BTC Dominance: 47.7% UP 0.3% in 24h. Long-term downside resistance remains at 35.5%. 40% is now the new mid-term for 2018 is 48.7%.
Global Cap: $256B UP $2B in 24h. The 2018 low is $233B. $300B upward resistance has been tested and failed multiple times in the last few weeks. This now represents the strongest upside resistance we have seen in global cap in months.
Dail Global Volume: $12.8B UP $1.1B in 24h.
BTC now down 8 of 9 daily candles with the one green candle on Sunday a spinning top. Then over the last 5 hours, we have seen BTC regain some bullishness with a volume increases. This again is a BTC-only rally as BTC dominance has risen with this volume.
A small decline in BTC dominance over the prior 3 days was driven by small positive moves in large-cap ALTS, and ETC which seemingly has a life of its own pre-Coinbase listing. To put this in perspective, ETC has had an incredible run to reach $20 lately. In February, a couple of weeks before the Callisto Airdrop, ETC ran up to over $40. But you ask, What is the value of Callisto that ETC holders earned? Today Price for CLO is 1 Cent. At least compared to BTC, ETC is seeing increasing network traffic compared to late 2017, So that is one way to confirm the value of a project.
The catalysts that move markets can also define markets. It seems like exchange adds are the only consistent price catalyst we see anymore, and those moves tend to fade quickly once the coin begins trading on the new platform. Back in February one of many catalysts for a project could result in daily, sustained growth. The only similarity is that the "buy the rumor, sell the news" sentiments continues :)