The most popular cryptocurrencies do not show a uniform dynamics on Tuesday after they earlier temporarily returned to growth amid investor optimism about the prospects for the recovery of the economy hit by the coronavirus pandemic. According to the StormGain cryptocurrency trading platform, Ethereum looks better than the rest, while quotes of other digital assets are in negative territory.
At the same time, corporate news keeps them from falling significantly. In particular, the Swiss bank Basler Kantonalbank will start working with cryptocurrency from 2021 when it will give its customers the opportunity to store digital currencies and trade them through a structure under its control.
In addition, Ripple's Q2 reporting was rather positively assessed by investors. In three months, it increased sales of XRP cryptocurrency to institutional investors to $ 32.55 million against $ 1.75 million in the first quarter. But average daily XRP trading volumes on crypto exchanges have dropped markedly, to less than $ 200 million in Q2.
Probably, the most popular cryptocurrencies will continue to fluctuate in the near future, but with a general improvement in sentiment in the financial markets, it is possible that prices will return to growth. In this scenario, Bitcoin could rise to $11,400, Bitcoin Cash to $297, Ethereum to $395, XRP to $0.32, and Litecoin to $60.