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Morning Crypto Report: XRP to Rocket 81% in November? Coinbase CEO Teases 'Big Month,' Bitcoin Is Bearish at $110,000, Warns Top Trader
Top Trader Explains Why XRP Is Holding Up Better Than Other Coins
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In a recent tweet, prominent trader Peter Brandt says that Bitcoin is "defining" an orderly bull market.
The chartist says that the ongoing run has also been smooth so far with the exception of the March 2020 crash that was triggered by an exogenous “black swan” event.
According to Brandt, the current bull market started on Dec. 15, 2018, when the top cryptocurrency bottomed at $3,128.
Sun, 03/14/2021 - 09:30
Peter Brandt Ridicules XRP Holders as Token Crashes 97 Percent Against Bitcoin
After recording a sharp drop from its new all-time high of $61,788 earlier this week, Bitcoin went on to pare its losses yesterday after the Fed rejected the idea of hiking interest rates in the near future.
It is worth noting that Brandt expects Bitcoin to continue stabilizing since it’s no longer in its “toddler phase.”
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Dan Burgin
Vladislav Sopov
U.Today Editorial Team