Bitcoin Price Rally Continues as XRP Boasts Largest Gain in 8 Months

Bitcoin, XRP Talking Points:

比特币，XRP谈话要点：

• According to Coinbase, Bitcoin registered the highest trading volume since November 2018 yesterday as it drove above $8,000

  根据Coinbase，比特币的交易量最高自2018年11月开始上涨至8,000美元以上

• XRP is on pace for its best intraday performance since September 2018 after Coinbase announced it will offer the coin to New York residents

  在Coinbase宣布将向该公司提供硬币后，XRP将在2018年9月以来的最佳盘中表现加快步伐。纽约居民

• Interested in trading cryptocurrencies？ Check out how other IG Clients are positioned on Bitcoin, XRP, Ether and Litecoin with Retail Sentiment Data

  对加密货币的交易感兴趣？了解其他IG客户在比特币，XRP，以太币和莱特币以及零售情绪数据中的定位

Bitcoin Price Rally Continues as XRP Boasts Largest Gain in 8 Months

随着XRP在8个月内获得最大收益，比特币价格持续上涨

The cryptocurrency resurgence continued Tuesday as Bitcoin rocketed through $8,000 for the first time since July 31, 2018. Year-to-date, the coin is now up 111%. By comparison, the S&P 500 is up 13.25% in the same span. The rally comes amid the Consensus conference in New York, one of the most influential blockchain and digital assets events of the year where industry professionals gather to discuss a variety of issues facing the cryptocurrency world. This years conference convenes from May 13 to May 15.

自从比特币自2018年7月31日以来首次飙升至8,000美元以来，加密货币复苏一直持续。年初至今，该硬币现已上涨111％。相比之下，标准普尔500指数同期上涨13.25％。此次集会是在纽约的共识会议上进行的，该会议是今年最具影响力的区块链和数字资产事件之一，行业专业人士聚集在一起讨论加密货币世界面临的各种问题。今年的会议将于5月13日至5月15日举行。

Read about the correlation between weakening emerging market currencies and cryptocurrency strength here.

了解这里弱化的新兴市场货币与加密货币强度之间的相关性。

As the conference proceeds and the benefits of cryptocurrency are touted, Bitcoin recorded its highest intraday trading volume since November 20, 2018. At the same time, the digital asset posted its third largest single-day rally in 2019 at 12.11%. Beyond that, the daily return was the fourth largest since 2018.

随着会议的进行以及加密货币的好处被吹捧，比特币创下自2018年11月20日以来的最高盘中交易量。与此同时，数字资产在2019年的第三大单日涨幅中达到12.11％。除此之外，每日回报率是自2018年以来的第四大回报。

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Bitcoin Price Chart: Daily Time Frame (May 2018 – May 2019) (Chart 1)

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Price and volume data from Coinbase exchange via TradingView

通过TradingView从Coinbase交易所获得的价格和交易量数据

On the back of the rally, Bitcoin must now negotiate a series of psychological levels at $8,000 and $8,500 – which also marks the digital currency‘s July swing high. That said, nearby support at $7,385 and a plethora of optimistic media coverage could look to bolster the outlook for BTC in the short-term. Bitcoin’s high on Tuesday – around $8,360 – marks the highest price for the coin since July 25, 2018.

在反弹的背面，比特币现在必须进行谈判一系列的心理学家8,000美元和8,500美元的加权水平 - 这也标志着数字货币7月份的高点。也就是说，附近7,385美元的支撑以及过多乐观的媒体报道可能会在短期内支撑BTC的前景。比特币周二的高位 - 约为8,360美元 - 标志着自2018年7月25日以来该硬币的最高价格。

XRPUSD Price Chart: Daily Time Frame (May 2018 – May 2019) (Chart 2)

XRPUSD价格走势图：每日时间框架（2018年5月 - 2019年5月）（图表） 2）

Price and volume data from Bitfinex exchange via TradingView

通过TradingView从Bitfinex交换的价格和交易量数据

Although Bitcoin is in the midst of a formidable rally, XRP looks to be Tuesday‘s star performer. The coin surged over 24% on news that the Coinbase cryptocurrency exchange would offer XRP trading to New York users. The move grants broader access to the coin which should serve to increase liquidity. At the time of this article’s publication, the coin is on pace for its largest single-day rally since September 21, 2018. Similarly, XRP recorded its highest volume trading day since November 25,2018 – with hours left for further exchange.

虽然比特币是在一场强大的集会中，XRP看起来是周二的明星表演者。由于Coinbase加密货币交易所将向纽约用户提供XRP交易的消息，该硬币飙升超过24％。此举提供了更广泛的硬币使用权，这应该有助于增加流动性。在本文发布之时，该硬币正在加速自2018年9月21日以来的最大单日涨势。同样，XRP创下自2011年11月25日以来的最高成交量 - 还剩下几小时进行进一步交易。

Tuesdays rally also erased all losses for the digital asset in the year-to-date. Prior to the surge, XRP had shed roughly 15% of its value since the beginning of 2019. As the session progresses, the coin now boasts a YTD return of over 10%. The single-day swing displays the considerable volatility in the cryptocurrency market. That said, follow @PeterHanksFX on Twitter for further cryptocurrency analysis as the Consensus conference continues and the coin prices fluctuate.

周二的涨势也消除了今年迄今为止数字资产的所有损失。在激增之前，自2019年初以来，XRP已经减少了大约15％的价值。随着会议的进行，硬币现在的YTD回报率超过10％。单日波动显示了加密货币市场的巨大波动性。也就是说，随着共识会议的继续和硬币价格波动，请在Twitter上关注@PeterHanksFX进行进一步的加密货币分析。

--Written by Peter Hanks, Junior Analyst for DailyFX.com

- 由DailyFX.com的初级分析师Peter Hanks撰写