Today, our review looks at the question of what's driving Bitcoin's track so far. Next, let's take a look at a new big investment from Xpring and other interesting crypto topics.
Cryptanalyst and economist Alex Krüger has stated on Twitter why Bitcoin's share price is currently rising in his opinion. An analysis of volume, price movements and other factors suggests investors are buying Bitcoin strategically. The driving force is some big players, not the small investors.
What drove $ BTC up this week?
A handful of large players, that doing buying in waves. Systematic buying.
Clues to reach that conclusion can be found in volume, price action, funding, and futures basis and term structure. May expand on this later.
Not retail driven.
– Alex Kruger (@krugermacro) May 12, 2019
Kruger's analysis coincides with Bitcoin's upswing in April 2019. On April 4, Bitcoin's price skyrocketed from $ 4,200 to over $ 5,000 in just one hour.
Circle CEO Jeremy Allaire believes Bitcoin's upswing is related to its strong foundations. CNBC quoted Allaire from a cover letter to his clients as follows:
“The crypto foundations are stable and have been expanding since the beginning of the year, since it was clear that we were oversold. The continuing chain of positive news and new offerings for retail investors and institutions are the reason for this upswing. “
Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, has commented on the upcoming scaling opportunities. Accordingly, the possibilities should be “dramatic” [good]. According to him, Ethereum 2.0 should be able to process up to 1,000 times more transactions than the previous platform. The update will be launched in 18 to 24 months. A full-featured trial may be available by the end of this year.
Another news about Ripple comes from the crypt market Coinbase. There they announced via Twitter that Coinbase customers in the US state of New York can now also buy and sell Ripple XRP via Coinbase. This is possible through the website of the crypto exchange or their app available for iOS and Android.
XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers can now buy, sell, convert, send, receive, store XRP on https://t.co/bCG11KMQ6s or using our iOS and Android apps.https: //t.co/5VE1WklrWo pic.twitter .com / Zp5odgaoHs
– Coinbase (@coinbase) May 13, 2019
The Litecoin Foundation has announced that it will sponsor the event “Glory 65”. This will take place next Friday in Utrecht. Litecoin had already appeared in December 2018 as an official sponsor of a UFC fight between Jon Jones and Alexander Gustafsson.
This Friday Litecoin gets in the ring at # GLORY65. Tune in and support this awesome organization that's fast-paced the world of sports by storm and making Litecoin a part of their push! https://t.co/q7gZhgoSuf @GLORY_WS @ufcfightpass pic.twitter.com/wg215fivLu
– Litecoin Foundation (@LTCFoundation) May 13, 2019
StellarX, the decentralized Stellar-based crypto exchange, has announced that its customers will soon be able to access the platform through an app. The app should be available for iOS and Android.
Users can deposit Euro, Yuan, Pounds Sterling, US Dollars and other Fiat currencies on StellarX. At the crypto exchange, they can exchange these currencies for cryptocurrencies.
Coming soon to StellarX … Android & iOS wallet apps! Here's a sneak peek of what's coming to Android. Follow @stellarxhq for more updates! pic.twitter.com/CSGj6NricG
– StellarX (@stellarxhq) May 13, 2019
Tron has released his latest review of the dApp environment. Among other things, the report shows that there are now 24 games available on the network.
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Bitcoin, Ripple XRP and other crypto currencies have posted strong price gains in recent years. If you also want to know how to invest in cryptocurrencies, read our instructions here .
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/analyst-wale-treiben-riesige-bitcoin-kurs-btc-rallye-plus-ripple-xrp-ethereum-litecoin-stellar-und-tron- update /
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