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Bitcoin drops as president Trump contracts virus.

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Bitcoin dived down by about 3.45% approximately an hour after the United States president confirmed that he had contracted the coronavirus. It experienced high volatility and traded around the $10,461 level.

The UK financial conduct authority has announced that Aave has received an electronic institution license and the token has seen a strong performance on the back of this.

The UK branch of Aave can now facilitate currency conversions and payments. It can now also issue electronic money accounts for businesses and existing customers. With Aave releasing a positive statement saying that this is a victory for decentralized exchanges and that they hope this is just the start of an incredible relationship between fiat currency institutions and DeFi platforms.

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Crypto

Cardano biggest winner ahead of start of the new week

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Cardano (ADA) is up over 3% and it broke the USD 1.31 resistance. It seems like the price might soon clear USD 1.34. In this case, the price could continue to rise towards the USD 1.36 level. The next major resistance is near the USD 1.45 level. On the downside, the price might find bids near USD 1.28.
Litecoin (LTC) managed to clear the USD 140 and USD 145 resistance levels. The next key stop for the bulls could be USD 155. Any more gains may possibly set the pace for a move towards USD 168. If there is a downside correction, the price might find bids near USD 135.

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Crypto

Bullish momentum for Bitcoin.

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Bitcoin price gained bullish momentum above the USD 52,500 resistance level. BTC even cleared the USD 53,251 resistance and it is currently  showing positive signs. If the bulls remain in action, there could be a steady rise towards USD 55,100.

Similarly, most major altcoins are extending gains. ETH gained traction and it even tested the USD 2,510 zone. XRP/USD broke the USD 1.157 resistance and it might continue higher

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XRP up 100% in a week.

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As organized pumping and dumping efforts continue to spread, the cost of XRP has multiplied in the previous two days, while other as of late siphoned coins have just smashed from their new highs in twofold digits.

On Saturday, XRP was exchanging at USD 0.281 before the convention strengthened and pushed the cost to USD 0.59 by Monday morning . A the hour of composing, the cost is up by 42% in a day and 113% in seven days. It bounced by 145% in a month and 144% in a year.

Additionally, XRP is back as the third biggest cryptoasset by market capitalization, after it slammed because of an administrative crackdown in the US.

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