After yet another uncertain week, we are seeing some balance maintaining within the markets this morning after an air of uncertainty has swept the through the crypto sphere over the past few months. It’s been hard work trying to remain optimistic, however, today the markets are starting to suggest that the markets could be ready for a fork in the road, a turning point, so to speak.
The balance we say today is down to market correction, giving prices a steady edge as values remain at levels that have been consistent through the last few weeks. This is good news, because cryptocurrencies aren’t losing value, but also bad news because your investments aren’t climbing, just yet.
Let’s have a look at this morning’s standings:
Bitcoin is valued at $6,374.17, up 1.18%. Bitcoin dominance is down slightly, sitting at 42.7%. Bitcoin is comfortable above $6,000.00 but seems to be struggling to move past $6,500.00. As a result of this, it’s now clear that in order to spike again, Bitcoin will need to see a larger surge or a bull run. It’s not going to move up on its own, unfortunately.
Ethereum is valued $452.49, up 3.14% Ethereum is climbing quite nicely at the moment, however, this is sure as a result of correction and thus, we aren’t expecting Ethereum to skyrocket today as a result of this.
Likewise, XRP is valued at $0.44, up 1.25%. XRP Once again, the trend within XRP reflects the rest of the market. Steady, but a little boring.
Bitcoin Cash is valued at $727.09, up 2.94%. Bitcoin Cash is climbing but is still way off $800.00. Much like Bitcoin, Bitcoin Cash needs to see a big market surge before it has any chance of moving back up towards $1,000.00.
Finally, EOS is valued at $7.35, up 4.57%. EOS is on the biggest climb at the moment. This could indicate something bigger going on within EOS, however before we can speculate on this further, we need to see how EOS performs through the rest of today.
As ever, we will continue to watch the markets and see how they perform through the day. With the correction in charge, there is a chance that prices could jump soon, though this remains doubtful for now.