2017 Redux: Bitcoin Marches Relentlessly Higher Eating Altcoins, $6,400 Next?6.2

Back in the build up to the massive bull run at the end of 2017 Bitcoin and altcoin markets were inversely correlated. One would surge at the expense of the other as traders switched between the two assets. Now that we have so many stablecoins to choose from, that correlation should have diminished but today it is as strong as ever.

Bitcoin has added a further three percent on the day to surge to a new 2019 and six month high of $6,290 during Asian trading this morning. BTC has not fallen back below $6,000 since it broke that barrier early yesterday and volume has increased to $18 billion as it pushes ever higher.

Original source
https://www.newsbtc.com/2019/05/10/2017-redux-bitcoin-marches-relentlessly-higher-eating-altcoins-is-6400-next/

Persons

Add comment

Please Sign in to be able to leave comments.