Btc market ethereum
1 day ago · Bitcoin (BTC) remains "single most watched" digital asset with Ethereum dominating DeFi throughout report. As comes to an end, Binance has shared some key . Dec 17, · Ethereum has been trailing slightly behind Bitcoin and the rest of the crypto market as of late, which comes as all eyes shift to watch BTC’s price action; Although it has lagged behind it, ETH is still showing some immense signs of strength as it pushes towards $, with analysts widely watching for it to see further upside. Dec 11, · Ethereum May Surpass Bitcoin’s Market Cap in the Next 10 Years, Says Economist Raoul Pal. Economist Raoul Pal says Ethereum’s (ETH) probable adoption as programmable money may see it becoming the largest cryptocurrency by market capitalization, overtaking Bitcoin (BTC) within the next ten years. At such a time, several blockchain networks may account for a larger share of the .
Btc market ethereumAnalyst: Ethereum to Rally 20%+ Against BTC as Market Goes Parabolic
Oil was down 2. Gold was in the red 0. The year U. Treasury bond yield fell Monday dipping to 0. Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. Year in Review Experts believe the legal issues of one of the largest cryptocurrency projects may have unwanted consequences for the whole industry.
As FXStreet previously reported, several cryptocurrency exchanges had already suspended XRP trading or delisted the coin. Notably, the cryptocurrency asset manager Bitwise sold its XRP position within its crypto index.
Despite the recovery, the coin is still down 1. If this area is cleared, the selling pressure will increase. Meanwhile, the technical indicators imply that the reversal may be underway. TD Sequential indicator is ready to send a buy signal in the form of a red eight candlestick on a hour timeframe.
XRP extended the sell-off on Thursday as cryptocurrency exchanges started to delist the coin following the lawsuit filed by the US Securities and Exchange Commission against Ripple and its top managers. If the regulator wins the legal battle, XRP will be officially considered security, meaning that all the trading platforms supporting the token will have to be registered as securities exchanges. Currently, several lesser-known trading platforms suspended XRP trading. Ethereum has been struggling to match the strong momentum seen by Bitcoin as of late, but it has been fully exposed to the weakness seen by Bitcoin throughout the past several hours.
This move was significant and led many investors to anticipate further upside, but bears rapidly catalyzed a rejection. While sharing his thoughts on where Ethereum might trend in the near-term, one analyst explained that he expects it to continue underperforming Bitcoin. But short term, a slight bounce can occur. The crucial breaker is the 0. Unless something shifts this trend, like the release of Phase 0 of the ETH 2. Could you be next big winner?