Major Market Shift: Altcoins Just Don’t Give a F#ck
After a lifetime of following Bitcoin’s erratic ups and downs, altcoins now appear to be standing on their own, strong and tall.
Days of gains without a pullback continue, despite Bitcoin falling back anywhere from 2 to 5 percent today. Typically, after a number of days of solid gains, altcoins plummet at the slightest sign of a dip in Bitcoin’s price.
Here’s a look at today’s highlights:
Bitcoin dominance also continues to fall as altcoins gobble up more and more share of the crypto market. At time of publishing, Bitcoin dominance is down to 32.9% on Coinmarketcap. It was above 60% less than a month ago.
Of course, if and when Bitcoin takes a major tumble, it’s still likely the whole market would move down. Regardless, the mood is clearly different, and it will be fascinating to see what happens moving forward.
Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.
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Brian in Chicago
Jan 4, 2018Crypto Investor had a decent counter-point/other-side-of-the-coin viewpoint.
Worth a listen: https://steemit.com/bitcoin/@cryptovestor/the-coming-altcoin-exodus
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Brian in Chicago
Jan 4, 2018Crypto Investor had a decent counter-point/other-side-of-the-coin viewpoint.
Worth a listen: https://steemit.com/bitcoin/@cryptovestor/the-coming-altcoin-exodus