Price analysis 10/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV

Cointelegraph

Published Oct 23, 2020 03:13PM ET

Updated Oct 25, 2020 07:00PM ET

PayPal’s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such news-based events, traders holding short positions are caught off guard and are forced to cover their trades, resulting in the type of short squeeze seen during the Oct. 21 rally.

Cryptocurrency market weekly performance. Source: Coin360.com

BTC/USD daily chart. Source: TradingView
ETH/USD daily chart. Source: TradingView
XRP/USD daily chart. Source: TradingView
BCH/USD daily chart. Source: TradingView
BNB/USD daily chart. Source: TradingView
LINK/USD daily chart. Source: TradingView
DOT/USD daily chart. Source: TradingView
LTC/USD daily chart. Source: TradingView
ADA/USD daily chart. Source: TradingView
BSV/USD daily chart. Source: TradingView

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