The cryptocurrency market has had a positive start to the new week as the majority of coins are trading in the green. Bitcoin (BTC) is clearly the biggest gainer among the top 10 coins by CoinMarketCap, rising by 2.12%. It increased in value after trading sideways and bouncing off the $26,688 level. Ethereum (ETH) is also in the green, having gone up by 1.35%. It is currently trading near the support at $1,787 and the upward momentum could soon take it to the $1,880-$2,000 area. XRP experienced a minor price surge and is trading sideways, stuck in a narrow range between $0.42 and $0.4350. Binance Coin (BNB) went up by around 1% and is trading near the $320 support. It needs to consolidate longer in this area before going on a sustained, longer-term uptrend. Finally, DOGE rose around 0.93 showing little signs of momentum and is trading sideways in the range of $0.07-$0.075 for the foreseeable future.
Mary King
- 2023-05-15
Crypto Market Sees Positive Start to Week
Cryptocurrency markets are having a positive start to the week as the majority of coins are trading in the green. Bitcoin and Ethereum are leading gains, while XRP, Binance Coin and Dogecoin are also showing signs of upward movement.
