Bitcoin (BTC) price trades above $115,000 at the time of writing on Friday, having recovered nearly 4% and closed above key resistance so far this week. Ethereum (ETH) and Ripple (XRP) also followed BTC’s footsteps, rebounding almost 5% and 6%, respectively.
Ripple (XRP) edges closer to a breakout, trading around the critical $3.00 level on Thursday.
Bitcoin’s (BTC) technical structure continues to deteriorate, worsened by weak market sentiment. The largest cryptocurrency by market capitalization saw a flash drop to $108,666 during the Asian session on Tuesday before rebounding to exchange hands above $110,000 at the time of writing.