quantguy

Altcoins Usurp Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin
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.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!

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