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Cryptocurrency Market Trades Sideways as Bitcoin Hovers Shy of $12,000

Published 07/04/2019, 05:55 PM
Updated 07/04/2019, 06:01 PM
© Reuters.  Cryptocurrency Market Trades Sideways as Bitcoin Hovers Shy of $12,000
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Thursday, July 4— The number one cryptocurrency Bitcoin (BTC) is seeing mild gains on the day as ether (ETH) and ripple (XRP) trade sideways.

Bitcoin has had a volatile week. Bitcoin was trading at over $13,000 on June 26 and under $10,000 on July 2. Bitcoin is currently trading at just over $11,850, and some analysts think BTC could rally significantly today as it is Independence Day in the United States. Crypto analytics website SFOX reported that holidays in the midst of a bull market tend to spark FOMO, a trend apparently supported by Google (NASDAQ:GOOGL) Trends data:

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