Nov 20, · Data source: Yahoo! Finance. Bitcoin approaches new highs. Even as the stock market fell, bitcoin continued its amazing ascent. The price of . BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market . On 18 August , the domain name 24crypto.de was registered. Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list.. On the 9th of November, the Bitcoin project was registered at the open-source-projects community resource, 24crypto.de
Btc markets communityMarket Wrap: Bitcoin Slips to $11,; Ether Locked in DeFi Is Flat - CoinDesk
Looks like Bitcoin will continue to outperform alt coins for the short term. But don't be discouraged, as long as your alt coins keep going up against the dollar, you are winning Normally the Alt Season Start on December this is 3 years in row trends.
BTC dominance is at supply zone, previously many times it rejected frm same zone. Anyone that holds the majority of their cryptocurrency portfolio in Alts ought to be looking at this chart.
Not even going to do any analysis, the result is already in. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away. This is partly to do with Some Elliott Wave for you. Hello, traders!
Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally. Christmas holidays are coming and traders in the stock market prefer to fix their positions.
In case if big players are fixing positions on BTC, the nearest support level is at the price values of I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Anyone that bought the dip on Alts, very ballsy! They are joined by other big investors adding millions of Bitcoin to their bank balances, including Grayscale and MicroStrategy who have made millions off the interest holding Bitcoin brings.
While in previous bull runs, Bitcoin liquidity ticked up, this time things are different. This shows that whales appetite is to gobble up Bitcoin and wait for its value to increase. Some have wondered if this is leading to a shortage of Bitcoin.
Ethereum led the charge, gaining 8. Over in the stock markets, US investors will have a shortened week due to Thanksgiving. But for retailers hoping to recover some of the losses from earlier this year, states across the US have added curfews, stay-in-place advisories and mask-wearing mandates.
Daily new cases are now sitting at around , per day as COVID has taken the lives of more than , Americans and infected more than 12 million. While online retailers have capitalised on the increase in digital spending, those on the high street will continue to struggle.
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