The cryptocurrency market endured a severe crash on Aug. 14. Ethereum, XRP, and Litecoin posted double-digit drops. Ripple’s XRP was hit the hardest — the coin steeply fell to the $0.26 level after a major sell-off.
Meanwhile, Bitcoin turned out to be the safest bet within the CoinMarketCap top 10 given that it only dipped 6 percent following yesterday’s crash. The crypto king is changing hands above the psychologically important level of $10,000 at press time.
According to cryptocurrency trader Josh Rager, BTC is currently inching closer to its previous lows. Thus, this feast might soon end for the bears.
As reported by U.Today, Goldman Sachs recently forecasted that BTC could hit $13,971 in the short-term, which could also revive the broader cryptocurrency market.