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Cryptocurrencies head for a winning week after sharp rally fueled by Ripple court decision
A photo illustration of the digital Cryptocurrency, Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are seen on September 13 2018 in Hong Kong, Hong Kong.Yu Chun Christopher Wong | S3studio | Getty ImagesCryptocurrencies headed for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally.Bitcoin is on pace to end the week flat, according to Coin Metrics, and on pace to finish above $30,000. Even with lower-than-expected inflation reported Wednesday and Thursday, the price of the flagship cryptocurrency was flat for most of the week, and after its 4% rally Thursday it was still unable to maintain the key technical level of $31,500. On Friday it was trading lower by 4% at $30,177.80.Ripple's XRP led the rally after a judge in the Southern District of New York ruled that it's a security in some cases but not others. XRP is on track to end the week with a 47% gain. The token tied to Solana is up 22.4% for the week, Cardano's ada has gained 13% and Polygon's matic token in on track to finish 17% higher. Ether is up 3%."For bitcoin, the $30,000 psychological level has been a reliable support for its price, but it has also been struggling to demonstrate an undeniably clear break-out for the past couple of weeks, resulting in a range-bound movement," said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank. "It is somewhat difficult to comprehend the fact that the struggle is still going on."Most
nbmsports.com/cryptocurrencies-head-for-a-winning-week-af...
Cryptocurrencies head for a winning week after sharp rally fueled by Ripple court decision
A photo illustration of the digital Cryptocurrency, Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are seen on September 13 2018 in Hong Kong, Hong Kong.Yu Chun Christopher Wong | S3studio | Getty ImagesCryptocurrencies headed for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally.Bitcoin is on pace to end the week flat, according to Coin Metrics, and on pace to finish above $30,000. Even with lower-than-expected inflation reported Wednesday and Thursday, the price of the flagship cryptocurrency was flat for most of the week, and after its 4% rally Thursday it was still unable to maintain the key technical level of $31,500. On Friday it was trading lower by 4% at $30,177.80.Ripple's XRP led the rally after a judge in the Southern District of New York ruled that it's a security in some cases but not others. XRP is on track to end the week with a 47% gain. The token tied to Solana is up 22.4% for the week, Cardano's ada has gained 13% and Polygon's matic token in on track to finish 17% higher. Ether is up 3%."For bitcoin, the $30,000 psychological level has been a reliable support for its price, but it has also been struggling to demonstrate an undeniably clear break-out for the past couple of weeks, resulting in a range-bound movement," said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank. "It is somewhat difficult to comprehend the fact that the struggle is still going on."Most
nbmsports.com/cryptocurrencies-head-for-a-winning-week-af...