BTC, XRP, ETH, BCH, And EOS, And Many Others Rise Significantly Against The USD In End Of Year Rally


As the year comes to an end, cryptocurrencies are struggling to break out of the descending channel that they’ve been stuck in since the beginning of the year. Even if the bull rally isn’t as significant as investors would have hoped, it is still better than a bearish fall. Yesterday, the price of cryptocurrencies started gaining against the USD. The top cryptocurrencies were all in green adding some substance to the market capitalization.

Bitcoin (BTC) Price Today – BTC / USD
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Cryptocurrency Price Analysis

The largest cryptocurrency per market capitalization, Bitcoin (BTC), was able to break out of the 20-day EMA yesterday. The relative strength index, however, dipped below 50 showing that the bears were trying to take control of the market. The bulls managed to climb above the 20-day EMA before the end of trading yesterday. If it is able to continue like this, it may be able to trend as high as $5,500 short-term. Falling below the 50-day SMA, however, will lead to a drop as low as $3,236.09. Right now, BTC is trading at $3,938.55. This shows that it is up by 7.21% against the USD. The trading volume over a 24 hour period is $5,663,182,834 and the market capitalization is $68,730,097,725.

XRP (XRP) Price Today – XRP / USD
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XRP (XRP) Price Analysis

XRP broke below the 20-day EMA two days ago but it was able to find support at $0.33108. The bulls will most likely attempt to break out of the resistance at $0.40 soon. Moving passed this resistance will pave a way out of $0.45. Right now, XRP is trading at $0.376603. This shows that it is up by 8.11% against the USD and 0.98% against USD. The market capitalization is $15,363,189,734 and the trading volume over a 24 hour period is $756,421,544.

Ethereum (ETH) Price Today – BTC / USD
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Ethereum (ETH) Price Analysis

Yesterday, ETH tried to bounce off the 20-day EMA. Breaking above this level would have taken the price of ETH above $167.32. The relative strength index is entering the bullish territory. The $136.12 may serve as resistance but crossing above it would give ETH the momentum it needs. Currently, the price of ETH is at $135.85. This means that the price is 14.20% higher against the USD and up by 7.20%. The trading volume is $3,295,054,744 and $14,139,053,835.

Bitcoin Cash (BCH) Price Today – BCH / USD
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Bitcoin Cash (BCH) Price Analysis

Bitcoin Cash (BCH) also broke below the 20-day EMA but subsequently bounced back near $136.72 before the close of trading that day. It started trading inside a descending channel indicating that the bulls were coming back to the market. Right now, BCH is $165.32. It is up by 9.42% against the USD and up by 2.97% against BTC. The trading volume over a 24 hour period is $412,675,996 and the market capitalization is $2,899,112,501.

EOS Price Today – EOS / USD

EOS (EOS) Price Analysis

EOS moved above the $2.4050 level yesterday but it didn’t stay there for long. It quickly fell to $2.3092. Later, it tried to break out of the 50-day simple moving average. Right now, it is trading at $2.62. This means it is up by 11.73% against the USD and up by 4.95% against Bitcoin.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.


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