Another week, another round of Crypto Tidbits. Over the past week, Bitcoin has flatlined, trading between $6,500 and $6,800 for a number of days. Almost all altcoins followed suit, also posting close to no notable price action over the past few days. Ripple’s XRP, though, got some time in the spotlight, rallying 10% higher on Thursday and Friday to multi-week highs, despite there being no good news about the cryptocurrency or Ripple.

While Bitcoin could easily reverse lower, many investors have announced that the asset’s fundamentals are becoming stronger than ever. Placeholder Capital’s Chris Burniske, for instance, wrote that this crisis “will pass, and crypto’s fundamentals will have strengthened through it.” Burniske highlighted how “new technologies rise as old systems break, and often it takes a crisis to reveal the flaws of the old system in full.”

source_https://www.newsbtc.com/