Bitcoin course on the way to $30,000 or in the middle of a bull trap? Google lists BTC as top currency, PayPal News, XRP and Ethereum price analysis & Top10 Altcoins for next bull run27. Oktober 2020
Welcome to our CryptoMonday weekly review of week 43! As usual, there were a lot of interesting things to report this week and so it’s not surprising that we can once again offer you a whole range of interesting news.
Our topics this week range from conflicting views of some top analysts regarding the Bitcoin share price and its performance in the coming days and weeks, the potential of the XRP and Ethereum share price and the latest PayPal news, to the top picks on Altcoins, which one analyst shared with his followers.
And of course that was by far not all! But that’s enough of the preface. Have fun with our CryptoMonday weekly review!
Afterwards, let us know what the most exciting or significant events were for you this week and discuss them with our community on Telegram.
Bitcoin price explodes while analyst warns of Bulltrap, Ethereum Code price soon $440 and Ripple course on the downward spiral?
Well-known crypto analyst and trader Michaël van de Poppe recently warned crypto enthusiasts that the Bitcoin price and the broader crypto market are not yet ready for the big breakthrough.
The analyst believes that the recent rise from the Bitcoin price to $12,000 is most likely a bull trap. He is similarly critical of the XRP price, but sees potential for the Ethereum price to climb even higher.
What exactly his assessment of Bitcoin, Ripple (XRP) and Ethereum looks like, you can read in this article.
Bitcoin attack on USD and EUR: Google lists BTC on place 1
Bitcoin is becoming more and more mature. While the crypto-currency was only a few years ago called a pure speculative object, BTC has meanwhile developed into a respected asset. Whether institutions, hedge funds or companies: They all take Bitcoin into their own portfolios to protect themselves from the sometimes excessive monetary policy.
Characteristics such as limited supply, resistance to censorship, high divisibility and easy portability – once the concept behind Bitcoin has been understood – arouse desires, and so it is probably more than understandable that BTC is now also considered digital gold in institutional circles.