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Bitcoin, Ethereum & Ripple - American Wrap 8/27

FXStreet

Bitcoin Price Analysis: BTC/USD spikes to $11,600 and drops to $11,340 within one hour

We can clearly see the first three green candlesticks moving Bitcoin towards $11,600 and the next three giving all the gains back and even droppìng lower. The overall sentiment of Bitcoin continues being positive despite the recent downtrend.

Ethereum Price Analysis: ETH/USD jumps 4% towards 0 in just three hours

After an extended consolidation period, Ethereum bulls are back in full force, especially after some positive comments by Jerome Powell, the U.S. Federal Reserve Chair. 

XRP/USD massive dump to XRP/USD massive dump to $0.257 after overall market weakness.257 after overall market weakness

According to the CoinMarketCap dominance chart, XRP is now down at 3.3% dominance from its previous high at 3.83%, a low not seen since July 2020.  The weakness of XRP is quite apparent now as the digital asset will have very little support on the way down to $0.20.

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