Market Analysis by MarketPulse (Zain Vawda) covering: Bitcoin US Dollar, Bitcoin, TRON US Dollar, XRP US Dollar. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
has dominated headlines over the past few weeks but recently altcoins are finally coming into their own. We have seen some big moves fromXRP has climbed back to one of the top spots after almost dropping out of the top 10, following the SEC lawsuit against Ripple. Its current market value is $139 billion, making it larger than big companies like Citigroup into riskier altcoins.
Another factor is that Bitcoin tends to perform extremely well in Q4 most years. This year, given the post election rally it will be interesting to gauge whether the World’s largest crypto can hold onto its gains through the month of December and keep the AltCoin rally moving forward.
Usually less Bitcoin on exchanges is seen as a lack of supply in the market which if coupled with heightened demand can lead to the type of rally we have seen post US election. This may provide some insight into one of the driving forces of the recent surge in prices.) have increased their holdings significantly over the past few months with Microstrategy buying up another 15,400 coins for $1.5 billion earlier this month to bring its total BTC holdings above the 400,000 threshold.
The only positive for bears eyeing a potential deeper pullback is that Bitcoin has not risen above the $100k mark as ff yet which i believe is just a matter of time.
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