Bitcoin almost $61k, XRP And Binance Coin Are Weekly Winners

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Last Updated on 12 April 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Bitcoin spent the weekend battling the $60k level and is trading above this level for the past hours. It even broke the $61,000, but got rejected.

Meanwhile altseason seems to be in full swing again as XRP and Binance Coin are clearly some of the last week’s winners. VeChain and Dogecoin are also having a great time.

Advertentie.

Waiting for Coinbase?

Traders seem to be looking for a next indication from the market that could indicate there is room and willingness to take Bitcoin to the next leg up and towards the $70k region. The listing of Coinbase on the Nasdaq stock exchange this 14 April might just be that event.

Market commentators claim that a good reception, aka a higher price upon listing, for Coinbase could be the positive trend Bitcoin needs. While a lackluster reception on its first day (think Facebook when it opened for stock market reception in its whole first year) could take crypto markets lower.

XRP and Binance Coin

On the broader altcoin market, some of the weekly winners were easy to spot. Dogecoin started another leg up over the weekend and now trades at around 7 cents while VeChain is simply having a fantastic 2021 so far.

In the top 10 of CoinMarketCap the winners of the past week were Binance Coin, which now trades almost $600 per coin (some are openly wondering whether it can flip Ethereum). BNB started last week around $345.

XRP, which seems to be reviving and finally entering the 2021 bull run, rose almost 100% last week. With its SEC case still ongoing, analysts are asking where Ripple labs could go from here.

Looks like another exciting week in crypto is about to start.