XRP surpasses $1 for the first time since 2018: What's behind the new rally?
XRP has surpassed $1 for the first time in 37 months as major cap altcoins are starting to follow Ethereum. The price of XRP has surpassed $1 on April 6 for the first time since March 2018, putting its market valuation at around $47 billion.Moreover, the fourth-largest cryptocurrency in the global market has broken out against the Bitcoin (BTC) pair, causing it to see significant technical momentum. XRP/BTC 1-month price chart (Bitstamp). Source: TradingView.comMostly a technical rally, not too much fundamentalsWhen XRP was hovering at around $0.75, cryptocurrency traders noted that XRP's....
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For many years, the business tycoon Warren Buffet has condemned bitcoin as an investment telling people that the crypto asset is nothing but gambling. Two years ago, just before a Berkshire Hathaway 2018 annual shareholder meeting, Buffet said bitcoin is “probably rat poison squared.” Despite the investor’s criticism, the crypto asset’s market capitalization has surpassed Buffet’s multinational conglomerate holding company, Berkshire Hathaway, in net value. Bitcoin has a lot of haters, including people like Jamie Dimon, Peter Schiff, and Nouriel Roubini. In....
As bitcoin surpasses all-time price highs as part of an enduring rally, investors wonder what will happen next. The post Life After $20K: Where Will Bitcoin Go After Breaking The All-Time High? appeared first on Bitcoin Magazine.