Bitcoin Price Analysis: BTC/USD spikes to $11,600 and drops to $11,340 within one hour
We can clearly see the first three green candlesticks moving Bitcoin towards $11,600 and the next three giving all the gains back and even droppìng lower. The overall sentiment of Bitcoin continues being positive despite the recent downtrend.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
-637341358204137497-637341491963114016.png){kind=link}
Ethereum Price Analysis: ETH/USD jumps 4% towards $400 in just three hours
After an extended consolidation period, Ethereum bulls are back in full force, especially after some positive comments by Jerome Powell, the U.S. Federal Reserve Chair.
-637341323826324222-637341492497695826.png){kind=link}
XRP/USD massive dump to $0.257 after overall market weakness
According to the CoinMarketCap dominance chart, XRP is now down at 3.3% dominance from its previous high at 3.83%, a low not seen since July 2020. The weakness of XRP is quite apparent now as the digital asset will have very little support on the way down to $0.20.
-637341446371469607-637341492860509254.png){kind=link}