➡️ OPM Wealth: http://opm.cryptonewsalerts.net
BITCOIN BTC DOMINANCE DOWN 11%
Bitcoin has started to consolidate just above the $10k mark but altcoins are still climbing which has pushed BTC dominance to an eight-month low.
Has the alt season finally arrived? Since the beginning of this year, the BTC market share has declined by almost 11%.
By the end of last year it had topped 70% but today it has dropped to 62.5% according to Tradingview.
This is the lowest it has been since early July 2019. The Bitcoin price itself has made around 44% this year in a climb from just under $7,200 to top out at $10,500 a couple of days ago.
These gains are impressive when compared to any other asset such as gold which has only managed just over 4% in the same period.
However, in the world of cryptocurrencies, these gains have been eclipsed by some of the altcoins, several of which have surged by three figures since the beginning of the year.
Total market capitalization itself is up over 60% since New Year’s Day as the rest of the cryptocurrencies out-perform their big brother.
Total crypto market cap topped $300 billion this week which is the highest it has been since early August last year.
XRP Price Hits 7-Month High as BitMEX Users Reel From 60% Flash Crash BitMEX continues to field major criticism and even anger from traders who lost huge amounts of money in a flash crash involving altcoin Ripple XRP.
The crash, which occurred at 14.00 UTC on Feb. 13, saw XRP/USD fall 60% from $0.33 to just $0.13 – for two seconds.
In that time, traders complain, measures designed to prevent liquidations of positions failed to activate, and BitMEX automatically erased their entire balances.
BitMEX is well known for offering trades with significant leverage. In the case of XRP, traders are able to leverage by up to 50 times.
Follow Us:
➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net
🔥 Blog/Podcast: http://CryptoNewsYes.com
🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net
🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net
🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes
🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net
🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net
🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net
🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: ► http://trezor.cryptonewsalerts.net
Ledger: ► http://ledger.cryptonewsalerts.net
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Look urself in the mirror first dude and ask yourself, “who am I ? What am I?” You need it seriously.
— CRYPTO BUDDHA (@AntonioB162738) February 13, 2020
https://cointelegraph.com/news/xrp-price-hits-7-month-high-as-bitmex-users-reel-from-60-flash-crash
-
Nerve-Wracking Times for Traders: Top Crypto Analyst Reissues Bold $450K Bitcoin Price Forecast
Bitcoin, the pioneer of cryptocurrencies, is once again testing the nerves of traders as a top crypto analyst boldly reissues a staggering price forecast of $450,000 for the leading digital asset. This unexpected reiteration of a bullish prediction has sent shockwaves through the crypto community, leaving investors both excited and cautious as they navigate the current market conditions.
The article at the center of the buzz sheds light on a prominent crypto analyst who has decided to stand by their earlier forecast of Bitcoin reaching an impressive $450,000. In a market known for its volatility, such bold predictions can stir a myriad of emotions among traders, ranging from anticipation to skepticism.
As Bitcoin’s price weaves through ups and downs, the reissued forecast adds an intriguing layer to the ongoing dialogue about the future of the cryptocurrency. Traders find themselves at a crossroads, grappling with the decision of whether to align their strategies with this optimistic prediction or to approach it with a degree of caution given the unpredictable nature of the market.
The $450,000 Bitcoin price forecast raises questions about the potential catalysts and timeline that the analyst envisions for this remarkable surge. Understanding the reasoning behind such bold predictions is crucial for investors seeking to make informed decisions in an environment where sentiment can sway rapidly.
While some traders may view this as an opportunity to capitalize on a potential upward trend, others might approach it with skepticism, considering the various factors that can influence the crypto market. Regulatory developments, macroeconomic trends, and global events are among the external factors that could impact the realization of such a lofty price target.
As the crypto community navigates these nerve-wracking times, it’s essential for investors to conduct thorough research, stay informed about market developments, and approach predictions with a discerning eye. The reissued $450,000 Bitcoin price forecast adds an element of excitement to the unfolding narrative of the cryptocurrency market, but caution should prevail in the face of uncertainty.
In the ever-evolving landscape of cryptocurrencies, traders must remain adaptable and resilient. The coming weeks and months will undoubtedly provide more insights into whether Bitcoin can live up to this ambitious forecast or if the market has additional surprises in store for investors. As the crypto saga continues, traders buckle up for a potentially thrilling ride, keeping a watchful eye on Bitcoin’s price movements and the unfolding drama in the digital currency space.
