yptocurrency market is on the path of concluding the week on a neutral note as Bitcoin (BTC) and altcoins record a consolidated price action. Notably, with a trading volume of $128.33 billion, the crypto space has grown by 2.65% today. With this, Bitcoin price has maintained its $105,000 mark this week, suggesting a strong bullish action in the market.
Additionally, the altcoin market has followed in the footsteps by displaying a similar price trend this week. While the Ethereum price hovers around the $2,500 range, the XRP price continues to breach its $2.35 mark
Ethereum Price Forms Consolidated Trend!
The ETH coin price successfully holds its $2,500 mark this week. However, it has entered into a consolidated price action as it has been constantly trading within the $2,750 and $2,500 range. When considering the longer time frame, this altcoin hints at bullish reversal as the market is stabilizing. With a project valuation of $304.026 billion, it dominates by 9.2557%
XRP Price Retests Its Major Support Zone!
Ripple’s XRP price records a neutral price action over the past seven days as it has displayed a variation of less than 1%. This highlights a cool-off period for the altcoin in the market. However, with a market capitalization of $128.64 billion, it continues to dominate the 4th position with a contribution of 3.945% in the total market valuation
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