Price Analysis 7/20: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, LINK, CRO

[Riya143]

Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price.
Gold continues to trade near its nine-year highs as investors hedge their portfolio against a possible devaluation of the U.S. dollar due to the expansive monetary policy of the Federal Reserve. Bitcoin (BTC), which has long been forecast as digital gold, is not finding favor among investors as it remains highly correlated with the U.S. equity markets.

However, Binance CEO Changpeng Zhao believes that over the long-term, the top-ranked asset on CoinMarketCap will again start behaving as a safe haven asset.
Read More: https://cointelegraph.com/news/price-analysis-7-20-btc-eth-xrp-bch-bsv-ada-ltc-bnb-link-cro