Crypto Moon Party has just kicked off: analyst
By Tomas Salles
The rises have been widespread, in some cases reaching outrageous magnitudes as is the case of Bitcoin BSV (+70.5%), Bitcoin Gold (+77.38%) or DASH (+47.23%).
Some of these upside proposals are risky since when they occur in illiquid assets, the timing of profit collection can be complicated and take a large part of the profit in the process.
The winners by trading volume were Bitcoin ($10.9bn), Ethereum ($3.22bn) and Litecoin ($1.54bn). XRP came in sixth place and was below the billion mark at $736.22M.
Despite the rise, market sentiment is in neutral mode, citing statistics from alternative.me. Its sentiment indicator marks 54, on a 0-100 scale (0- extreme fear, 100- extreme euphoria).
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- Market sentiment remains neutral despite yesterday's hikes, recalling past disappointments after previous pumps.
- Ethereum is positioned to beat Bitcoin in the next bull market.
- XRP is hit and misses the upside, but the ball is still in play.
The rises have been widespread, in some cases reaching outrageous magnitudes as is the case of Bitcoin BSV (+70.5%), Bitcoin Gold (+77.38%) or DASH (+47.23%).
Some of these upside proposals are risky since when they occur in illiquid assets, the timing of profit collection can be complicated and take a large part of the profit in the process.
The winners by trading volume were Bitcoin ($10.9bn), Ethereum ($3.22bn) and Litecoin ($1.54bn). XRP came in sixth place and was below the billion mark at $736.22M.
Despite the rise, market sentiment is in neutral mode, citing statistics from alternative.me. Its sentiment indicator marks 54, on a 0-100 scale (0- extreme fear, 100- extreme euphoria).
Continue Reading On FXStreet
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