Bitcoin Rate on the Upswing: Holding the $ 4,000?

The Bitcoin price broke through the $ 4,000 mark again on the night of March 16. Other cryptocurrencies such as Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) are also experiencing a slight upswing. But how sustainable is the development?

The Bitcoin price was finally able to break the $ 4,000 mark. Previously, this was considered an important psychological brand, where the course of the cryptocurrency number one bounced again and again. But how sustainable is the price development? A brief overview of the situation at the crypto market.

Ripple (XRP token) increases

Currently, the XRP token is $ 0.32. Thus, the token, which is closely related to the company Ripple, increased by 2.45 percent in the last 24 hours. Correspondingly, the so-called Bankencoin is in third place of the crypto currencies – shortly after Ethereum.

Ethereum is over $ 140

At Ethereum, things are looking good again. In the last 24 hours, the ETH course has increased by just under six percent. With a market capitalization of just under 15 billion US dollars, it is thus again stable in second place of the crypto currencies. Distance to Ripples XRP: nearly two billion US dollars.

Litecoin is in fourth place

Litecoin has also performed very well in recent months. Meanwhile, the Litecoin rate is just under $ 62. In the last 24 hours, he rose by six percent.

Bitcoin Cash is picking up speed

Bitcoin Cash performed particularly well in the last 24 hours. A whopping 14 percent put the (partially unloved) stepbrother of BTC on Kursparkett. This puts the price currently at $ 157 Bitcoin Course: How sustainable is the development?

Bitcoin Course: How sustainable is the development?

Passing through the $ 4,000 can certainly be seen as a positive signal. After the Bitcoin price rebounded again and again in recent weeks, it is currently actually at just under 4,050 US dollars (as of 16 March). Much speaks for a fundamental, but also from a technical point of view that it is now uphill.