Almost all crypto prices moved back north this week, leaving Litecoin and Cardano in the red. Learn more about the price movements here.
Cryptocurrency prices continue to recover this week. Bitcoin (BTC) and Bitcoin Cash (BCH) are among the digital coins that showed positive movements this week, while Ripple (XRP) and Ethereum (ETH) led the group of cryptos that struggled to keep their momentum. Learn more about the crypto price movements through this crypto exchange February WK4 2018 roundup.
Bitcoin price bid farewell to its poor performance from last week as it exceeded the US$10,000 mark once again this week. The investments made by companies like The Legends Room as well as the increasing Bitcoin searches online might have pushed Bitcoin to sustain its price stability in the past days. Crypto analysist Chief Tom Lee said he expects the Bitcoin price to soar and reach US$20,000 again by mid-year.
Bitcoin Cash joined the upward price trend after Calvin Ayre, a crypto enthusiast and gambling tycoon, revealed his plans to build a Bitcoin Cash holiday resort in Antigua. IOTA, another cryptocurrency belonging to the cryptos with the largest market caps, had a significant growth in its price for this week as users are switching to this altcoin because of its free money transfers and partnership with Volkswagen.
Meanwhile, Ethereum price struggled to rise after the Ethereum exchange hacking incident in February 2018. Ethereum users ask for a refund for their lost ethers. The price of Litecoin and Cardano, in contrast to the good performance of the rest of the altcoins, sank this week. Cardano users complain about their big losses, and this might have caused the altcoin’s downward price pattern.