FxPro Financial Services Ltd | Apr 12, 2021 07:39AM ET
After a long swing, Bitcoin crossed the $60k threshold and was close to historic highs above $61,200. Bitcoin is up 2.5% at the beginning of the week and is currently trading just below $60,000. Institutions can resolve the dispute around the round level while the new "weekend growth" pattern remains in place.
The most important technical aspect of the price rise was the news that bridges to the Ethereum and Wanchain blockchains will be opened on the XRP network within days. Thus, Ripple's management may be showing a change in its fundamental plans. The company's strategy may now be aimed not at the traditional banking sector, which very much dislikes competitors on its playing field but at the DeFi sector, which is rapidly becoming a competitor to the traditional banking system.
The FxPro Analyst Team
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