Top Analyst Explains Why Ethereum Could Outperform Bitcoin This Cycle

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Published: 28 October 2020 28 October 2020
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Nick Chong - NewsBTC - Wed Oct 28, 5:00AM CDT


Ethereum has strongly underperformed Bitcoin over the past two weeks. As BTC has shot around 20% higher in the past 10 days alone, ETH has gained approximately 8%.

This trend is not isolated: almost all leading altcoins are underperforming Bitcoin. The severity of BTC’s spike to the upside has compressed gains in altcoins as all focus and capital is focused on Bitcoin. 

While some think this will be a fixture of this cycle, a prominent crypto-asset analyst recently made the case for why Ethereum may outperform Bitcoin all this cycle.

Read full article here: https://www.newsbtc.com/analysis/eth/top-analyst-explains-why-ethereum-could-outperform-bitcoin-this-cycle/


First Mover: Bitcoin Surges to New 2020 High as Harvest Debacle Provides Costly DeFi Lesson

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Published: 27 October 2020 27 October 2020
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www.coindesk.com

Bitcoin reached a new 2020 high of around $13,420 after rising on nine of the past 11 days. 

The cryptocurrency’s recent rally despite a stalling of U.S. stocks has rekindled speculation that prices for the two asset classes are starting to diverge after a recent stretch in which they appeared highly correlated. 

“We have discussed the potential for a decoupling from traditional financial markets,” analysts for the blockchain data firm Glassnode wrote Monday. “It is too early to tell.”

read full article here: https://www.coindesk.com/first-mover-bitcoin-2020-high-harvest-defi-lesson

It’s “Do Or Die” For Altcoins As Bitcoin Continues Capturing Dominance

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Published: 27 October 2020 27 October 2020
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Cole Petersen - NewsBTC

  • It could be “do or die” for altcoins as Bitcoin continue capturing serious dominance over the aggregated crypto market
  • Bulls have been focusing their attention fully on BTC, which has caused many altcoins to plunge throughout the past few days and weeks
  • Ethereum has been a leading indicator of the state of the altcoin market, and the fact that it is still trading down 20% from its yearly highs despite Bitcoin setting fresh 2020 today is a grim sign
  • That being said, if Ethereum can rebound in the near-term, it could catalyze some serious momentum that sends altcoins rocketing higher

    Read full article here: https://www.newsbtc.com/analysis/btc/its-do-or-die-for-altcoins-as-bitcoin-continues-capturing-dominance/

 

Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin

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Published: 26 October 2020 26 October 2020
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A guide to what digital currencies issued by central banks could mean for users, banks and the economy

Why Big Tech Is Getting Into Finance
 
Why Big Tech Is Getting Into Finance
Why Big Tech Is Getting Into Finance
WSJ’s Liz Hoffman explains why Google, Apple, and others are offering products that might someday replace your wallet. 

Central banks around the world are weighing introducing a new kind of money, known as digital currency.

https://www.wsj.com/

To read the full article: 
https://www.wsj.com/articles/why-central-banks-want-to-create-their-own-digital-currencies-like-bitcoin-11603291131