Bitcoin Battling $60k, Ether New ATH, XRP Goes Parabolic (Up 30%)
Bitcoin is still battling with its own all time high of $61,500 and is retesting to see if it can trade above $60k first as the record looks like a hard catch.
Meanwhile Ethereum set a new record itself on Saturday while XRP went absolutely parabolic in the past few hours, up 30% now.
Boring Bitcoin has been consolidating for almost a month, but is now trading the whole weekend almost over $60k as it tries to gather enough strength to break through the ceiling it set and go finally over $61,500 again.
New Ethereum record
Meanwhile Ethereum set a new record over Saturday, getting close to $2,200 already just a few days after it breached through the $2,100 level.
For those that are new, be careful being to deep into alts when $BTC is on the brink of price discovery.— K A L E O (@CryptoKaleo) April 10, 2021
Profits from alts tend to flow back into Bitcoin.
This doesn't mean the USD price won't go up, just that there's a solid chance it won't go up nearly as much.
For those that are new, be careful being to deep into alts when $BTC is on the brink of price discovery. Profits from alts tend to flow back into Bitcoin. This doesn’t mean the USD price won’t go up, just that there’s a solid chance it won’t go up nearly as much.
XRP Goes Parabolic
The story of the weekend has been XRP though, that was still trading as the seventh largest crypto on CoinMarketCap earlier this week when the good news about a possible SEC deal started to gather pace.
As traders and investors saw the Ripple labs coin overtake the $1 mark again, the leg up gathered pace and by now it has overtaken Polkadot and Cardano to become the fourth largest crypto by market cap again, now trading in fourth place.
Over the past 24 hours, XRP is up by an incredible 30%.