Cardano, Ethereum & Bitcoin – American Wrap 13 August
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: No one wants to sell as BTC and ETH consolidate in time versus price
Bitcoin price and Ethereum consolidate notable gains above critical resistance that has become support as XRP price reaches a short-term top and contemplates the next leg higher.
Cardano announces a delay in the Alonzo hardfork in their latest development update. ADA price is likely to suffer the impact of the delay since earlier this month founder Charles Hoskinson slammed critics for their uncertainty on Cardano’s smart contract rollout. Smart contract launch date is set to be pushed further in September due to the latest announcement. Cardano’s latest updates may negatively impact the “Ethereum killer’s” price rally.
Bank of America outlines the benefits of adopting Bitcoin as legal tender in El Salvador, suggesting a bullish outlook on the leading cryptocurrency. Bitcoin is decoupling with gold, correlation turns negative as the bellwether cryptocurrency rallies. Bitcoin mining difficulty is up 7.3%, marking the first significant increase since the hashrate migration.