How Did the Fab Five Finish?
Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of -5.27%. The best performer of the bunch was XRP, which went down 2.87% and currently is sitting near $0.287068 USD. As for the worst-performing crypto out of the Big Five, yesterday that was Bitcoin Cash; it came in at down 7.41%, which drove its price to around $210.17 USD. None of the coins had up days, which indicates a wave of bearishness befell the sector as a whole.
Simplify crypto trading. Track and trade your entire portfolio across ten different exchanges using Quadency.
Price Patterns to Monitor
The moves in all five of the currencies were especially surprising; they were much larger than the normal daily trading range associated with each respective currency. Traders may also wish to bear in mind the following events going on regarding current price patterns:
- If coins without a clear trend are your thing, consider XRP and Bitcoin Cash. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
- If coins in a clear downtrend are your thing, consider Litecoin, Bitcoin and Ethereum. Those have been in a clear downtrend over the past 14 days, and thus might be of interest to trend followers comfortable with short selling.
- Also of note is that Bitcoin Cash just crossed its 20-day moving average yesterday.
What Does Transaction Data Tell Us?
The blockchain that saw the most transactions recorded on its blockchain over the past day was Ripple; its 1,329,871 transfers added was about 78% greater than the transactions recorded on Ethereum,