Cryptocurrency Analysis: Bitcoin, Ethereum, Ripple, NEO - June 6
|
BTC/USD price may bounce off support
Bitcoin price sits above a dense cluster of support lines at $7,790 that includes the Simple Moving Average 10-4h, the Bollinger Band 15min-Lower, the previous 4h-low, the SMA 5-4h, the BB 1h-Middle, the SMA 5-15m, the SMA 100-15m, the Fibonacci 38.2% one-day, and more.
Ethereum price analysis: ETH/USD waits for catalysts under $245
Ethereum (ETH), the second largest coin with the current market capitalization of $26 billion, is changing hands at $244.80, mostly unchanged in recent 24 hours and down 1.3% since the beginning of the day. An average daily trading volume is registered at $8 billion. The coin is most actively traded against BTC and USDT on Ethfinex and Bitfinex.
Ripple sets foot in Zurich, Switzerland: Targets institutional investors
At press time, Ripple price is trading at $0.399 while struggling to break the short-term hurdle at $0.4000. The digital asset is still in the red with losses of 0.35% on the day although it has corrected from the intraday low of $0.3964.
NEO market overview: NEO/USD mundane sideways trading lacks catalysts
NEO price has broken the consolidation trend that had been formed on during the last weekend trading sessions. The support at $13.50 did little to stop the bear move on Monday while the broad-based declines on Tuesday made the situation worse. NEO plunged further below the support at $12.00 but luckily it found solace at $11.00.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.