We’re having another slow week for cryptocurrencies. Bitcoin traded in a tight range between $232 and $238 dollars per coin since Monday. Even going further back big brother has been more or less trading flat since the start of May. Most cryptos followed BTC in this range but notably Peercoin buckled the trend by rallying on Tuesday.
Peercoin Rallies to $0.341
Peercoin broke the important $0.267 resistance on Tuesday and surged higher. In our article next week we highlighted this level as a potential breakout point. There is little follow-through on the move however and this is probably due to bitcoin drifting lower during the same timeframe. After reaching a high of $0.341 PPC/USD slowly gave up most of the gains to drop to a low of $0.286 today. We are currently quoted right at the 30 cents mark at $0.299.
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