Despite the news regarding the Binance hack, Bitcoin (BTC) is purportedly still looking like a buyable asset. In the past 24 hours, BTC is up by 2.1% according to data from CoinMarketCap. Altcoins, on the other hand, have been slammed, with most notable coins/tokens losing 2% or more, leading Bitcoin dominance figures to 2019 highs at 58%. While some have seen this as a bearish sign, some are convinced BTC remains in a clear uptrend.
Popular analyst The Crypto Monk notes that “Bitcoin is still in a strong uptrend”, seemingly citing the fact BTC hasn’t pulled back after its rally past $6,000, which acted as a level of utmost importance for much of 2018.