Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, October 30

A bullish rumor doing the rounds was that the Chinese ban on bitcoin trading is likely to be lifted. That news boosted Bitcoin’s price higher yesterday. However, a parting message by Huobi poured cold water on the expectations. As a result, Bitcoin prices are correcting from their highs.

While Warren Buffett, Jamie Dimon, and a few others are warning of a bubble in Bitcoin, the legendary investor Bill Miller is smiling away to the bank. His fund is up 70% this year. Miller had invested about 30% of his fund’s assets in Bitcoin in early-2016.

Elsewhere, a few central banks are trying to stifle the use of Bitcoin by banning it. Nevertheless, the beauty of cryptocurrencies is that they are not controlled by anyone. The market shall decide the value. Though the ban might make it difficult to use Bitcoin in the marketplace, it is unlikely to affect trading activity…

Read Full: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, October 30