CryptoComes Original Article
The cryptocurrency market is about to finish 2020 positively as all coins from the Top 10 list are in the green zone.
The key data for Bitcoin (BTC), Ethereum (ETH) and XRP on the last day of the year:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$540,599,030,598 | $28,983.67 | $47,658,570,710 | 4.05% |
|
Ethereum |
ETH |
$85,481,263,201 | $747.51 | $17,119,739,343 | 2.83% |
|
XRP |
XRP |
$10,040,237,513 | $0.220242 | $7,070,635,238 | 5.26% |
BTC/USD
Yesterday, bulls continued their race and, by the end of the day, the Bitcoin price was able to test the $29,000 mark. By evening, the pair set an absolute record at the point of $29,300 and, this morning, it rolled back slightly from the maximum zone.
It looks like the bulls have secured a foothold to break through the $30,000 level by the end of the year. If the pullback does not continue below $28,000 then, this coming year, one may expect to reach a psychological maximum of $30,000.
Bitcoin is trading at $29,086 at press time.
ETH/USD
Yesterday, in the morning, buyers tried to break through the resistance of the upper border of the ascending channel. But until this morning, the Ethereum (ETH) price was unable to gain a foothold above this trend line.
At night, the pair marked a new annual high at around $758, but sellers returned the Ether price to the upward channel. If buyers cope with the strong resistance of the upper border of the channel, then by the end of 2020 the price of ETH will test the psychological mark of $800.
Ethereum is trading at $749.27 at press time.
XRP/USD
Yesterday, sellers tried to push the XRP price back to the lower border of the channel, but the pair managed to hold on to the $0.213 level.
Nevertheless, the market capitalization of XRP fell below $10 billion, and the asset lost its third place on CoinMarketCap's list of the most capitalized cryptocurrencies, shifting to fourth.
The price will likely remain in the sideways consolidation until the end of the current year. Buyers may try to restore the price but, most likely, they will not have time to break through the resistance of the two-hour moving average EMA55 and the pair will continue trading sideways.
XRP is trading at $0.2233 at press time.
