The rally in the crypto-market undergoes as Bitcoin is only a few hundred dollars away from hitting its all time high. Bitcoin dominance is dropping drastically since November 18 providing enough space and volumes for the boost of altcoins. This week only Bitcoin dominance is down to 3.35%.
Fintech continues to dominate the world these days. We offer you to take a closer look at the countries that have managed to become leaders in this sphere.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements.
On Thursday, November 19th, the BTC rate stabilized after a rally which, however, does not seem to be over yet. The coin is chiefly trading at 17,658 USD, while yesterday’s peak was 18,483 USD. The price of the leading cryptocurrency has been growing for several weeks, pausing from time to time to find a balance point.
Crypto-backed lending is on the rise, and it is adopted even faster than one would first think, especially among institutionals.
Cardano continues to head on towards Decentralized Finance, while the third era of the Foundation is expected to be released in March 2021, the team inside the network continue updating the Cardano ecosystem.
Litecoin is leading in today’s gains among top 10 cryptocurrencies. Litecoin outperformed Bitcoin, Bitcoin Cash and Ripple by weekly gains. There are no significant updates and news related to Litecoin, except listing on Paypal, hence the price action is mainly related to speculation by traders and general crypto market sentiment.
On Thursday, November 12th, BTC has paused its growth but the ascending impulse remains in force. The cryptocurrency is generally trading near $16,000 USD.
Just a few days after the US election is over, world pharmaceutics giant Pfizer announces that it’s COVID-19 vaccine is 90% effective. The news spread rapidly through the media and sparked a surge of the US indices.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements.