Bitcoin fresh marketBitcoin Hit a Fresh All-Time High, and These Cryptocurrency Stocks Are Soaring | The Motley Fool
All the effort is now channeled to breaking above the upper boundary, which coincides with the 50 SMA. The expected breakout will be invalidated if XRP closes the day below the channel's middle boundary support.
It is worth noting that XRP is not out of the woods yet despite the recovery over the last 24 hours. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The cryptocurrency market slipped into a red zone, with all major altcoins nursing significant losses. Additionally, there is renewed hope that bitcoin could finally begin to achieve mainstream adoption as a payment method.
While PayPal NASDAQ:PYPL recently announced that its customers would be able to buy and sell bitcoin through the platform, the company also said its long-term plans include making bitcoin usable as a payment method with its 13 million merchants.
If institutional demand continues and bitcoin ends up gaining mainstream traction, there could certainly be more upside ahead. But it's also important for investors to know it's not a smooth ride. Bitcoin can move to the downside just as quickly, so invest accordingly. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement. Retired: What Now?
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