NEW: Financial research firm Bernstein said #Bitcoin is about to experience an unprecedented rally led by institutional investors, after Greyscale’s lawsuit victory against 🇺🇸 SEC 🙌
Bitcoin’s rally to $27k stopped this week, but encouraging signs of network fundamentals and whale activity suggest the fundamentals remain strong. Analysts are keeping a close eye on the latest price action and network updates as we move into 2021.
The meme coins that began as a joke are proving to be no laughing matter. PEPE and SHIB prices rose double digits within the last week, solidifying their place in the cryptocurrency market.
In what could be a major boost to cryptocurrencies, the SEC is expected to approve several proposed spot ETFs, paving the way for further bullish momentum for Bitcoin. Matrixport, a global crypto financial services platform, is expected to benefit from this decision.
XRP faces short-term volatility, but can rely on key support levels to bounce. It is holding the $0.18 level, while the $0.16 area is likely to be the biggest level of support if the price drops any further.