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Bitcoin is getting closer and closer to the $ 3,500 critical support level that some people felt would remain for a while. Ethereum earned a dollar in one night. But more specifically, Litecoin did the same – more than a dollar, in fact.
The confidence in Litecoin seems to increase after its new brand image. Altcoin, which is supposed to be "Bitcoin Gold Money", is seen as having a growing community and user base. On the same note, Augur continued its growth pattern over the 24-hour period, averaging over $ 13.
Bitcoin Price Edge to Crucial Level $ 3,500
The price of bitcoins reached a record 2450 dollars over 24 hours on Coinbase.
There remains an interesting arbitrage opportunity between the main exchanges.
Another day, another ridiculously wide arbitration spread. Bitfinex once again has a premium on Bitcoin, creating an obvious arbitrage opportunity for traders with accounts on both stock exchanges.
Buy on Coinbase, sell on Bitfinex? Perhaps. Maybe applications like Voyager are not so crazy with their business model "connect to all exchanges".
The gap is close to $ 100 from one exchange to the other.
Weekend trading can sometimes be heavier with Bitcoin, as part-time traders spend hours on it. We will see Monday in which direction the volume has borrowed crypto OG.
Ethereum prize: minor gain
Ethereum went from two days to about $ 106. The average across all markets was $ 107 at the time of writing.
Ethereum earned a dollar in one night. Trading on weekends is unpredictable. We will see where we are on Monday.
Long-time believers in Ethereum have a good opportunity this week and potentially the next, if not more, to increase and consolidate their holdings. Binance's recent decision to allow direct credit card purchases is likely to penetrate the largely open market for retail investors.
Ethereum is one of three currencies that users can actually buy with this service. Note that there is a $ 10 fee or a percentage, whichever is greater.
Litecoin tops the crypto market
Litecoin won today's win over the group, gaining nearly 5% on overall trade, according to CoinMarketCap.
Is it possible that Litecoin develops if Bitcoin falls? The growing number of SLD / DFI markets makes such an option more likely.
Coinbase had a slightly lower return than some markets, but even then it reached $ 33 in 24 hours.
We have not seen it yet, but it will be an interesting day when Litecoin wins at the same time as Bitcoin. Litecoin has maintained a fairly stable ratio of BTC to LTC for a long time. If it breaks that pattern and goes north at $ 100, it will be a new and exciting reality for Litecoiners.
The growing prevalence of long-term care / trust markets is certainly making this reality more and more possible.
Augur continues to trade high
For the second day in a row, Augur has seen a sharp rise in all markets. TradingView follows only four, but the average global outlook is above 13 USD.
Look at Augur. Maintaining a price greater than $ 10 in the absence of a significant demand could indicate that it could someday become very high.
The future of the forecast market token is tied to the popularity of the forecast markets themselves. Such a market can be created using the token system.
Due to the lack of real partnerships of gaming institutions, this game performs relatively well. If these entities eventually seek to integrate forecast markets on the blockchain, Augur will be an obvious choice and REP's long-term pacts can be rewarded.
Whatever the case may be, the short-term demand seems solid, otherwise nothing else.
Featured image of Shutterstock. TradingView Price Charts.
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