Despite concerns over how Bitcoin Options Expiry may affect prices of Bitcoin, Bitcoin prices have surged on Christmas day taking Bitcoin to all new heights of $27000! Now after Bitcoin’s surge, Altcoins are seizing the opportunity for a price rally.
All Altcoins have seen a steady price surge since 26th December. On the 28th of December, Ethereum, the second-largest cryptocurrency hit $720! Even, XRP, whose price is free-falling since the SEC lawsuit saw some improvement in its prices. In the last 24 hours, Polkadots’s prices have surged by 27.2%. Cardano has rallied up by 13.7% and Bitcoin Cash reached $364 while settling down today at $348.69.
As reported in Decrypt, Singapore based QCP capital has attributed this surge in Altcoin prices to Bitcoin Price Bull on Christmas Day. “Late yesterday we got the usual swapping of BTC profits into the Alts, driving ETH to new cycle highs as well.” QCP Capital wrote in a note to investors.
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