ETH, XRP up, Bitcoin Down - What's Next? [Video]
|So XRP, ETH, and Dash had a comeback on Tuesday while Bitcoin saw a pullback after reaching the all-time high above $6,000. Ripple and Ethereum were both supported by the lower band of the daily Ichimoku cloud as traded versus the USD. XRP also edged higher versus BTC, forming a bullish engulfing, after two weeks of continued falls. The XRP/BTC pair remains below the daily Ichimoku cloud however and is supported by 0.000023. The drop in Bitcoin could merely be considered as profit taking or a pullback in a longer-term uptrend, as the cryptocurrency hasn’t ceased to surprise us with reaching new highs faster than expected. Also, while many on Wall Street argue that Blockchain industry is more important than Bitcoin, Brian Kelly from Forbes begs to differ. He believes Bitcoin could to do to banks what email did to the post office and Amazon did to retail. Meanwhile, bitcoin gold officially split from the bitcoin network Tuesday morning. The new cryptocurrency is a clone of the original bitcoin blockchain, but it will play by different rules than the original. So we still have more to watch out for in the world of cryptocurrencies. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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