The past three weeks have been great for Bitcoin – but also the altcoin market which recorded steady gains. Over the course of this month, we have seen a lot of positive news. In the coming altcoin news, we are seeing that this positive altcoin outlook remains even though some traders expect the major cryptocurrencies to begin breaking out and counteract the rise in BTC’s dominance.
For example, Ethereum has appreciated more than 150% since its low in December 2018 when it reached $80. As the current altcoin outlook shows, Ethereum is above $200 and trading in a stable way. Still, this is far from the all-time high of $1,400 which it established on January 13th the same year. Currently, there are two different patterns as seen in the latest cryptocurrency news – one of them is ETH surging to $300 and the other predicts it breaking below $150.
Ripple is next in our altcoin outlook. The dormant cryptocurrency is now seeing a lot of price movements which is something we haven’t seen lately. Despite its rise of more than 64,000% in the bull market of 2017 (going from $0.005 to $3.45), XRP has been forming a shoulder in its weekly chart which may predict a bullish-to-bearish trend reversal.
Bitcoin Cash has also been featured in the altcoin news this month for moving up by around 130%. The exponential increase in its market valuation showed a lot of room for BCH to go up. As the bull flag formed, the altcoin outlook for BCH shows that there are more targets to be achieved.
Litecoin, on the other hand, has been featured by many best cryptocurrency news sites for its increase of 350% since its low of $22 registered on December 14th, 2018. Right now, Litecoin is trading above $90 after testing the $100 mark a couple of days ago. The sentiment around it is high and the altcoin outlook shows that it could either breach $150 or revisit the $50 levels.
As last one in our list, we see EOS which have formed a bottom from its $2.90 resistance level and breached the $6 pattern. Right now, EOS is trading below $6 but analysts believe that it could soon start another bull run and rise beyond $7.
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Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
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Bitcoin SV (BSV) Doubles In Value After The BTC Copyright Claims
“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
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