It is always complicated to make sense of cryptocurrency markets during the weekend. Bitcoin seems to be recovering slightly, yet the top markets remain under a lot of pressure. The Stellar price is trying to move up swiftly, although the going will not be without hurdles. A push to $0.09 should not pose that many problems today.
Stellar Price Shows Signs of a Recovery
When Bitcoin remains stuck in sideways trading momentum for an extended period of time, one has to wonder how the alternative markets will respond. As is usually the case, these markets tend to follow Bitcoin’s pattern almost to a fault. Stellar is no exception, although its current bullish signs offer a welcome reprieve for holders and speculators alike.
Over the past 24 hours, there has been a 4% Stellar price increase across both its USD and BTC value. This brings the value per XLM back to $0.0877, or 2,281 Satoshi. A push to $0.09 should be more than possible under these market circumstances. However, that will primarily depend on what happens to Bitcoin…