Why Crypto Is Going Up? Bitcoin And Ethereum Price Rally for 5th Straight Session, XRP, Dogecoin Follow
Cryptocurrency
markets extended their winning streak for a fifth consecutive session today
(Monday), 27 October 20205, as Bitcoin price surged past $115,000 and Ethereum
reclaimed the critical $4,200 level, with the rally fueled by easing US-China
trade tensions and growing expectations for Federal Reserve rate cuts.
In this
article, I analyze four charts – BTC/USDT, ETH/USDT, XRP/USDT and DOGE/USDT –
drawing on more than 10 years of experience as an investor and technical
analyst to explore why cryptocurrency prices are surging.
Total
cryptocurrency market capitalization climbed approximately 1.9% to $3.92
trillion as investors positioned ahead of the Fed’s October 29 meeting, where
there’s a 98.3% probability of a 25-basis-point…
