RATE Group | Bitcoin recovers weekly losses, aims at $10,000
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Bitcoin recovers weekly losses, aims at $10,000

24 May Bitcoin recovers weekly losses, aims at $10,000

Posted at 11:36h in Cryptocurrency News by

Here’s what you need to know on Thursday

Markets:

BTC/USD is changing hands at $9,530, having gained over 6% in the recent 24 hours. The first digital coin recovered from the intraday low of $9,260, however, the short-term trend remains bullish. The next critical resistance is created by $10,000. 

ETH/USD moved above $201.00 and retreated to $199.70 by the time of writing. The second-largest coin has barely changed since the beginning of Thursday and increased by 4.3% on a day-to-day basis. Now ETH is moving within a short-term bullish trend. The volatility is shrinking.

XRP/USD is hovering marginally above $0.2000 after a successful attempt to break the upper boundary of the recent consolidation range $0.2000-$0.1900. While a sustainable move outside the range is a positive development, we still need to see a follow-through for the momentum to gain traction. XRP/USD is trading within a bearish trend amid low volatility.

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