In the Sunday edition of our cryptocurrency expert analysis right here on DC Forecasts, we are seeing a lot of green on the crypto market, which is perfect considering the negative movement last week.
Today, the altcoin which is in the spotlight is Stellar (XLM), which skyrocketed by 25% and reached a price of $0.297, securing the fifth position on the largest cryptocurrencies by market cap.
Bitcoin, on the other hand, has established a short-term bullish trend for its continuous, yet slow rise over the past few days. The biggest cryptocurrency by market cap is now trading at $6,757 with no signs of stopping the slow-yet-bullish momentum.
Among other altcoins which surged over the past few days are Ethereum, Ripple, Bitcoin Cash, Litecoin and Cardano – all of which rising in terms of their value.
From the $6,110 support area which was initiated last week, Bitcoin is now with around $700 in the green, trading higher and breaking new margins every new day. However, a change of this scenario is still realistic, considering the low market volatility over the past month.
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