Cryptocurrency Price Analysis for the Week – 16 to September 22

Market News

September 22, 2019

Market News

Welcome to cryptocurrency price analysis for the week.

Bitcoin (BTC)

The Bitcoin seems to have found a new home as it hovers close to USD 10000 squeezing the range of top and bottom. These levels seems to be the new home for Bitcoin. The prices hit a high point of USD 10,386.87 and the lowest point of USD 9,851.69 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, RightBTC (2.85%), BKEX (2.32%) and IDAX (2.20%)

Among prominent news around Bitcoin, William Mouyagar, a crypto influencer and author of the famous book “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology” said that he believes that bitcoin will get to $25,000 when 2019 comes to a close.

Ethereum (ETH)

Ethereum is back to life and now sits over USD 200. Ethereum on the top, this week were at USD 222.87 and were at lows of USD 189.69 . The markets that were more active, in volumes, with ETH across various pairs this week were Coineal (4.98%), CoinEgg (4.37 %) and LBank (3.11%)

Among news surrounding Ethereum, the ProgPow proposal, which will reinstate an ASIC-resistance hashing algorithm has faced backlash from the Ethereum wider community despite some consensus from the Core Devs

Ripple (XRP)

On the top, this week the prices of XRP were at USD 0.322034 and towards the bottom it quoted USD 0.259181. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BCEX (5.28%), RightBTC (5.10%) and LATOKEN (4.47%)

For XRP this week, SVP of product at the Ripple, Asheesh Birla said that Ripple is working on expanding their XRP-powered cross-border payment product xRapid.