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Local growth continues on the cryptocurrency market, according to CoinStats.
The rate of Bitcoin (BTC) has increased by almost 1% over the last 24 hours.
On the daily chart, the price of BTC is on the way to test the zone of $42,000. If the bar closes near it, the accumulated energy might be enough for a blast to the $43,000 area next week.
Bitcoin is trading at $41,790 at press time.
Ethereum (ETH) has gained less than BTC, going up by 0.79%.
The rate of ETH is trading sideways as the price is far from the key levels. In this case, ongoing consolidation in the area of $2,200-$2,300 is the more likely scenario for the upcoming week.
Ethereum is trading at $2,272 at press time.
XRP has gained the most value today, rising by almost 2%.
From the technical point of view, XRP is trading similarly to Ethereum (ETH). As neither side has seized the initiative yet, traders should expect sideways trading between $0.53 and $0.55 soon.
XRP is trading at $0.5305 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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