RATE Group | Bitcoin flashing danger signals, Ethereum and Ripple remain defenseless
58906
post-template-default,single,single-post,postid-58906,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin flashing danger signals, Ethereum and Ripple remain defenseless

21 Aug Bitcoin flashing danger signals, Ethereum and Ripple remain defenseless

Posted at 11:28h in Cryptocurrency News by

[ad_1]

  • Bitcoin, Ripple and Ethereum drag the entire market into losses following rejection at key resistances.
  • Morgan Creek Digital co-founder Anthony Pompliano says that Bitcoin is here to stay.

Many believe that cryptocurrency volatility is the one thing that keeps most investors at bay. At the same time, giving Bitcoin and digital currencies regulatory greenlight will mean that regulatory institutions are fully behind the cryptos; a situation most governments shun.

However, the co-founder of Morgan Creek Digital Anthony Pompliano says that Bitcoin is here to stay. He also believes that Bitcoin will soon be on every institutional investors’ portfolio.

Bitcoin market update

Bitcoin is languishing in immense bear pressure following the correction from the weekly high marginally below $11,000. As discussed earlier, tentative support areas at $10,600, $10,400 and $10,200 were not strong enough to cushion the drop. In fact, some analysts on Twitter such as…

[ad_2]

Source link

Tags:
, , , , , , ,