Bitcoin Shows Positive Signals Over the Weekend: What's Next for 2020? - Latest cryptocurrency news

Bitcoin Shows Positive Signals Over the Weekend: What’s Next for 2020?

Bitcoin‘s price has been navigating above the $43,000 mark throughout the weekend, signaling a positive trend for a potential rise. The total market capitalization of cryptocurrencies is fluctuating around approximately $1.63 trillion.

Ongoing discussions between the SEC and potential ETF applicants are keeping investors’ excitement alive. There are only 30 days left for the SEC to make its final decision.

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If there is no major disappointment regarding the SEC’s approval, this situation could attract more investors to the cryptocurrency market next year. In futures trading, BTC’s open positions showed a decrease of 1.45% compared to the previous day.

Among altcoins, XRP, AVAX, and ADA’s futures trading volume showed double-digit increases compared to the global average. Additionally, with the excitement surrounding airdrops, Solana has started its second rally wave.

On a weekly basis, the altcoin with the highest gain was BONK Token, with a 133% increase. Another rising altcoin was BTT Coin. However, altcoins such as DYDX, RUNE, MKR, IOTA, and KAS were among those that experienced weekly losses.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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