Courses cryptocurrency are declining, Ripple lost 1,59% and Ethereum 1,26%

  • And
  • +A

The main cryptocurrency on Monday traded in the weak minus in the framework of the formed downtrend.
According Libertex, the rate of Ripple from 12.00 GMT on 26th March, down by 1.59% and 12.00 GMT on 26 March amounted to 0.62 dollar. The rate of Litecoin during this period of time increased by 0.18%, to 159.42 dollar. Ethereum during the day, weakened by 1.26% and is at 12.00 GMT 515,11 dollars. The market capitalization of cryptocurrencies by this time is 325,9 billion.
Cryptocurrencies continue to react to negative news last week. In addition, the effect of nervousness on world stock markets, which is observed on the background of tense relations between the US and China.
During the day we can expect a further mild decline in rates of major cryptocurrency in the framework formed of the downward trend: the rate of the Ripple to be traded at $ 0.6, and Litecoin below $ 160. Ethereum likely will not fall below $ 510 dollars, but will probably go below $ 515.
The Russian stock market on Monday, is trading lower in the major indexes on the background of external negativity. The RTS index fell by 12.00 GMT on 0,57% – to 1254,29 item, index Mosberg decreased by this time by 0.78% and amounted to 2267,92 points. It can be expected that during the day the market will continue to decline amid falling Asian and European stock indices. Index Masuri during the day could fall to 2260 points, and the RTS index – up to 1245-1250 points.
The ruble on Monday, strengthened significantly against the dollar and the Euro on the background of the emerging growth in oil prices, which are now at a mark of 69.4 per barrel of Brent. The dollar at 12.00 GMT the ruble has fallen 30 cents and fell below the psychological mark of 57 rubles, amounting to 56.99 rubles, the Euro by this time decreased by 12.25 kopecks, reaching 70,62 of the ruble. In the case of further growth of oil prices we can predict that dollar a day could fall to 56.8 per ruble, and the Euro to go below 70.5 rubles.
Ivan Marchena,
GK Forex Club