Cosmos, Ripple & Bitcoin — Asian Wrap 01 December

Cosmos, Ripple & Bitcoin — Asian Wrap 01 December


Cosmos (ATOM) price is trading with a bullish bias despite a rejection from the $10.218 resistance level. The optimism comes on the back of chatter of a possible fork, expected to result in an airdrop, an outcome that would be effectively bullish for Cosmos Hub.

Ripple (XRP) price could close the month of November in style and usher in December on a high note, depending on what November 30 brings. Currently, all eyes remain peeled on the US Securities and Exchange Commission (SEC), with the financial regulator expected to hold a closed-door meeting on Thursday. Amid rumors of a settlement, such an outcome could see Ripple price jump. 

Bitcoin (BTC) price remains shy of $40,000, steadily edging toward this big target as the rally runs on fumes. There is no bullish fundamental to drive the market, save for speculation around spot BTC exchange-traded funds (ETFs). As it turns out, a positive development in this macroeconomy may be the only tune that Bitcoin dances to.

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