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Weekly Price Analysis of Top 3 Cryptocurrencies: Bitcoin, Ethereum and Ripple

The cryptocurrency market is going through its pretty good time. Some of the cryptocurrencies are performing very well and going with the bullish movement. On the other hand, some of them are under bearish pressure but experts are predicting that they will catch up with bullish market soon.

The weekly performance of the top three cryptocurrencies such as Bitcoin, Ethereum and Ripple has been through ups and downs, but Bitcoin is holding strongly on its bullish value. Ethereum and Ripple have experienced the pressure of the bearish trend in the market.

Bitcoin Weekly Status: If we see the Bitcoin’s position throughout the past week in the market and it is holding its position against the bearish pressure strongly. On May 6, 2019, Bitcoin started with a value of $5,600 in the market. It is a good thing that Bitcoin is holding its position around the level of $5,400 to $6,000.

Yesterday, the value of Bitcoin has reached at the resistance level of $7,503.87, which is the all-time high of the past week. The lowest value of the previous week was $5,653.69.  The Bitcoin value increased by almost 21.77% and the most active exchanges along with BTC in volumes were BitMex with 22.31%, Negocie with 5.12% and ZBG with 2.83%.

Ethereum Weekly Status: In the past week, Ethereum was trading at the value of $177.90 USD with the 9% increase in its value. Ethereum has begun its value movement with the bullish trend. The highest value of the Ethereum previous week was $203.47 USD and the lowest value it reached under the bearish pressure was $159.99 USD.  As in the volumes, the exchange which was most active with ETH across different pair last week were OKEx with 2.91%, ZBG with 4.98% and BW.COM with 3.47%.

The Co-founders of the Ethereum Vitalik Buterin and Joseph Lubin donated 1,000 ETH to the Ethereum Support Development.

Ripple Weekly Status: Ripple has been through ups and downs in the past week. Ripple started with the trading value of 0.298660 USD the previous week. The highest price Ripple touched was $0.336324 USD and the lowest value the Ripple had been was $0.294114 USD. The crypto exchange that was most active in the terms of volume, with Ripple across different combinations the past week were DigiFinex with 4.95%, BW.com with 10.21% and ZBG with 9.54%.

The Ripple’s Cofounder Chris Larsen has decided to consolidate with the International Monetary Fund’s panel.

About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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