After several days of notable losses, Bitcoin’s (BTC) price is showing signs of recovery while the altcoin markets, for the most part, remain in the red, while others show modest signs of upward movement.

Bitcoin’s price movement

At the time of writing Bitcoin is up by 0.73% and trading at $9,918.10 as per data from CoinMarketCap. The world’s largest cryptocurrency by market cap managed to climb as high as $10,407 before seeing a slight downwards correction below the $10K resistance. Bitcoin’s price has moved from just below $10,000 to over $12,000 this past month. Most recently, the crypto has been on a downward streak, but after dropping below $9,700 earlier today, BTC turned around to retake the $10,000 level.

Altcoin markets

Ethereum (ETH) still seems to be on a downward decline. However, at the time of writing, the number two crypto is up by 0.41% and trading at $181. There has been some recent bad news for both BTC and ETH investors. News broke earlier today as a blockchain investment company revealed to the public that a Chinese Ponzi scheme has robbed investors of $3 billion. The scam is known as PlusToken and the abovementioned company, Dovey Wan, has sought the help of cybersecurity companies Chainalysis and PeckShield to conduct investigations.

The number three cryptocurrency by market cap, XRP, is down by 0.67% and exchanging hands at $0.259713 at the time of writing. As reported by TSA, veteran trader Peter Brandy recently made allegations that Ripple, the issuer of XRP, has been manipulating the price of the token.

Brandt, via Twitter claimed:

“Will Ripple be able to manipulate the market to keep $XRP above .2400? A serious breakdown at this level, and .020725 is in the cards.”

Moreover, Brandt further clarified that Ripple is indeed literally manipulating the price:

“I used ‘manipulate’ because it is exactly what Ripple has been doing since it introduced XRP […] The chart pattern for many, many months has shown the distribution of XRP by Ripple – it has manipulated the price to hold support. But if support gives way Ripple will be forced to dump in a major way.”

Bitcoin Cash (BCH) is up by 2.06% and trading at $304, Binance Coin is up by 0.18% and trading at $26 and Bitcoin SV is up by 3.44% and trading at $344 at the time of writing.

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