Hey Altcoin Daily Team,
Today we go over the cryptocurrency market and I share with you some of the most valuable crypto news. We discuss why the market lost over 50 billion dollars in 24 hours. Where do we go from here?
We talk about the raid on major South Korean exchange UPbit and the sell off of over 8,000 bitcoin by the Mt. Gox Trustee.
Let’s get into it.
Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple
Bitcoin price analysis: BTC/USD lethargic under $10,000
Bitcoin price is dancing slightly under $10,000 after failing to maintain headway over the weekend session. The bears are still holding onto the joystick. A triangle breakout will strongly determine where Bitcoin heads to next.
Ethereum market update: ETH/USD struggling with a lower high pattern
Ethereum was easily among the best performing cryptocurrencies last week. Besides, rising to a one-month high around $225, the buyers nagged to defend the critical $200 support building bear pressure cross the market.
Ripple market overview: XRP/USD falling wedge pattern breakout looms
Ripple price continued with the lower leg action throughout the weekend session. The trading on Monday also started with the bears cementing their position and influence over the price.