From new analysis on Bitcoin’s pullback to a boost for XRP and Stellar Lumens, here’s a look at some of the stories breaking in the world of crypto.
Carter Worth, also known as the “Chart Master” of CNBC’s Fast Money, says Bitcoin’s recent pullback is giving traders a chance to get long.
According to Worth, Bitcoin is following an orderly trendline that has bounced three times before and indicates a fourth bounce is on the way.
“It has been a well-defined trendline and it has found that trendline repeatedly. And the sell-off today – it’s a four-session sell-off – peaked a trough of 30%… The lows should stand as major lows in December. And this pullback, 30%, I think it’s an opportunity to get long if you’re not long already.”
Worth says Bitcoin’s pullback from around $14,000 is key to keeping the leading crypto on a healthy trajectory going forward.
“I like the pullback. I think that’s key. Because the pullbacks are what actually keep it going because you’re shaking people out. You’re hurting people every time you pullback who won’t come back again or who maybe will when it’s much higher.”
Key developers behind Ethereum’s scaling solution known as Ethereum 2.0 have finalized an outline of the main features that will be included in the upgrade.
The much-anticipated update is designed to dramatically boost the number of transactions the Ethereum blockchain can handle per second.
Eth2 spec release v0.8 — SubZero
The phase 0 spec freeze is here! Thank you to everyone for all of the incredible work that has gone into thishttps://t.co/XuSHr4NCnP
— dannyryan (@dannyryan) July 1,