09:57
Thoughts on the crypto market on 12/29/2020

After a tumultuous weekend, Bitcoin is consolidating in the 27300 -26200 range. The straits below were quickly redeemed, and it was not possible to go higher either. The main cryptocurrency is currently trading at around 26,300.

Market capitalization 702 billion, dominance index 69.3%.

On the stock markets the growth, the American indices added from 0.68% to 0.97%. The S&P 500 closed at 3735.36, once again this year renewing highs.
ATH also updated Apple stocks.

The market was positively driven by news from the US House of Representatives, where they voted to increase payments to citizens to $ 2,000, instead of the initial $ 600. Today there will be a vote in the Senate, its success will push the markets even higher. More information on the markets will be on our stock channel.

Bitcoin is consolidating in the range of 26,200-27,300. After an unsuccessful attempt to take 27,500, which was made last night, the main cryptocurrency has headed towards the lower end of the range and is now testing it for strength.
Altcoins rallied well yesterday, but moved to a fall at night, on information about a possible delisting of XRP from the Coinbase exchange.

I said that this is the main risk for this asset. So far, there is no information from Coinbase on this matter, and talks about delisting may well be FUD0m.
Let me remind you that an asset can be insured against a fall.

But the Japanese financial giant SBI Holdings announced support for Ripple, regardless of the resolution of the situation with the SEC lawsuit.
 
As before, I consider the option of stabilizing Bitcoin and the growth of altcoins, which was discussed yesterday, as a priority.

Thoughts on the crypto market on 12/28/2020

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Category: Analytics | Views: 61 | Added by: andryvrozhkov | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 0.0/0
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