Tanya Abrosimova
Independent Analyst
- Major cryptocurrencies are lethargic in narrow ranges.
- Constantinople update went smoothly, but ETH doesn’t care.
Cryptocurrency market is a boring place with all major coins including Bitcoin, Ethereum and Ripple’s XRP following consolidate patterns. Binance Coin is the only top-20 asset with notable movements. BNB/USD gained over 7.5% in recent 24 hours to trade at $10.68. The coin takes the 10th place in global cryptocurrency rating with a market capitalization of $1.5B.
Bitcoin (BTC) stays close to $3.800 handle after a failed attempt to engineer a range escape. The coin moved from $3,888 high to $3,757 low in a matter of minutes on Thursday but eventually returned to $3,800 handle.
Ethereum (ETH) is also paralyzed at $137.00, unchanged on a day-over-day basis. The Constantinople update took place successfully; however, the market reaction has been muted so far. The volatility might increase later during the day when the European and North American traders join the market. According to Trustnodes, the upgrade went smoothly as two major Ethereum clients Geth and Parity stayed sync.
Ripple’s XRP, the third largest coin, is changing hands at $0.3153, with little changes in recent 24 hours. XRP/USD has been moving in sync with the market lately, ignoring its own fundamentals like the announcement of Coinbase listing.
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