RATE Group | Why Bitcoin, Ethereum & XRP Will Rally Despite Covid-19 Led Recession?
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Why Bitcoin, Ethereum & XRP Will Rally Despite Covid-19 Led Recession?

29 Apr Why Bitcoin, Ethereum & XRP Will Rally Despite Covid-19 Led Recession?

Posted at 22:29h in Bitcoin News by

There is something special about Bitcoin and crypto. First off, it doesn’t require government intervention and Brrrr for the ship to steady. When the USD skyrocketed–wreaking emerging currencies and temporarily Bitcoin, it only took roughly 40 days for the world most valuable digital asset to reverse the single day loss of Mar 12. And it is now throbbing even higher.

Together with Ethereum (ETH) and Ripple (XRP), the top three digital assets are up roughly 15 percent in the last week, clearing major resistance hurdles and spurring FOMO.

It could be because of Bitcoin halving and the expected fireworks—which if history leads pours cold water on traders’ rationale, or the nearing ETH 2.0 mainnet launch that’s cementing ETH bulls, and the increasing partners of Ripple, but there is more than what meets the eye.

1. The Surge of Stablecoins and Possibly injection in Bitcoin

Behind Bitcoin’s resurgence and 15 percent gain in the last week is the expectation from the trading…

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