The major crypto currency Bitcoin [BTC] is increasing correction in its monthly losses. Till this weekend, the crypto currency has managed to rail its price above the $6,600 USD mark.
The price upgrade, which occurred over several hours, came as recent news broke within the United States regulators once again delayed their decision on the VanEck/ SolidX Bitcoin exchange-traded fund [ETF], but had not even rejected it for now.
The second major crypto currency Ethereum [ETH] reversal of fortunes continued after a long week of beating Bitcoin on losses. At current time, Ethereum is traded at a price of $243.1 USD which is 1.42% higher than yesterday.
In the Altcoin Market, Stellar [XLM] and Cardano [ADA] nonetheless stood out as the clear winners of this week, with Stellar currently trading at a price of $0.285 USD which is 21.21% higher than yesterday and Cardano at a price of $0.089 USD which is 9% higher than yesterday.
On the other hand, Ripple [XRP] is currently trading at a price of 0.563 USD which is 1.07% higher than yesterday.
Experts are still not sure as to the motivation for such a market rise, Ripple itself having hinted its xRapid payment transfer network would shortly begin serving its first banking clients. xRapid would offer global payment settlements using XRP directly as an intermediary currency.