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Price analysis 12/9: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

Published 12/09/2020, 04:00 PM
Updated 12/09/2020, 05:40 PM
Price analysis 12/9: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM
BTC/USDT
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BTC/USD
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BCH/USD
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ETH/USD
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In a recent Reddit “Ask Me Anything” session, billionaire Ray Dalio warned investors that the current astronomical pace of money printing is unlikely to stop in the near future and holding wealth in cash could lead to losses. Dalio said that Bitcoin (BTC) “could serve as a diversifier to gold and other such storehold of wealth assets.”

A new report from CoinShares shows that the transition from gold to crypto products may have already started. The report highlights outflows of $9.2 billion from gold investment products and inflows of $1.4 billion into crypto products during the same period. Interestingly, along with Bitcoin, Ethereum funds are also attracting investments.

Daily cryptocurrency market performance. Source: Coin360
BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
BCH/USD daily chart. Source: TradingView
LINK/USDT daily chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
XLM/USDT daily chart. Source: TradingView

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