Was Bitcoin’s drop the last warning before the Bullish “rally” on the road to the new All-time High?

InstaSwap
2 min readNov 26, 2020

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Bitcoin surpasses $19,000 mark and tops at $19,450 breaking its old yearly all-time high. At the moment the primary cryptocurrency is just few hundred dollars away from its last All-time High.

New Yearly Highs: Bitcoin is fairly the best performing asset of all

We have to admit that the $19,000 was resisting very well against its worst enemy “Bitcoin” but it was not enough and the King of Coins showed its dominance once again. Not only soaring the $19,000 mark, but it also tapped at $19,450. At the time of writing, the asset is only 5% away from its last ATH ($20,000).

Following BTC was positive for the rest altcoins as many of them noted some remarkable gains, raising their value and some of them even doubled the price. The largest crypto of all keep surprising us on a daily basis, while the rest coins slowed down and recovering the losses.

Altcoins retracing?

Ripple made some incredible price movements setting new mark levels for its value as it almost doubled the price and topped at $0.90. Nevertheless, it could not maintain the price and currently sits at $0.67.

News are also good for the second largest Cryptocurrency, Ethereum, as it surpassed the $600 mark and set a new yearly high of $620 but unfortunately it immediately retraced and currently stays below $600.

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InstaSwap
InstaSwap

Written by InstaSwap

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