Bitcoin surpassing $19k led Ethereum and altcoins to plunge—what’s next?
BTC $19,031 (+3.3%) • ETH $606 (+1.5%) • XRP $0.70 (+31%)
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The price of Bitcoin surpassed $19,000 on November 24, reaching $19,299 on Binance. As BTC rallied, major alternative cryptocurrencies, including Ethereum and XRP, fell sharply.
Whether the trend of profits from altcoins cycling into Bitcoin would continue in the near term remains to be seen. One variable could prevent a broader altcoin market downturn, and that is the $20,000 resistance.
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Bitcoin has undergone a strong rally since the lows of September and October.
XRP is now up 200% since the start of November, at highest price since mid-2018
XRP has ripped higher over the past few days as the coin finally begins to catch up with Bitcoin and the decentralized finance (DeFi) market.
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