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As anticipated Yesterday, Bitcoin hit a record high again of $10928.47 Yesterday, exceeding the psychologically important $10,000 milestone. Some profit taking occurred at these record levels and price is trading around $10434 presently, still above the $10000 level. Although no signs of weakness are visible, we expect price to settle down and move sideways for a while.
SPOTLIGHT ON RIPPLE (XRP)
Ripple had also a nice move up Yesterday moving over 14% to a high of 0.26423 before a pullback occurred. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally. As more Banks get involved into the usage of Ripple, we should see Ripple getting stronger. The newer Altcoins usually take a while to be accepted by the majority and Institutional participation usually boost the Crypto. Will be worth it to keep an eye on this one.
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