During the week of January 24 to 31, 2021, the market remains with constant ups and downs. More than 40% of altcoins show a downward trend; while a large majority have experienced slight growth, and some exceed 200%, according to criptonoticias.

The most appreciated cryptocurrencies in these seven days are led by Dogecoin (DOGE), whose value appreciated substantially after the purchase action coordinated by the WallStreetBets group of GameStop shares. Something similar happened with Ripple’s XRP, which ranks second despite Ripple Labs’ legal troubles. It is followed by Siacoin (SC), ranked third amid preparations for its next hard fork.

The list of crypto assets for the week is completed by Decred (DCR), which released a new version of its software; and Stellar (XLM), which invests $ 5 million in the Wyre Business Fund, a blockchain payments company.

It is very clear that on the hourly chart of Bitcoin, the price remains within a downward channel. For some, it is a bullish flag, but for us, it is a flag that may touch the EMA300 support at 30313.52 again. At the time of this report, the price was supported by the EMA50 exactly at 32662.67.

Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link

Read Also:   UBS Group Reportedly Planning to Launch Crypto Services to its Wealthy Customers