quantguy
Long

Altcoins Usurp Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Both BTC and the Altcoin Index have retraced somewhat over the holidays as investors have taken a hearty profit, and stepped away from their trading desks for a moment. The Altcoin Index has been rebalanced to reflect recent gains in Ripple which has overtaken Ethereum in market share. Recent gains in ETH, XRP, and NEO have caused a sharp uptick in the Altcoin Index, overtaking the lackluster BTC . This is reflected in the Crypto Spread indicator which indicates that Altcoins have the upper hand for now.

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