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24 May 2020

Bitcoin, Ether, and XRP Weekly Market Update May 18, 2020

Bitcoin, Ether, and XRP Weekly Market Update May 18, 2020

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The top 10 currencies are all in green for the same time period with Bitcoin SV (BSV) and Ether (ETH) being the best performers with 8.1 and 7.5 percent of gains respectively.

The coin was rejected at $9,500 and the long-term downtrend, which resulted in an 8.4 percent correction.

The mid-weeks session on Wednesday was again positive for buyers as their preferred digital asset added 5.6 percent and climbed to $9,315.

The coin fell all the way to $9,307 and erased 5 percent of its value.

It was 10 percent down for the week.

On Tuesday, May 12, the ETH/USD pair climbed up to $189 in the aftermath on the Bitcoin halving and suggested it might be in for more gains in the coming days.

The ETH token erased 4.4 percent of its value and stopped at $194 after finding its bottom near $192.

It was 10 percent down for the week and continued to be is stuck in the wider $0.18-$0.23 area for more than a month.

The last day of the workweek came with a correction to $0.197 as the coin lost 3.4 percent of its value, but remained in the uptrend corridor.

OMG added 30 percent to its value for the last seven days and is 70 percent up for the 30-day period.

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