The cryptocurrency market continues to correct.
Cryptocurrency market is showing recovery after a divergence last week, commodities follow the lead, hence Bitcoin was able to gain 1.1%, Ethereum 3.56% and Ripple recovered 2.0% in price.
On Thursday, August 20th, BTC is falling while investors are looking for reasons to resume buying. The asset is mostly trading at $11,755.
After updating their respective highs once again, all assets have started descending corrections, which may be considered just as another movement to the downside before a further uptrend.
On Tuesday, August 18th, ETH is slowly falling; the cryptocurrency is consolidating in anticipation of possible movements. The instrument is mainly trading at $430.92.
The price movements of crypto exchange tokens are strongly connected with the crypto trading platform itself. Therefore, AAB token, a native token for the fast-rising AAX exchange, is poised for a massive price rally.
Bitcoin fails to break $12,000 providing minuscule weekly returns.
XRP stopped falling. On Friday afternoon, the asset is consolidating at $0.2942 USD.
Governor Lael Brainard in his speech yesterday, August 13, has updated the state and status of the digital currencies in the U.S.
On Thursday, the ETH price is up and the coin is trading at $396. The cryptocurrency is looking quite good and even confident.
Swipe on its official blog has announced that it is waiving the 1% commissions for purchase/sell and transaction of cryptocurrencies. Not only commissions are gone, but Swipe cards are also fee-free and are shipped with no cost.
Cryptocurrencies are still correcting before another attempt to start a new bullish impulse. In charts of many cryptoassets, they are forming a Triangle pattern, a breakout of which to the upside may lead to the continuation of the current trend.
A few hours before the weekly open Bitcoin’s price crashed.
Celebrities and high-profile public figures such as members of the Dragon’s Den, Piers Morgan, James McAvoy, Elon Musk, Richard Branson, and Martin Lewis are used excessively by Bitcoin scammers for promotional purposes.
On Thursday, August 6, BTC has stopped growing, waiting for new catalysts. It is generally trading at $11,745.