Perhaps the Bear Market jaded my memory, but I can't remember the last time the altcoin markets looked this good
Bitcoin has been creeping back up over $38k and the altcoin market has been on absolute fire.
I can't remember the last time I looked at Bittrex and saw the sidebar of all the altcoins looking like this:
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
The really neat thing about this positive price action in bitcoin and altcoins is that its coming on the heels of major dollar strength.
The USD has had one of its better weeks in a long time this past week, all the while bitcoin has been climbing.
It's one of the reasons gold has been so weak this past week.
The prospects of more stimulus is likely playing a major role as well as what has been going on with Wall Street and the GME saga is likely helping as well.
We have a lot of people looking at financial markets right now, and some of that is being directed towards the crypto markets for sure.
STEEM is even starting to wake up...
It even looks like our favorite altcoin is seeing some bullish price action as well...
(Source: https://coinmarketcap.com/currencies/steem/)
While $.23 is nothing to get excited about, it's nice to see it start participating in the bull market.
It seems to move later than most of the altcoins, so this may be the start of it moving up over the coming days and weeks.
Altcoins traditionally do very well in the spring and early summer, so to see things already heating up is a great sign.
Things are finally starting to get fun again!
Stay informed my friends.
-Doc
Wondering if the GME stuff and consequent Dogecoin and XRP pumps might not have given alts some attention they might not have gotten otherwise. All good news!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit