Cryptocurrency Market Gains $10 Billion; Bitcoin Price at $7,650

in bitcoin •  7 years ago  (edited)

The cryptocurrency market has increased by around $10 billion over the past 24 hours, as major cryptocurrencies including Bitcoin, Ripple, EOS, Stellar, and Tron surged in the range of 2 to 16 percent. EOS was the strongest performer today, recording a gain of 16.24 percent subsequent to its mainnet launch.

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The descending trendline from May 6 to June 2, covering two corrective rallies on May 11 and May 21, demonstrate that BTC has the potential to regain momentum at its current level, establishing $7,040 as the bottom.

However, BTC has also replicated the head and shoulders top that was formed throughout May 15 to May 20, which ultimately led BTC to fall from $8,500 to $7,040.

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We need to keep this up

Really most welcome sir.

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin7668.290$2.97%2.39%
EOSEOS15.315$26.53%21.58%
XLMStellar0.300$5.17%3.75%
XRPRipple0.644$5.16%4.17%