Considering the news about cryptocurrency getting more and more spread (Facebook making secret projects about crypto in their platform, one of the world larges banks J.P. Morgan making a stable coin JPM, some states in the USA now accepting BTC as a tax payment) draws people more to Bitcoin. And knowing that uneducated people, about crypto, refers to any cryptocurrency as Bitcoin, actually makes people only get involved in Bitcoin. And that is applying to the price movement of this Digital Gold.
Comment:
The explosive move happened, but not to the expected dirrection. There was too big selling pressure. Now waiting for BTC to retrace to the 3200 level and then see its reaction against it.