Crypto 7-Day Price Watch

Published Fri 27 Aug 2021 04:23 by Market Analyst

The crypto prices are in the range; the market seems moving up and down with no clear trend. We have listed the most promising coins and their gain and loss price percentages.

Bitcoin: BTC, often considered the king of the crypto space, gained a good percentage over this week and touched $50,400. This gain here is a magnificent rise over two months, where the price touched $28,791 in July. In the last 24hr, it has seen a loss of 1.14% while a growth of 4.95%.

The major news is that the American banking giant Citigroup has filed an application to start trading BTC futures with Chicago Mercantile Exchange (CME), CoinDesk reports. Also, India is looking to make some regulations on Bitcoin.

Ethereum: Ethereum, the first blockchain technology that supported smart contracts, is gaining much popularity between traders, investors, and speculators. Today’s price of ETH is $3,123.69 that is 1.52% in the red. ETH is up by 2.72% over the last week.

The most legendary Venture capitalist Bill Gurley has entered Ethereum, stating that he is a fan of the community and likes the adaptability and pragmatism that he sees. Since Ethereum’s London upgrade is also something to talk about, it has introduced the EIP-1559 fee burning mechanism. In just 20 days, this new tech has burned 100,000 ETH worth $300 million.

Ripple: XRP was seen in loss both in daily and seven-day time periods. Today’s price of XRP is $1.10, which is down 5.56% and 3.15% in 7 days.

Against its ongoing battle with U.S. regulators, Ripple is citing a U.S. Securities and Exchange Commission (SEC) letter to a retail investor.

“Frank”, a random Twitter user, claims that he reached out to the SEC after buying XRP to see whether he purchased a security.
Litecoin: Current value of LTC is $169.46, which is down 3.84% and not much but 0.75% down over the past seven days. According to some crypto experts, Litecoin’s performance would be significant; there was a major resistance zone at the $200 mark. But if the price can break it, it may shoot up and give good returns by the end of the year.

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