Top U.S. Financial Advisor: Buy Companies, Not Bitcoin

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On Dec. 8, the cryptocurrency market remains uneventful. Most of the top coins see haven’t recorded any significant price moves, including Bitcoin (BTC).   


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Bitcoin holds a key level        


BTC, the number one digital currency, continues to trade sideways. At the time of writing, it is sitting at $7,524, CoinStats data shows. 


Earlier today, crypto trader Cantering Clark opined that it was important for the bulls to hold the current level in order not to form a lower high and retest the break of the bearish head-and-shoulders formation.



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Ethereum fails to rally 


With a modest 1.43 percent uptick, Ethereum’s price performance is particularly underwhelming. The leading altcoin didn’t budge even after the long-awaited Istanbul upgrade finally went live. ETH is currently trading at $150.19. 


It might have something do with the fact that one fails to keep count of the network’s recent hard forks. Bitcoin Core developer Peter Todd recently threw some major shade at Ether, claiming that a “genuinely decentralized network” cannot have three hard forks in a single year. 



However, the second biggest coin might finally attract new buyers with the advent of Ethereum 2.0. The launch of the beacon chain is expected to happen in early 2020.  


Ethereum’s Istanbul Hard Fork: Comprehensive Guide


Tezos makes it to the top 10


Meanwhile, Tezos (XTZ) once again becomes an outlier in the crypto market by recording a double-digit price increase. The token behind the first self-amending blockchain has been on a roll ever since Coinbase enabled Tezos staking on its retail platform.


XTZ has surpassed Cardano (ADA), Stellar (XLM), and Tron (TRX) — the three coins are trading flat at press time. 


 After its recent rallies, XTZ has once again managed to outperform Bitcoin in terms of percentage gains since its ICO.   



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