Image source

Bitcoin and crypto coins reacted fiercely to the Corona crisis recently, as did the entire financial world. The agendas in cryptoland are also undergoing an overhaul. A daily crypto analysis is now less meaningful. Of course, I am happy to keep you informed of all developments. That's why I like to share the state of affairs now.

Bitcoin and crypto coins update

After the earlier declines and the recovery we saw yesterday, the market remains positive. Bitcoin is making a 10% profit and many altcoins are gaining profits.

The course of the cryptocoins shows the first signs of confidence. The stable coins Tether (USDT) and USD Coin (USDC) are losing. This may indicate that investors are exchanging the safe crypto coins for riskier regular crypto coins.However, there are more signs that Bitcoin will continue to rise.

Peter Brandt warns for Ripple (XRP)

One of the crypto coins that has been in the corner for some time where the blows fall on the course is Ripple (XRP). With a simple Tweet, crypto legend Peter Brandt took the coin even further down. Brandt was asked by a Vietnamese investor who lost a lot on XRP at what level he had to enter. With the current exchange rate (of $ 0.1443) in mind, the investor's answer was very painful.

Of course, many investors are wary of this and Ripple (XRP) is certainly not out of the danger zone yet. The question of whether the currency will become a hero or a zero in 2020 remains exciting.

How far up does Dash (DASH) go?

There is one coin that performs remarkably well just outside the top 10. Dash (DASH) started to rise earlier in the past few days and therefore was a notable exception.

If we look at the charts, we see that there is even some room for further growth. In short, this coin too is one to keep an eye on, but for positive reasons.