Cryptocurrency market watch – Is a reversal nigh?

The week has started on a positive note and investors in the cryptocurrency industry are hoping for some good news going into the holidays. To this end, the market is green today, Monday, December 17, 2018. This has caused some optimism, with everyone involved hoping that this is the beginning of the anticipated recovery.

Bitcoin Cryptocurrency

Bitcoin increased by almost 2% after dropping lower than $3200 last week Friday. It is now trading around $3,245. Whatever happens here directly impacts most other coins.

Ethereum Cryptocurrency

Ethereum gained almost 4% from last week Friday, and looks like it will keep making modest gains throughout the day, having already gained 0.72% already today Monday, December 17, 2018.

Ripple is still the second leading cryptocurrency by market cap and has also made some early gains today. Although its current price is still lower than at the same time last week, Ripple has increased by 2% over the last 24 – 48 hours, trading around $0.29.

There are other reasons to be optimistic as other notable coins have also made gains within a short time. Litecoin gained 10% over the weekend while BSV gained nearly 16%. For a market that desperately needs some good news, the new week has started very well.