The bitcoin (BTC) exchange rate on Monday evening due to a $10.400 boundary to be broken. The initial peak is no more than $10.474 on Bitfinex, while on Bitstamp the price is very little to $10,500 aantikte.
The power of BTC and the market is now 70%, and since march 19, 2017 not yet. The altcoins are indeed in dollars, in profit, compared to BTC, but they are at a loss.
The exceptions are the smaller cryptomunten as Ethereum, Classic, Hedge, Trade, and Bitcoin is Gold, but it’s almost not worth mentioning.
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Bitcoin (BTC) to update
Over the past few days moving up with BTC, especially to the side and sat night there was music on in the course.
Monday night lap at around 22.30 the $10.400 zone, with a large candle, and then the price, then, at this level continued to fluctuate. Even on Bitstamp, the $10.500 touch, but there was very little volume behind it.
Bitcoin price in last 24 hours (source: Cryptocompare)
As I said, the bitcoin’s dominance to return to a level of 70%. That was in march of 2017, more than two and a half years, not been the case.
Like the Moon, It costs noting on Twitter, bitcoin in 2019 and again to win in the smaller cryptomunten.
I guess it’s a long bitcoin short sell altcoins, type of day huh?
Haven’t a leg up to many of those this year
— Moon Games (@MoonOverlord) On September 2, 2019
A Shake-out among altcoins coming?
The altcoins had a long period of time, with a market share of more than 30% or even more in your hands.
The vast majority of the value of the smaller cryptomunten is based on the ICR of the quarter, which is in the years of 2016, 2017, and 2018, with separation.
This led, in mid-2017 and created a situation in which the value of the bitcoin and ethereum are very close to each other.
In 2019, picks up a bitcoin firm’s own initiative, with the result that the altcoins in BTC value this year, with heavy losses and suffering.
In absolute terms, the results of altcoins quite dramatic: almost $500 million was in the altcoins at the peak in January of 2018, eds.), today that figure is $79 million.
A lower value has a direct impact on the development of some of the projects. Is a shake-out in 2019, is already on the prowl?
An indicator of exchanges, that some cryptomunten not going to write in to their show. Both Bittrex and if Poloniex are on the market, with a greatly reduced range.
Also, Binance in the US, but this is a relatively small demand in the market.
Source: Coinmarketcap
Is the bottom reached?
But analysts, on Twitter, in the current market? According to Josh Rager, the bottom of the market is tentatively reached, and we are allowed to go up and look.
$BTC’s dominance monthly chart looks like in the end-to-the-bottom-of-a-market –
Looks as if the BTC.D capitulated, the “v” – bottomed followed by a strong recovery
At 72% now, highest since July of 2017
With Bakkt come, that we may not see a strong pullback in the BTC market dominance any time soon pic.twitter.com/lhaA6OWom3
— Josh Rager ? (@Josh_Rager September 3, 2019
In Cryptotwitter was in the last few days, bearish sentiment, and by the push of bitcoin is to provisionally leave you to it.
Luke Martin gets for not panic, as long as the price is above the $9.800 remains.
$BAC map for the rest of the week.
As long As price is above the range low (9800/9900), I favor staying long.
The Next condition that would lead to a high conviction play, similar to today, would be closing above 10.9 k.
With the early August levels, as a guide. pic.twitter.com/tgaRyTiM8G
— Luke Martin (@VentureCoinist) On September 2, 2019
The former Goldman Sachs heavyweight, Raoul Pal, best known for his Youtube channel, the Real-Vision of Finance, sees this as his last chance to get in.
It brings the popular narrative to it: bitcoin is a safe haven for capital in a financially uncertain times.
BTC is like gold, it is not linked to the financial system, in terms of production and in terms of storage.
If you don’t have any bitcoin $BTC #bitcoin ” then this looks like the last time, to board the blackberry ship…
I LOVE wedge patterns like this. They have a high probability of success.
Good luck. There’s a shit ton going on in macro land. pic.twitter.com/tmNzxkcgTQ
— Raoul Pal (@RaoulGMI) On September 1, 2019 At The Latest
We will zoom out, then pointed to the more experienced investor, Peter Burns insists that Bitcoin is the next cycle of the parabolic growth rate has fallen.
Possibility that is $, BTC has just entered fourth parabolic phase https://t.co/q4nAgkVJff pic.twitter.com/PL2LQ4ANOY
— Peter Burns (@PeterLBrandt) On September 1, 2019 At The Latest
New and Bitcoin News all over: Bitcoin hodlers are in the positive, Binance Lending, and “Satoshi”, the lid on the nose
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