Bitcoin Continues Inching Up
Today is another good day for Bitcoin hodlers with Bitcoin continuing its upward movement. Taking a look at @coingecko, we can see that Bitcoin is up and maintaining its dominance at 50.5%. Ethereum is another strong gainer today. However, most other altcoins are slightly down.
Ever since the recent breakout of Bitcoin to the $5000 region, I have been waiting for the altcoins to rally. Usually a big move up by Bitcoin is soon followed by a series of altcoin pumps. However this time seems to be different. The market seems to be more cautious this time and isn't getting into altcoins too readily.
Does this symbolize a more sustainable rally? It could be. But based on the cryptocurrency greed/fear index, we have been in the greedy range for quite some time already.
So for now, I am cautiously hoping for my altcoins pump. What do you think? How do you think the market will move next?
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I would rather not see a pump. I would rather see slow steady gains for the more useful coins with good development.
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Of course it's better to have slow and steady gains :)
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Yes Bitcoin get great pump.Its good to see.
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I like it too 😁
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😂
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Maybe people are cautious because they prefer to see what will really happen with Bitcoin.
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Perhaps. Some quality altcoins had seen some decent gains as well
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