Bitcoin cryptocurrency prices continue to show strong upsides on Tuesday following boosting news this week.
Most assets have posted positive gains after it was confirmed that BlackRock is considering crypto investing, among other positive news. More positive news came in via Coinbase getting approval from SEC and FINRA to list security tokens.
More positivity has come from the FSB whose proposed framework for the G20 also states that cryptocurrency doesn’t “pose a material risk to global financial stability”.
It appears that recent developments are reviving interest in the crypto industry and could see inspire confidence into institutional investors.
Bitcoin (BTC) Price
Bitcoin has seen its value spike since the weekend as more positive news directly influenced sentiment about the top crypto. Bitcoin (BTC) is flirting with $6,800 at press time.
Especially important is the possibility of the world’s leading ETF and asset manager BlackRock may be poised to invest in Bitcoin Futures.
BTC is currently trading at $6,791. Should BTC break above $6,800, we may see a rally past $7,000. The leading coin has experienced steady growth since Monday’s rally from an opening price of $6,357.
BTC/USD prices have increased by about 2 percent in the last 24 hours and have erased last week’s losses, trading over 3 percent in the green over the last 7 days.
The average intraday trading volume is trending towards USD $5 billion, showing increasing demand by market participants.
Ethereum (ETH) Price
Just like Bitcoin, Ethereum is a beneficiary of the positive sentiment brought about by a confluence of good news since Friday last week.
Yesterday’s announcement by Coinbase that it had the approval to operate as a broker-dealer is also massive news that could positively impact on ether prices.
The second largest crypto by market cap is trading slightly lower at the moment, having touched a high of $482 during Asian trading hours. The slight pullback sees ETH/USD trading at $469.
The pair had traded over 5 percent higher in the morning, but its value is now just half a percent in the red over the last 24 hours.
The market cap stands at $47.74 billion and its average intraday trading volume in the last 24 hours is $1.79 billion. Volume had risen to $1.94 billion at one point but currently sits below July 16 figures of $1.8 billion.
Ripple (XRP) price
Ripple (XRP) is looking to reap the benefits of positive sentiments out of Japan during the Blockchain conference. XRP is exchanging hands around $0.48 at the present time.
The CEO of SBI Holdings has the belief that the 3rd largest crypto has the potential to gain global adoption. According to Yoshitaka Kitao, XRP could become a universal digital currency sooner than later.
The crypto platform continues to gain traction with a relentless focus on banks, and payment providers via its blockchain solutions. There are rumors that Ripple is seeking to go public via an IPO.
Ripple is showing some resilience as it struggles to consolidate recent gains. The XRP/USD pair rallied from $0.44 to hit above $0.483.
It has reversed an intraday downtrend and has gained 2.37 percent in the last 24 hours.
XRP currently trades at $0.478968 and has the bulls trying to see it break above $0.50. if the bulls manage to push it beyond $0.50, it could see further gains near-term.
Average daily trading volume is $262 million, currently about $7 million lower than its volume at the close yesterday. The total market cap is $18.8 billion, up from $18.2 yesterday.
Bitcoin Cash (BCH) price
Bitcoin Cash (BCH) has mirrored the general market trend to see its prices rally higher over the last few days.
However, today also saw the 4th largest coin by market cap feature some good news. BCH is now the fourth cryptocurrency to feature on Google’s price index. It means searching for “Bitcoin Cash” on Google will show BCH prices in local currencies.
BCH/USD prices are trending nearly 1 percent higher in the last 24 hours. It’s also over 12 percent in the green over the last seven days.
Bitcoin Cash is currently trading at $797 and could see its value break above the $820 resistance point if momentum sustains. The BCH/USD pair hit a high of $808, though the bulls ran out of strength to see it correct lower.
There’s another bullish upside in the offing that could push it beyond resistances at $810 to allow $820 to $835 price jumps. Daily trading volume is $439 million, although it jumped to $564 million when the coin hit its intraday low at $784.
In terms of market cap, Bitcoin Cash remains 4th, with a total capitalization of $13.7 billion.
EOS (EOS) Price
EOS continues to hold onto weekend gains that had consolidated on Monday. Meanwhile, EOS has posted on its Twitter account that it has surpassed ETH and BTC in the blockchain activity matrix.
Users on Reddit have claimed that the highly scalable platform has hit an all-time high of 1,932 transactions per second. EOS prices are trending towards July 16 close above $8.10, though it has run into some trouble above that level.
The coin currently trades just above $8.00 and has seen its value rise by 0.5 percent in the last 24 hours. The coin gained about 6% this past week.
Price changes over the day saw it touch a low of $7.87 and a high of $8.11. If prices rise above $8.10, it could open up room for further upsides beyond $8.70 and $9.00 resistance level, respectively, in the near-term.
Daily trading volume is around $627 million, seeing fluctuations throughout the day. It hit $761 million as buyers flocked the market during the early trading sessions. Its total market cap is $7.21 billion to see it stay in 5th position.
Litecoin (LTC) price
Litecoin continues to see positive sentiment from its recent partnerships across the board. LTC is trading at $84.26 at the present time.
However, creator Charlie Lee has stirred emotions by asking crypto enthusiasts to buy Bitcoin first before any other coin. He said this via a post on his Twitter account, advising that:
“There will be at most 21 million bitcoins in existence. There isn’t even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first.”
Many of LTC holders aren’t happy about this though, and it remains to be seen how that impacts on LTC.
At the moment, Litecoin trades above $84 as it looks to rally towards $90 and could target $100 in the near-term. LTC/USD touched a low of $83.04 and a high of $85.14 in today’s intraday trading.
The coin is just over 0.5 percent higher on its value 24 hours ago and more than 9 percent in the last seven days.
Average intraday trading volume is $273 million. It rose to $319 million as its price hit a high of $85.14, but has since decreased as the day progressed. Its market cap now stands at $4.8 billion, up from $4.5 billion yesterday.