What happened in the cryptomarket and to the three main currencies — bitcoin, ethereum and XRP over the past 24 hours.
Top-10 cryptocurrencies by oscillators as of October 25:
On Wednesday bitcoin and ethereum developed according to a neutral scenario, XRP demonstrated a moderate slowdown.
It seems like bitcoin (Bitcoin) will never change its behavior: the cryptocurrency is drifting in the center of the high-volume area.
Time-lapse: on October 25, 2017, bitcoin price continued the rapid decrease, stopping at $5,515.
BTC chart by TradingView
Today, the neutral scenario predicts fluctuations within the $6,360 - 6,490 range.
Ethereum (ETH/USD) acted a little bit weaker than it was supposed to. Bears tested the minimum marks of October 18 and faced the interest of buyers. Such movements indicate low liquidity in the market and big players are just waiting.
Time-lapse: on October 25, 2017, ethereum price decreased to $296.91.
ETH chart by TradingView
Bears tested the minimum mark of October 18 but failed to press the price down. Today, the bearish scenario provides a slow drift to $195 - 196. The global goal if the minimum mark of October 15.
XRP (XRP/USD) continues to please with some interesting dynamics. The cryptocurrency decreased to $0.449. Earlier, it was the border of two areas, but recently the interest to this level is very high and now it is competing with the control price of the current area. While XRP remains above the trend line, the mid-term growth scenario (to $0.528) is safe.
Time-lapse: on October 25, 2017, XRP price decreased to $0.204.
XRP chart by TradingView
Today, the most probable scenario is an attack at the upper border of the control price and a growth to $0.432.
Aside from bitcoin, ethereum, and XRP, there are several other interesting digital currencies or altcoins worth taking a closer look at. The losers and winners of the past 24 hours are PrimeStone with 534.40% growth and RealChain with 35.54% decrease. Keep an eye on cryptocurrencies, study them and use our quotes page to keep up to date.
Trading in the cryptocurrency market is associated with high risks and is not suitable for every investor. The above analysis should not be considered as a recommendation or a call to action. Each trader should assess the risks for themselves. Both the author and ihodl.com are not liable for the potential losses incurred.