15/04/19 06:00 UTC-4

Cryptocurrency market correlation: cryptocurrency prices began to rise again

Cryptocurrencies are growing again, the crypto-market correlation
Cryptocurrencies are growing again, the crypto-market correlation

On April 15, the rate of cryptocurrency and the overall market capitalization moved from place, showing a rapid growth. The first cryptocurrency, Bitcoin, in the last 24 hours has added 2.17% to the price, while other altcoins have risen in price to 6%.


Increasing the price of cryptocurrency

Over the weekend, Bitcoin broke through the "rising triangle" pattern. As expected, the price gradually began to level off, grow and passed the extreme border of the pattern. This indicates the expected further growth rate.

Despite the fact that the price of Bitcoin earlier collapsed from a mark of 5480 dollars due to overbought, it still successfully overcame the resistance line of 5100 dollars. At the moment, Bitcoin sells for $ 5177 per coin, and the charts show a reduction in the amplitude of price volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details
and a future rise.

Now, even a slight decrease will not lead to a reversal of the uptrend, but will simply mean a deeper correlation. More detailed information about the price chart can be found on our website.

Interesting in the section: Bitcoin Gold coins


Other altcoins also showed a gain at the beginning of the week

Ethereum (ETH) climbed 2.89%. The value of the asset was $ 167.92, which is equivalent to 0.03253179 BTC.

Ripple (XRP) grew by 1.1% against the dollar, by 0.8% against Bitcoin. The value of the coin is equal to US $ 0.328554, which is equivalent to 0.00006365 BTC.

Bitcoin Cash (BCH) grew by as much as 8.23% per day. At the moment, the value of the asset is $ 298.96, which is equivalent to 0.05794517 Bitcoin (with a 6.07% increase in crypto).

The cost of Litecoin (LTC) rose by 7.18%. The coin again shows a positive trend. The cost of one tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
was 82.79 US dollars, which is equivalent to 0.01604606 Bitcoin.

The price of EOS rose by 4.55% and is now equal to 5.54 US dollars. In relation to Bitcoin, the price of altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details
rose only 2.47% and amounts to 0.00107427 Bitcoin.

Tezos (XTZ) cryptocurrency was the record for growth today. Altcoin grew by 15.67% per day. Now the value of the coin is equal to 1.13 US dollars, which is equivalent to 0.00021915 BTC.

The cryptocurrency market correlation began and the prices for cryptocurrency began to grow again. Recall that on April 12, several cryptocurrencies significantly fell in price, and investors began to talk about a new market collapse.

Editor: Yuliya Soroka

See also: "Changes in Zcash: cryptocurrency will increase scalability later this year"

#cryptocurrency #growthrate #Tezos #EOS #Litecoin #Bitcoin Cash #Ripple #Ethereum #BTC #Bitcoin



23/04/19 06:00 UTC-4

Bitcoin rate unexpectedly rose above $5,500

On April 23rd, an unexpected growth of the first cryptocurrency, Bitcoin, was recorded. Yesterday, the cryptocurrency crossed the psychological barrier of $5,500.

Hypes, funds, fiat money