Bitcoin Barely Moves While XRP, Dogecoin And VeChain See A Correction

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Last Updated on 7 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 followed US markets in their footsteps and sees a small correction in comparison to the market, having now only registered a 3% difference between up and down in the past week.

Meanwhile altseason seems to be on a hold, with corrections XRP, VeChain and Dogecoin.

The range for Bitcoin lies between $56k and $60k and has not been broken either way for almost a week. After the large moves of Bitcoin over the past week it seems that traders have now started to diversify and are taking their investments into smaller coins, creating an altseason.

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XRP, Dogecoin and VeChain

Within the top 20 of CoinMarketCap there are already many smaller coins which have seen parabolic moves upwards in the past week. Today those coins see a correction.

XRP is trading downwards some 12% today, although the good news about its lawsuit with the SEC. The coin which was still trading at $0,17 during its January bottom has now broken through the $1 range and is up some 66% in the past week. As we’ve said earlier, the overall price graph shows that investors believe CEO Brad Garlinghouse will either win or settle this lawsuit.

Dogecoin has refused to back down after its rises in January and February and has since remained in the $0,05 range. Today it is down 2% and trading at $0,058. In the past week it has gained upward some 11%.

Lastly, we need to mention the parabolic rise of VeChain. The small altcoin that guarantees product authenticity and helps supply chains has had a fabulous 2021 so far. It finally broke through the $0,10 range a few days ago and looks like it will use that level as support now. In the past few hours it is down 3%, but still above the $0,10.