Categories: News

Bitcoin [BTC], Litecoin [LTC] and Ethereum [ETH] up by more than 3% as markets see a fresh wave of money

On Saturday afternoon, the cryptocurrency market saw a fresh wave of money. All the tokens are showing green candlesticks, with TenX, Loopring, and Augur leading the new wave. Major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Litecoin too see themselves in the green zone after a week of a bearish trend.

Among the top 10 cryptocurrencies, Litecoin is leading the race by being up by 5%. Bitcoin and Ethereum have increased almost equally with 2.4-2.6% increase.

In terms of overall market valuation, $3 billion has been added to the cryptocurrency markets. Currently, the cryptocurrency market has a valuation of $125 billion.

Past pattern of the markets follow a typical trend –  suddenly shoot upward up to $131-133 Billion, stabilize for a few days and suddenly shoot down to $121 – $122 Billion range, and this trend looks similar. Many investors and traders believe an unknown whale (or a group of whales) is manipulating the market.

Bitcoin is struggling to break the $4,175 resistance mark. If Bitcoin crosses $4,500 many analysts believe it could trigger a potential bull run up to which Bitcoin could potentially touch $5,500. But according to many influences, Bitcoin hasn’t bottomed yet. It’s interesting to note that most of these “influencers” have predicted wrong around 95% of the times.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

Share
Published by
Ishan Garg

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago