Cryptocurrency Price Analysis for the Week July 8 to July 14

Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.

Bitcoin (BTC)

This week Bitcoin saw a bit of selling after being on high spirits over the past some weeks. The prices hit a high point of USD 13,129.53 and the lowest point of USD 10,908.48 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, Bit-Z (3.97%), Binance (3.48%) and BW.com (3.22%)

Among prominent news around Bitcoin, An anonymous 4chan user who was spot on in his bitcoin price predictions so far this year, accurately hitting price targets, has predicted BTC will hit $87,000 in November of 2020

Bitcoin price
Source: Coin360.com

Ethereum (ETH)

Ethereum followed Bitcoins move and remained subtle after weeks of positivity. Ethereum on the top, this week were at USD 318.22 and were at lows of USD 263.07. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (4.16%), Bit-Z (3.00%) and L Bank(2.94%)

Among news surrounding Ethereum Dovey Wan, Founding partner at Primitive Ventures, recently tweeted a thread explaining how Ethereum could be bullish over the long term. According to her, over time all fiat coin will be on Ethereum, which makes a bit more bullish on $ETH TBH, as long as Ethereum can be the go-to-choice for all these synthetic assets

Ripple (XRP)

On the top, this week the prices of XRP were at USD 0.402690 and towards the bottom, it quoted USD 0.322926. The exchanges that were more active, in volumes, with XRP across various pairs this week were, HitBTC (5.98%%), BITKER (5.38%%) and BW.com (5.17%)

For XRP this week, XRPL Labs’ developer Wietse Wind hints at ‘XRPL-bridged bank accounts’ for the community to ease payments

The Other Movers and Shakers

The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on July 14 at 5:30 pm IST) were

Movers

  • Bezant – Showing a rise of 323.66%
  • PDATA – Showing a rise of 138.03%
  • FlypMe- Showing a rise of 111.49%

Shakers

  • TransferCoin- Showing a drop of 71.34%
  • Dynamic- Showing a drop of 68.54%
  • Serve – Showing a drop of 60.00%

What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.

The post Cryptocurrency Price Analysis for the Week July 8 to July 14 appeared first on Coingape.