Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.
Bitcoin has now looks stabilized sitting fairly above USD 11000. The prices hit a high point of USD 12,006.08 and the lowest point of USD 9,737.88 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, CoinBene (3.73%), OEX (3.48%) and BitForex (3.12%)
Among prominent news around Bitcoin, An anonymous 4chan user who was spot on in his bitcoin price predictions so far this year, accurately hitting price targets, has predicted BTC will hit $87,000 in November of 2020
Cryptocurrency Price Chart | Source: coin360.com
Ethereum followed Bitcoins move and now is inching USD 300 now after some months. Ethereum on the top, this week were at USD 303.96 and were at lows of USD 272.60. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (5.53%), BitMart (3.35%) and DOBI Exchange (3.26%)
Among news surrounding Ethereum Dovey Wan, Founding partner at Primitive Ventures, recently tweeted a thread explaining how Ethereum could be bullish over the long term. According to her, over time all fiat coin will be on Ethereum, which makes a bit more bullish on $ETH TBH, as long as Ethereum can be the go-to-choice for all these synthetic assets
On the top, this week the prices of XRP were at USD 0.417618 and towards the bottom, it quoted USD 0.375611. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BW.com (8.93%) HitBTC (7.20%) and BITKER (3.31%)
For XRP this week,