Bitcoin Price Analysis: BTC/USD retreats after jumping to 33-month highs above $14,000
Following Wednesday's correction, Bitcoin (BTC/USD) posted gains for two straight days and preserves its bullish momentum into the weekend to touch its best level since January 2018 at $14,090. However, this move seems to have triggered profit-taking on the last day of the month and the BTC/USD was last seen trading at $13,830, where it was up nearly 2% on a daily basis.
Ripple Price Analysis: XRP/USD struggles to stage a convincing rebound, trades near $0.24
Ripple (XRP/USD) closed the previous three days in the negative territory and touched its lowest level in nearly a month at $0.2322 on Friday. Although the pair erased a large portion of its losses before closing near $0.24, it struggled to gather further bullish momentum on Saturday. As of writing, XRP/USD was up 0.5% on the day at $0.2407.
Tezos struggles to turn bullish, trades close to $2
Tezos (XTZ) closed the first five days of the week in the red and touched its lowest level since early April at $1.7969 on Friday. Although XTZ erased a small portion of its weekly losses on Saturday and gained more than 4%, it seems to be having a difficult time preserving its bullish momentum on Sunday. As of writing, XTZ was down nearly 1% on the day at $1.9650.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.