{"id":1178,"date":"2018-07-02T07:38:53","date_gmt":"2018-07-02T06:38:53","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=1178"},"modified":"2019-09-06T07:21:38","modified_gmt":"2019-09-06T06:21:38","slug":"cryptocurrency-prices-stabilized","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/07\/cryptocurrency-prices-stabilized\/","title":{"rendered":"Cryptocurrencies Prices Stabilized Over The Weekend"},"content":{"rendered":"<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">1 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1180\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/cryptocurrency-1-e1530513507894.jpg\" alt=\"\" width=\"600\" height=\"480\" \/><br \/>\n<b><\/b><\/p>\n<p><span style=\"font-weight: 400;\">Cryptocurrencies prices stabilized over the weekend and Bitcoin is in the saddle again. It has regained an important technical level which could pave the way for further short-term rallies. Billions flowed back into the market after the latest brush with yearly lows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><i><span style=\"font-weight: 400;\">CoinMarketCap,<\/span><\/i><span style=\"font-weight: 400;\"> the value of all cryptocurrencies in circulation was nearly $257 billion, after the cryptocurrency market has recovered more than $20 billion in lost value this weekend.<\/span><\/p>\n<p><b><span style=\"font-weight: 400;\">Cryptocurrencies prices stabilized and <\/span>Bitcoin<\/b><span style=\"font-weight: 400;\"> and the major altcoins rebounded double digits on Saturday which was really the resurgence. Bitcoin was little changed on Sunday, as prices approached $6,400 after nine days of agony.The $6,400-$6,500 level is considered to be the next major resistance test for the bitcoin price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other <\/span><b>cryptocurrencies<\/b><span style=\"font-weight: 400;\"> also <\/span><b>stabilized<\/b><span style=\"font-weight: 400;\"> Sunday. <\/span><b>Ethereum<\/b><span style=\"font-weight: 400;\"> traded above $450, bitcoin cash held steady around $740 and <\/span><b>Ripple XRP<\/b><span style=\"font-weight: 400;\"> was virtually unchanged at $0.460.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Four years ago, when bitcoin dropped by as much as 80%, it took 300 days for the bottoming. This year, bitcoin\u2019s 70% price collapse occurred over a much shorter span of 200 days which is a more accelerated version of the 2014 price collapse.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This has led to speculation that the cryptocurrency will experience a faster corrective rally than that previous one.<\/span><br \/>\n<span style=\"font-weight: 400;\">BitMEX CEO Arthur Hayes recently telling CNBC that a rally to $50,000 this year shouldn\u2019t be ruled out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BitMEX CEO Arthur Hayes recently telling CNBC that a rally to $50,000 this year shouldn\u2019t be ruled out, which is a common opinion of fundamental analysts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Disappointing June performance discounted a lot of positive developments in the market, including major developments on the regulatory front in places like South Korea or Malta. After the central bank barred financial institutions from dealing with virtual exchanges or their customers, <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/india-crypto\/\">India<\/a> will propose a new cryptocurrency strategy as early as next week.<\/span><\/p>\n<p>You might be interested: <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/cryptocurrency-stocks-2019\/\">Cryptocurrency Stocks \u2013 The Best to Buy in 2019<\/a><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/your-money-is-at-risk-when-trading\"><b>Risk Disclosure (read carefully!)<\/b><\/a><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/recommends\/city_index_uk\/\" target=\"\" rel=\"noopener noreferrer\"><br \/>\n     <img decoding=\"async\" class=\"size-full\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/ads11-3.png\" alt=\"\"><br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1 min read Cryptocurrencies prices stabilized over the weekend and Bitcoin is in the saddle again. It has regained an important technical level which could pave the way for further short-term rallies. Billions flowed back into the market after the latest brush with yearly lows. According to CoinMarketCap, the value of all cryptocurrencies in circulation [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1004,1005],"tags":[1036,75,109],"class_list":["post-1178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-financial-news","category-market-today","tag-altcoins","tag-bitcoin","tag-cryptocurrencies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cryptocurrencies Prices Stabilized Over The Weekend - Traders-Paradise<\/title>\n<meta name=\"description\" content=\"Cryptocurrencies prices stabilized and Bitcoin and the 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