Crypto Markets Hit 11 Month High as XRP Gets a Partnership Boost

Crypto markets have reached their highest level since July 2018 in terms of market capitalization. The momentum has come from Bitcoin hitting another 2019 top, and Ripple’s XRP pumping on a new partnership announcement.

Bitcoin has been grinding higher for the past 24 hours until it topped $9,400 briefly marking its highest price since early May 2018. There is heavy resistance above this and BTC quickly started to retreat back to the $9,200 area where it was trading this time yesterday. According to coinmarketcap daily volume dumped 25% in an unnatural looking spike so the figures could be spurious.

Ethereum has been static again and remains at $270 where it was this time yesterday. Without any solid fundamentals ETH remains sluggish and unable to push towards $300. It is still 80 percent down from its all-time high and ‘altseason’ has yet to materialize.

Read More at NewsBTC

#Cryptocurrencies #XRP #Bullish

1xBit Salah.gif
1xBit Casino.gif
Antminer Banner.png