Tanya Abrosimova
Independent Analyst
- Major coins are marginally in green on Friday.
- The market needs strong catalysts to start moving.
The cryptocurrency market is rangebound with early signs of recovery. Bitcoin and major altcoins are mostly in green; however, the upside bias looks unconvincing so far. The total value of the market stays above $120.B after a short-lived dip to $119B on Thursday.
While the market is snoozing in tight ranges, investors should be on the alert, as prolonged periods of low volatility are usually followed by strong movements.
Bitcoin is changing hands at $3,573, gaining nearly 1% since this time on Thursday. The first digital coin cannot break free from the tight range since the beginning of the week, and there are no signs of the upcoming breakthrough yet.
Still, many experts believe, that Bitcoin’s short-term risks are skewed to the downside.
Ripple’s XRP is hampered below $0.3200 XRP/USD is trading at $0.3178 by press time with marginal gains on a day-over-day basis. The second largest coin with a market value of $13B holds well despite that a sustainable move below $0.3200 has worsened the technical picture.
Ethereum regained $117.00 level to change hands at $117.59 at the time of writing. The coin is floating in sync with Bitcoin and other altcoins as there are no fresh catalysts that might have triggered ETH movements.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Monero Price Forecast: XMR soars over 19% amid rising demand for privacy coins
Monero (XMR) price is extending its gains by 19% at the time of writing on Monday, following a 9.33% rally the previous week. On-chain metrics support this price surge, with XMR’s open interest reaching its highest level since December 20.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC and ETH stabilize while XRP shows strength
Bitcoin and Ethereum prices are stabilizing at around $93,500 and $1,770 at the time of writing on Monday, following a rally of over 10% and 12% the previous week. Ripple price also rallied 8.3% and closed above its key resistance level last week, indicating an uptrend ahead.
Ethereum Price Forecast: ETH ETFs post first weekly inflows since February
Ethereum (ETH) recovered the $1,800 price level on Saturday after US spot Ether ETFs (exchange-traded funds) recorded their first weekly inflows since February.
Defi Development Corporation files to offer $1 billion in securities to boost its Solana holdings
Defi Development Corporation (formerly Janover) filed a registration statement with the Securities & Exchange Commission (SEC) on Friday, signaling its intent to offer and sell a wide range of securities, including common and preferred stock, debt instruments and warrants for the purchase of equity
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.