Crypto Market Update: Strong rally across the board as bulls making another big return
- Big double-digit gains seen across the crypto market, as the bull run resumes late on Friday.
- Bitcoin back within the $4000 territory, XRP/USD stretching towards $0.4000 and Ethereum up over 20%, trading within the $140 region.
The cryptocurrency market wide saw a large surge higher in the latter part of the day on Friday. Green is seen across the board within the major currencies, a move of which coming at quite some surprise in terms of its strength.
BTC/USD is pressing back within the $4000 territory, XRP/USD is moving back towards the big $0.4000. LTC/USD jumping towards $35. ETH/USD back firmly within the $140 price region, chunky jumps observed.
There isn’t anything particular to warrant such the move that has been observed. However the market was already within a bull run from December 16th, before cooling on the 24th December. The pace seemingly being picked back up again, after a marginal cooling.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
