Price Update: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)
The world’s three largest cryptocurrencies by market capitalization Bitcoin (BTC), Ethereum (ETH), and XRP are currently performing well as they all are trading in the bullish zone at the moment. All of these three digital assets have already recorded their yearly high values. Bitcoin the world’s largest cryptocurrency has even retested its all-time high value recently by hitting above the price level of $19,900.
· Bitcoin (BTC)
Bitcoin, the top-ranked digital currency is currently trying to hold its momentum by staying above the price level of $19,000. After hitting its new all-time high value at around $19,900, the price value of the coin crashed by more than $1,000 within the duration of just a few minutes recently. However, it rebounded very well and has once again come back above the $19k figure.
It is currently facing huge resistance ahead at $20,000. The leading digital coin has made one attempt at this resistance but could not find any success. However, it is once again preparing for breaking this resistance. At the press time, the price value of the coin is trading at around $19,200 with a price increase of 0.35 percent in the last 24 hours. On a weekly basis, the price value of the coin is up over six percent. This shows that the leading digital coin is still able to hold its positive momentum.
· Ethereum (ETH)
The second-ranked cryptocurrency Ethereum, on the other hand, is also trying to stay in the bullish momentum. Ether is currently looking ahead to reclaim the key price level of $600 in the short-term case scenario. The $600 breakout is crucial for the coin to maintain its position in the bullish zone. If ETH faced rejection at this resistance in the coming days it may enter into the bearish zone. At the time of writing, the price value of ETH is trading at around $595 with a change rate of 0.31 percent in the past 24 hours.
· XRP
XRP, the native cryptocurrency of Ripple was the largest gainer in the month of November. Last month, it recorded its three-year high value of $0.76. Though its price has moved down to trade around the $0.60 level it is still outshining major digital assets in the cryptocurrency market at the moment.
