SPY342.73-0.65 -0.19%
DIA281.97-0.98 -0.35%
IXIC11,484.69-31.80 -0.28%

Bitcoin, Ripple & LINK - American Wrap

BTC/USD: Bitcoin is here to stay

· 10/15/2020 12:39

BTC/USD: Bitcoin is here to stay

Bitcoin is here to stay....and because of that I think we should take it seriously and look for the same chart patterns, price action that we look for in other markets...Bitcoin can be scary....but I think these crypto currencies are the future....possibly not in my lifetime....but not that far down the line...so to understand how to trade them would be a positive step...

Ripple Price Analysis: XRP rejection from crucial pattern spells trouble

XRP has been underperforming since January 2019, losing a significant portion of its market dominance in that span from just above 12% to only 3.2% currently. Bulls are desperately trying to push the cross-border currency above a descending parallel channel on the daily chart.

Top 3 Losers: LINK, OMG, and YFI drop over 5% signaling further correction on the horizon

Although the entire cryptocurrency market suffered a slight correction in the past 48 hours, some coins have suffered more significant losses. The total market capitalization dropped from $370 billion to $361 billion due to the increased strength of the U.S. dollar, which is inversely correlated with the crypto market.