Price analysis 10/12: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, CRO
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.
US equity markets are nearing all-time highs on the hopes that Democrats and Republican will break their current stalemate and strike a deal to release another round of stimulus for American citizens and the small businesses they operate.
While these monetary and fiscal stimulus measures have been proven to boost stock market returns in the short-term, they also add to the massive debt burden facing the US Printing more money from thin air cannot be a permanent solution to every problem and at some point the chickens will come home to roost.
Daily cryptocurrency market performance.
Coin Telegraph - 12th Oct 21:10