Home Bitcoin, Ethereum and Ripple August month-end analysis
Crypto News

Bitcoin, Ethereum and Ripple August month-end analysis

FX Street
Updated:
  • Bitcoin and Ethereum recorded two bearish months in a row.
  • Ripple recorded its third bearish month in a row.

BTC/USD daily chart

fxsoriginal

The BTC/USD monthly chart managed to have five straight bullish months before the bears stepped in for two months in a row. This August, the price of Bitcoin fell from $10,124 to $9,654, charting a high of $12,343. BTC/USD has had a bullish start to September.

ETH/USD daily chart

fxsoriginal

ETH/USD has had five straight bullish months before charting two consecutive bearish months. Over the last two months, the price of ETH/USD fell from $293.65 to $172 – dropping by 41.45%.

XRP/USD daily chart  

fxsoriginal

XRP/USD managed to have two straight bullish sessions before succumbing to three consecutive bearish sessions. During these three months, the price of XRP/USD fell from $0.446 to $0.265, going down by 40.60%.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024