Crypto Market Overview – April 11th, 2021
Sunday has gone and passed, but the crypto market felt the heat the day swept across it. The following is a short overview of the main headlines of Sunday, April 11.
BTC futures break records
Futures for Bitcoin at a three-month period set for June are breaking records in price as they are being traded at $73,500. Such figures are signaling the confidence investors have in the continued growth of the king of crypto. The prices are in stark contrast to sport exchanges that are trading at around $59,600.
Ethereum on a roll, predictions place price at $10K
Analysts are confident that the price of Ethereum could well topple the $10,000 mark in 2021, leading the cryptocurrency well ahead of the curve in terms of growth percentage dynamics than Bitcoin has ever experienced. The performance of Ethereum is a strong incentive for the entire market to move forward as more projects are relying on the growing infrastructure and the upcoming Ethereum 2.0 update is throwing wood into the speculation bonfire.
Ripple keeps growing
Ripple has been leading the entire weekend in terms of price as it managed to attain %111 growth over the last seven days. Such dynamics are being fueled by a string of legal victories that the Ripple development team managed to achieve in a lawsuit against the Securities and Exchange Commission, which charged that XRP’s $1.3 billion ICO was an “unregistered securities offering.”