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Crypto Weekly Summary – Top Cryptocurrency Pairs

Ethereum

ETH/USD

ETH/USD cryptocurrency pair registered a new high record from $3,473.51 to $3,610.04. With a rise of 6.77% the previous day, the pair is rising quicker than BTC. While writing this, Ethereum values at $3,563. However, you may expect a more bullish trend with this asset. Keep in mind that the trend continues to rise, even after the false 50% Fibonacci retracement breakout.

Various factors drove the ETH/USD value higher. For instance, you aware of the rising crypto demand in the current market. Many institutions are jumping aboard to benefit from the lucrative opportunities in the sector.

Bitcoin

BTC/USD

It is another crypto pair that you need to watch. Since the past week, BTC/USD is stuck trading between $53,000 and $59,000. With an only 2% increase since yesterday, BTC is rising sluggishly than most altcoins. As much as the BTC price is rising slowly today, the asset remains bullish when looking at its long-term potential. The coin’s trading volumes keeps decreasing, indicating fewer seller in the market. For now, you can expect BTC prices at a $60,000 resistance level. At the time of this writing, BTC/USD pair values at $56,129.9.

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Binance

BNB/USD

What you might need to know is that BNB has maintained constant prices since yesterday. The price fluctuations established -0.73%. The best thing is that BNB/USD cryptocurrency pair extended its last bullish bias, remaining over $638 level. The asset has a lower selling volume, translating to bullish dominance.  Will the bulls get the Binance rate to a $638 resistance level in the few days to come? For now, BNB/USD crypto pair trades at $640.38.

1 Inch

1inch/USD

1inch/USD is a cryptocurrency pair that is among the top gainers of the day. That is after the coin’s value rose by over 20%. Although its growth may proceed, investors can expect some correction to the $6.65 mirror level. Can you consider that move as a way of gathering liquidity for growth in the future? Currently, 1inch/USD cryptocurrency pair trades at $7.03.

Litecoin

LTC/USD

LTC/USD pair trades at $363.621 as of today, up 10.90%. That is the biggest percentage gain per day since 5th May. The upward move pushes Litecoin’s value to $23.857 billion, which is 1.01% of the crypto market cap. Keep in mind that Litecoin reached its highest market cap at $23.701 billion.

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We are here for more crypto updates. Enjoy your weekend.

Eino Kinnunen (Finland)

Eino is a new writer for Tokenhell, he resides in Espoo, Finland and he has been a crypto journalist for over 3 years for various cryptocurrency news agencies.

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