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Cryptocurrency News Update: Green roots of recovery take BTC above $9,700

Here’s what you need to know on Tuesday

Markets:

BTC/USD gained over 2% since this time on Monday and settled above $9,600. The intraday high is registered at $9,723. However, by the time of writing, the price has retreated to $9,630. The short-term trend is bullish, while the volatility is shrinking. Despite the recovery, BTC/USD is still below the critical resistance level $10,000.

At the time of writing, ETH/USD is changing hands at $241.90. The price touched $244.68 during early Asian hours, but retreated below the $235.00failed to hold the ground. ETH/USD has gained over 3% in the recent 24 hours, but the upside momentum is losing traction. The coin is moving within a short-term bearish trend amid low volatility.

XRP/USD is irresponsible to the recover attempts. The coin stays below $0.1900, mostly unchanged both on a day-to-day basis and since the start of Tuesday. At the time of writing, the coin is changing hands at $0.1888. From the short-term perspective, XRP/USD is trading within a bearish trend amid expanding volatility.

Among the 100 most important cryptocurrencies, DigiByte (DGB) $0.0215 (+24.3%), Bitcoin Diamond (BCD) $0.7474 (+21%), Ren (REN) $0.1446 (+20.55%). The day’s losers are Flexacoin (FXC) $0.0028 (+14.12%), Aave (LEND) $0.1400 (-10.28%), Compound(COMP) $285.79 (-6.8%).

Chart of the day:

ETH/USD, 1-hour chart

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