Nearly all crypto prices improved in the third week of April, except Bitcoin and Ethereum. Learn more about the factors affecting the price movements here.
Most crypto prices improved this week. EOS (EOS) and Litecoin (LTC) led the group of cryptos in the bullish pattern. Bitcoin (BTC), Ethereum (ETH), and other cryptos, on the other hand, struggled to keep their momentum this week. Find out in this Crypto Exchange April WK3 2018 roundup the factors that could have affected the price movements of the top 10 cryptocurrencies.
EOS has been showing steady improvements for three consecutive weeks, surpassing Litecoin and grabbing the 5th spot on the global ranking. Plus, the EOS price could rise even higher, especially with EOS being part of the supported currencies on ZebPay exchange. Another reason for EOS’ price increase is the partnership with Worldwide Asset eXchange (WAX).
Litecoin price also surged this week as TenX, a company that offers crypto wallets, now supports Litecoin. The launching of Litecoin trading on Korbit, South Korea’s second-biggest crypto exchange, could have propelled the price further upward.
Meanwhile, the Ethereum price fluctuated this week. A contributing factor could be the coin’s volatile price. But there is a big chance for the Ethereum price to have a stable bullish pattern next week as Ethereum Capital’s Ether investment can now be traded in Aequitas NEO exchange.
Just like Ethereum, Bitcoin failed to keep its progress from last week. The Bitcoin price struggled to stay in the bullish pattern after rumors spread about the coin being used for tax evasion and money laundering.
The fluctuating Bitcoin price could affect Bitcoin mining. Miners now plan to move to another currency if the price continues to hit the US$8,000 mark. Crypto broker Jim Luorio, however, still believes that the Bitcoin price could bounce back higher than before, especially with an increasing number of crypto investors. With this, the Bitcoin price may go up, as well as the price of some altcoins.