Analysis

Cryptocurrency Price Analysis- 14th May to 21th May

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A week that saw Cryptocurrencies back on track in the Bull run, being faced with a drastic fall. It then corrected itself with a slow gain which is looking positive.

Toshi Times analyses the top best-performing cryptocurrencies regarding market cap for this week- Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS.

BTC/USD (Bitcoin)

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On May 21, 14:59 UTC BTC is recorded to be $8409.8 with a trend of a steady rise in price.

Last week on May 14th, the price of BTC was in the range of $8700. It then fell drastically on 14th to price levels of $8300. It then started rising high to levels of $8800. It then started falling from the 15th of May with a low of below $8000 on the 18th of May. It later corrected itself and bounced back above the $8400 mark.

ETH/USD (Ethereum)

On May 21, 15:24 UTC ETH is recorded to be $699.56. It is the same level as the week before, on May 14th. However, there have been significant rises and a substantial fall during this one week. It started rising to levels nearing $740 in the late night of 14th May. It then suddenly dropped to levels of $680 on the 16th of May. It eventually fell further to $660 on the 18th of May. It finally started correcting itself to the $700 mark.

XRP/USD (Ripple)

On May 21st, 15:38 UTC XRP is recorded to be $0.67620 which is a fall from the levels of $0.73000 on 14th May. It was going steady until 15th midday when it fell to levels of $0.67000. It then showed Bullish signs till 17th when it then suddenly came crashing down to levels near $0.65000.  It then gradually increased to $0.70000 on the 21st of May morning.

BCH/USD (Bitcoin Cash)

On May 21, 15:54 UTC BCH is recorded to be $1223.4. It has made a dramatic fall, from a price level of $1475 on the 14th of May. It then gradually started falling, and on the 16th of May, it reached levels below $1250. It began to fall further touching $1150 by the midday of 18th May. It has now slowly risen but is still in a state of correction.

EOS/USD

On May 21st, 16:00 UTC EOS is recorded to be $13.2750. It has been a week of ups and downs, but not in extreme levels. On the 14th of May, it was in a high of $14.8000 price levels which slipped down to levels of $12.0000 on the day of 16th May. It then corrected back to levels of $13.8000 on 17th May. It eventually fell again till levels of $12.0000 where it then corrected back to levels of being above $13.

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Amrit Mirchandani,  A hustler, who believes there is a solution to every problem. A strong believer of Blockchain and a Cryptocurrency enthusiast!
Currently living in the Digital Hub of India, Pune and an extremely friendly and optimistic person. Born and raised in the beautiful island of Sri Lanka and have run businesses ranging from Agriculture to the Digital World. I have had crazy Experiences in Asian Busy towns like Mumbai and Kuala Lumpur to African nations such as Madagascar.