From a potential year-end rally for Ethereum and a bottom for Bitcoin, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin and Ethereum
For the first time since September, a technical indicator is pointing to a potential year-end rally for Ethereum.
As reported by Bloomberg, the last time the GTI VERA Convergence Divergence Technical Gauge, which detects trend reversals, found a similar pattern, Ethereum rallied for about a month.
As for Bitcoin, the founder of crypto investment firm BKCM says he believes BTC will hit a bottom around $2,900.
“I think we’re getting closer to the bottom. We have the preconditions for the bottom. The mania that we had last year – you’re seeing that reflected here in a pessimism. So the preconditions are there. It wouldn’t surprise me if we pop down to $2,900 on Bitcoin before we bottom.”
Ripple and XRP
Ripple just held a panel at its headquarters in San Francisco centered on the regulation of cryptocurrency and blockchain technology.
The panel featured attorneys Valeria Bystrowicz and Sarah Hody of Perkins Coie, Ripple’s senior vice president of business operations Eric Van Miltenburg and author and Wharton professor Kevin Werbach.
Meanwhile, the Singapore-based crypto exchange Bitrue now has 16 coins paired directly with XRP.
With the new listings, Bitrue has surpassed Poloniex and Bittrex in total daily volume of XRP traded, according to CoinMarketCap.
XRP is now paired with Bitcoin, Ethereum, Tether, Bitcoin Cash, Ethereum Classic, Gifto, Gemini Dollar, Kyber Network, Chainlink, Litecoin, Paxos, QuarkChain, TrueUSD, Wanchain, Waltonchain and 0x.
Tron, Cardano and NEO
Binance is adding a trio of stablecoin trading pairs for Tron,