Bitcoin Market Wrap Up 6/21 – 6/28: BTC Holds Steady, Mintcoin Demand Increases

THELOGICALINDIAN - This anniversary Bitcoin has apparent abiding assets accepting a 225 access While we did see some dips this anniversary Bitcoin never fell beneath the 240 beginning After Bitcoin hit its low at 240 it rose bound hitting this weeks aerial at 252 Since again Bitcoin has decreased hardly andis aerial aloof beneath 250

Also Read: Last Week’s Market Wrap Up

Volume has been in the boilerplate ambit this anniversary — possibly on the lower end of the spectrum. While it is college than the aggregate we saw aftermost week, added aggregate would be optimum, as added clamminess for Bitcoin is never a bad thing. Next anniversary could go either way apropos the amount of Bitcoin; it could either abatement aback to $240 or go on to authority in $250 and maybe alike attack extensive $260.

Altcoin Market Analysis

While the altcoin markets were not as agitative as they usually are, there were still assets fabricated this week. Altcoin markets assume to be absorption agnate trends to Bitcoin, with the absorption in trading declining. The bill that accustomed college assets this anniversary were of lower volume, like Mintcoin, with its approximately 90% increase.

While there were altcoins that had greater balance this week, they were all of atomic bazaar cap and aggregate which could accept been the assignment of aloof one article authoritative the market. Mintcoin is 15^th on the account of 7-day assets but is the 1^st to on the top 100 bread bazaar assets list.

While Mintcoin does accept a low aggregate in allegory to bigger cryptocurrencies like Bitcoin or Ripple, there does assume to be a continuing appeal for Mintcoin.

Shown by the 3-month blueprint displayed above, there has been a abiding access of aggregate and bazaar capitalization. Starting at April 15^th on this chart, at a trading amount of 7 Satoshis, Mintcoin is now actuality exchanged at aloft 40 Satoshis, over 500% assets that accept captivated stable.

The abiding uptrend of MIntcoin has gotten a altercation activity on the forums, with user “Ricklosti” administration assorted affidavit why:

Where do you see the bazaar headed? Will BTC and Mintcoin both authority their gains? Let us apperceive in the comments below!

Images: Bitcoincharts, CMC

This author’s angle do not necessarily reflect those of Bitcoinist.net.