitcoin Cash which was up by at least 8% to the $295 level after having sunk to as low as $277 over the weekend on low volume.
Subscribe to our newsletter to receive our weekly updates + more straight to your inbox!
ETC rises by over 6%
Ripple continued to disappoint with weak turnover keeping the price at just over the $0.26 mark whilst Litecoin was also in positive territory as it rose by around 25% to the $67 level. EOS rose by a similar amount to the $3.32 mark whilst the biggest gainer was Ethereum Classic which saw a 6% rise to the $6.70 level at press time on Thursday.
Most coins looking positive
Currencies further down the line also saw some increases. NEO once again sailed over the $9 mark on the back of a 3% increase whilst XMR (Monero) was also in positive territory with a jump of 5% to the $73.65 level. IOTA remained rather stagnant at the $0.25 level whilst ZEC increased slightly to the $46 level. Another coin which showed positive movement, although still rather static was DASH which reclaimed the $80 mark.
Osprey FX customers should note that after a rather negative August where almost every major crypto lost ground against the USD, September seems to be indicating a trend reversal. However, most coins are at bimonthly lows so there will have to be considerable movement for these to show some sort of upward trajectory.
Learn more about trading cryptocurrencies on OspreyFX
Disclaimer: This is not investment advice. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.