Bitcoin surpassing $19k led Ethereum and altcoins to plunge—what’s next?BTC $19,031 (+3.3%) • ETH $606 (+1.5%) • XRP $0.70 (+31%)
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The price of Bitcoin surpassed $19,000 on November 24, reaching $19,299 on Binance. As BTC rallied, major alternative cryptocurrencies, including Ethereum and XRP, fell sharply. Whether the trend of profits from altcoins cycling into Bitcoin would continue in the near term remains to be seen. One variable could prevent a broader altcoin market downturn, and that is the $20,000 resistance. Ad 📈 Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬US Fed: Privacy concerns in “Big Tech” are good for state-backed digital currenciesEconomists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative. Cardano introduces Smash, a new open-source stake pool metadata aggregation serverIOHK, the company behind Cardano, has introduced Smash—a new metadata framework that will act as a better and more accurate source of stake pool information. Bitcoin’s “logical” market cap limit (for now) is gold’s $9 trillion valuation: traderBitcoin has undergone a strong rally since the lows of September and October. XRP is now up 200% since the start of November, at highest price since mid-2018XRP has ripped higher over the past few days as the coin finally begins to catch up with Bitcoin and the decentralized finance (DeFi) market. Exploring the idea of interoperability between Cardano and LitecoinDuring the latest Litening Series webinar, the heads of the Litecoin Foundation explored the idea of introducing interoperability between Cardano and Litecoin. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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