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A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.
Heisenberg Capital says it’s pouring new capital into the leading cryptocurrency in anticipation of the market “rejecting everything” except BTC.
https://twitter.com/HeisenbergCap/status/1125104461465182208
The fund has invested in a number of leading crypto companies including Bitpay, Kraken, ShapeShift and Bitfinex. The post triggered an instant response on crypto Twitter in defense of alternate cryptocurrencies.
https://twitter.com/jetpack/status/1125426979707158528Market rejecting everything can change from one day to another. Anyways, it would be nice that many shitcoins disappear, but you forget that some of them have strong fundamentals, strong partnerships, real use case, working product and they 'll grow.
— Bitcoin ? We are all Satoshi (@CryptoW49104301) May 5, 2019
Right now, the crypto market is mixed, with Bitcoin up 0.14% at $5,680, according to Coin360. Ethereum is up 8.28% at $173.83 and XRP is up 0.42% at $0.3005.
Technical analysts are watching Bitcoin’s resistance at $5,700, with CoinDesk’s Omkar Godbole calling out risk of a short-term pullback.
Bitcoin
CoinDesk – Bitcoin risks pullback after rejections at key 2018 price hurdle
FXStreet – Strong growth above $5,700 is needed for an extended recovery
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Ethereum
CoinGape – ETH blasts through short-term hurdle
FXStreet – ETH/USD breaks above descending channel resistance
XRP
Blockonomi – Clear risk of further declines
Live Bitcoin News – XRP bulls now facing uphill task
Litecoin
Ethereum World News – Risk of downside extension below $70
FXStreet – LTC/USD next major bull target of $100 in sight
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