Bitcoin surprised the world and rallied after the SEC postponed a decision on the Van Eck/ Solid X Bitcoin ETF. At the same time, XRP, ETH and few other altcoins posted impressive gains. Are cryptocurrencies approaching a turning point?
MARKET OVERVIEW
This has been a fantastically exciting week for cryptocurrencies. XRP pulled off a 100% gain, Stellar Lumens is on a run and Bitcoin (BTC) $6690.32 -0.05% managed to briefly pop above $7,800. The crypto-hemisphere is also buzzing with positive news.
Tim Draper has returned with his $250,000 Bitcoin price prediction, and Mike Novogratz of Galaxy Digital has called $6,000 the absolute bottom — now believes that $6,800 and $8,800 represent the crucial resistance levels BTC must cross in order to close the year slightly above $10,000.
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