Bitcoin rally slips as momentum ebbs

Bitcoin’s earlier rally faltered as Friday wore on. At 3pm London time the digital currency was valued at $6,652 – still up almost 2% on the day. Ethereum looked somewhat more resilient at $226 and still up 3% overall. 

Bitcoin is still struggling to re-take previous resistance levels

Friday fragility

After bitcoin cash’s recent surge its 3.5% fall – valuing it at $549 – wasn’t a surprise, though in mid-afternoon trade the price was back in recovery mode in the $540-$550 range.  

There was better news for eos, up 3.14% at $5.81.

The two biggest gainers in the last 24 hours are external, up more than 45% and gas, up 34.3% while steem has lost close to 6%. 

XRP remains the stand-out performer of the last fortnight following the surprise news of the xRapid release, though for most other currencies it has been, pending news of a Bitcoin ETF, a subdued trading period.   

Top Ten, 3pm London time

• Bitcoin BTC +0.92% $6,664
• Ethereum ETH +2.75 $225
• Ripple XRP +0.70% $0.529
• Bitcoin Cash BCH -4.21% $545
• Eos EOS +2.89% $5.80
• Stellar XLM +0.17% $0.252
• Litecoin LTC -1.02% $61.70
• Tether USDT +0.21% $1.00
• Cardano ADA +0.54% $0.084
• Monero XMR -0.30% $117