Massive Sell-off of altcoins for BITCOIN
Monday afternoon has seen one of the highest gains for Bitcoin. The total market cap of the crypto market has not changed much from the previous day but the market cap of Bitcoin grew 3.6%. So the total market cap of all crypto market did not change much but a selloff of other altcoins for Bitcoin is seen on the charts. It looks like the uncertainly over forks and China FUD is over and confidence in Bitcoin is growing again. Also with the upcoming forks everyone is expecting a “crypto dividend” or free coins.
Bitcoin Cash in free-fall
As soon as major exchanges like coinbase started trading bitcoin cash a massive sell-off started. This shows the lack of confidence in BCH. Many are thinking if the B2X will have the same fate. For now it looks that the original Bitcoin has the momentum and is likely to carry on the bullish trend.
Sources: https://coinmarketcap.com/
Wow, that's cool. Thanks.
I am curious to see when Japan and South Korean Banks will open in a few hours. Maybe everyone there will have FOMO and might drive the BTC price even higher.
Great enjoy a lot want to see more of this in future. @zackkvideos
Thank you. Will do my best to post more similar posts.
regular Bitcoin recovered well from the last split. Do you think that will happen again? If so buying some of these alt coins cheap could pay off big time.
I believe people are getting more confident about forks and less fearful. I believe B2X is going to have a similar fate like BCH and BTC will get even stronger. I also believe that now is a good time to buy some of the cheap Altcoins that have potential upside. Again this is my humble opinion and dont take this as an investment advise.