BTCUSD
Bitcoin fell 2.1% to $ 6,395.8 at 12.53 WIB on the Bitifinex exchange.
Ethereum slumped 3.6% to $ 198.02 and Litecoin tumbled 5.5% at $ 49.611. The XRP sank 2.9% to $ 0.44956 at the Poloniex exchange.
Today the price movement for BTC USD tends to be sideways, it can be concluded from the candlestick pattern formed in H1, the candle is lined with a small body shape, indicating that the transaction volume is not much different where for the current price BTCUSD is at 6307.4600, while the RSI shows number 56.4588, meaning that for now the price is still at the resistance level but has not reached the overbought area, this is seen by using the H1 timeframe
While if we using timeframe H4 hence we will get the different view about this case
Stochastic oscillators have entered the overbought area where the numbers for stochastic show 82.3799, and quite different from the RSI which shows the number 47.5634, both indicators indicate overbought and oversold areas, but if both indicators are not valid, there are no sell or buy signals if based on indicators
Meanwhile, data from coinmarketcap shows
Market Cap $ 110,910,677,669 USD 17,353,650 BTC
Volume (24h) $ 4,199,665,484 USD 663,925 BTC
Circulating Supply 17,353,650 BTC
Max Supply 21,000,000 BTC
At current prices
$ 6,391.20 USD (0.94%)
There was an increase in prices even though only 0.94% for today
ETHUSD
There has been no significant price change for ETHUSD today, the neat arrangement of candles is still lined up as a sign of price moves not too high today, although today there was an increase of 0.92% but price changes are still possible to go back down
The stochastic indicator shows that the current price by using the H1 timeframe has entered the overbought area where the indicator shows the number 94.1797, while the RSI shows the number 48.3914, there are different signals from the two indicators, so there is no valid signal to sell or buy for this pair
But there is news that might be able to boost the rise of ETH values where Ashley Alder, SFC chief executive said at a fintech conference in Hong Kong on Thursday that the regulator will announce later a "new exploration approach" about how virtual asset trading platforms can be arranged.
In other news, Morgan Stanley (NYSE: MS) said in a report that it would now classify cryptocurrency as a class of institutional assets.
The amount of managed virtual coin assets has increased in the past two years with a value of $ 7.11 billion currently held by hedge funds, venture capital companies and private equity companies,
Data for Ethereum coins from coinmarketcap are as follows
Market Cap $ 20,514,865,392 USD 3,243,196 BTC
Volume (24h) $ 1,450,336,041 USD 229,284 BTC
Circulating Supply 102,930,959 ETH
With current prices
$ 199.31 USD (0.92%) rose 0.92% today
ETH now on rank 2 on top cryptocurrency
XRPUSD
Not much different from the BTCUSD cryptocurrency pair and also ETHUSD, the price movement on XRPUSD is also still flat, but when compared to the two pairs, the XRPUSD price change is higher by 2.14%
Stochastic shows the number 84.7034 while the RSI shows the number 52.8655, the price range enters the overbought area with an oscillator, but the RSI signal shows the possibility of the price going up towards 0.46000
Meanwhile, data from the coinmarketcap for today is as follows
Market Cap $ 18,147,777,779 USD 2,868,983 BTC
Volume (24h) $ 435,054,530 USD 68,778 BTC
Circulating Supply 40,205,513,967 XRP
Total Supply 99,991,797,922 XRP
Max Supply 100,000,000,000 XRP
The current price with USD is
$ 0.451375 USD (2.14%) up 2.14% from the opening price
XRP is in Rank 3 of the Top Cryptocurrencies