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: 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. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
Leave A Comment
You must be logged in to post a comment.
Comments 1
-
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
Leave A Comment
You must be logged in to post a comment.
Comments 1
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