Crypto Commentary for the Week 30 April-4 May 2018

After a fruitful four weeks for digital currencies, the total value of all coins climbed 72% to $460 billion. The push for widespread adoption of cryptocurrencies got a boost Wednesday when U.S. investment bank Goldman Sachs Group announced it would be opening a cryptocurrency trading desk.

The news helped digital-currency prices climb higher Thursday, with bitcoin taking aim at $10,000, a level not seen since March 8. On Friday bitcoin, which accounts for 36.1% of all coins, has closed in on resistance near $10,000 and hit an intraday high of $9,790.94. It was a quiet day on the futures.The May Cboe contract finished up 0.4% at $9,705 and the CME May contract  closed down 0.1% at $9,670.



As bitcoin looks to test topside resistance, altcoins are rallying with them.

Ether which added 10% on Thursday,  moved higher on Friday, trading up 2% to $769.05.



Bitcoin Cash was up 0.2% at $1,493.40.



Litecoin has added 0.7%, trading at $162.27.



Ripple’s XRP was at 89 cents, up 1.4%.