Bitcoin Price Hits $10,400 and Most Cryptocurrencies Moving Upward

By Luke Flowers – Cryptocurrency Enthusiast

On September 2, the cryptocurrency markets have shown life and displayed positive price movements after stagnating for most of the day.

After trading close to $9,700, the Bitcoin price has shown an impressive movement. At the time of writing, the most popular cryptocurrency in the world is trading at $10,381, up 6.63% on the day. Sentiment to buy Bitcoin seems to have increased but, can it last?

Source: Coin360

Earlier, Cointelegraph reported that Bitcoin is trying to bounce back from the trendline and if the BTC/USD pair starts picking up momentum over the moving averages and breaks out of the downtrend line, it could lead to a retest of the yearly highs at $13,973.50. This still would take many users to buy Bitcoin for that big of a price rise.

Besides that, Ether (ETH) the most popular altcoin has also picked up traction trading at $178.53. Up more than 4.5% on the day at the time of writing. Though not the same gains as Bitcoin, this is still great as Ethereum has recently experienced a decline. This recent decline could have induced some to buy Ethereum at this lower level.

Source: Coin360

Ripple’s XRP token, like many of the other cryptocurrencies has been steadily trading all through the week and is now showing gains of over 2% at $0.26 at the time of writing, shown in the following chart.

Source: Coin360

XRP has been one of the most underperforming cryptocurrencies in 2019. Are we soon to see a demand to buy XRP after stagnating in price for an extended period?

You can buy Bitcoin UK, XRP, Ethereum, Litecoin, VeChain as well as a huge list of other cryptocurrencies so make sure you check them out!