Crypto markets continue their slight upturn after this month’s lows, with BTC and ETH above psychological price points $7,000 and $400.
April 3: Bitcoin (BTC) is still above $7,000, and Ethereum (ETH) is also back above the psychological price point of $400, as the crypto markets see another day of green upticks, according to Coin360 data.
BTC is currently trading at around $7,408, up more than 5 percent over a 24 hour period to press time. This month had seen BTC dip below $7,000 among news that Twitter would ban all crypto-related ads, and marketing automation platform MailChimp reportedly began closing crypto-related accounts.
ETH is up a little more than 4 percent over a 24 hour period, trading at around $406 by press time.
Of the top ten coins listed on CoinMarketCap, Ripple (XRP) is up the most, almost 9 percent over a 24 hour period – despite the coin’s overall poor first quarter performance – and trading for around $0.54.
The week’s slight upwards trend goes in line with several wins for crypto tech adoption, with the “first” all-Blockchain commodity trade completed with a shipment of gasoline from China to Singapore, and US healthcare company UnitedHealth Group announcing its use of Blockchain for storing and updating records.
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Author: Molly Jane Zuckerman