The cryptocurrency market looks like it’s going to start a new week on a positive note as the industry sees a flash of green across trading values with Bitcoin showing an increase in day-on-day trading.
Looking at data from Coin360, we can see that Bitcoin’s influence on the market is showing a promising end of the week. With a 3% increase in trading value, Bitcoin price has spiked above the $9,000 USD mark once more, helping launch altcoins like Ethereum and Ripple’s XRP as a result.
Bitcoin Price Over The Week
Bitcoin’s movements over the week show a bit of a dip in the middle of the week. Despite the slump, however, the token’s value picked up over the weekend. This indicates that the sentiment is not yet rocking traders and investors towards either direction. The support currently seems to be holding the token above an $8,800 USD mark.
If Bitcoin can hold the upward trajectory heading into the new week, adjusting, correcting and finding new barriers of support, we might be looking at sustainable growth.
Ethereum Price Movements Over The Week
Over the week, Ethereum has followed the same trend as Bitcoin price, with a midweek dip, taking the price from $248.38 USD to $233.74 USD. Similarly to Bitcoin, Ethereum traders bought after the dip on Thursday, bringing the trading volume and price up. After a second dip in the week, the altcoin sank to $220.13 USD. Over the weekend, however, Ethereum price has picked up, and is sitting at a 4.23% increase in day-on-day trading value ahead of the new week.
Ripple Price Over 7 Days
Ripple’s XRP faced similar patterns, with a slight decline in price on Wednesday, with a minor correction before a second dip later in the week. Facing a quick increase following a decline on Saturday, the cryptocurrency is heading into the new week worse off than the week before but with a modest 1.23% increase in day-on-day trading.