Today Bitcoin rose a steady 10% but left all the other cryptocurrencies behind, most nostably ETH, BCH, LTC, starting at 2am CET the 26th of december. Even Ethereum which got an interesting edge over Bitcoin 24 hours before lost that edge.
This is a new beheviour compared to the past weeks when all main currencies always moved together with Bitcoin in some proportion. What happened today is not that all altcoins lost value, they simply sidewayed while bitcoin was growing on his own.
My personal explanation is that some new fresh non-professional money just went into the market, and I expect an adjustment of the other currencies as soon as tomorrow, first working day after x-mas holidays.
Expected growths within the next 24 hours compared to Bitcoin
ETHBTC +10%
BCHBTC +9%
LTCBTC +8%
XRPBTC +2%
This is a new beheviour compared to the past weeks when all main currencies always moved together with Bitcoin in some proportion. What happened today is not that all altcoins lost value, they simply sidewayed while bitcoin was growing on his own.
My personal explanation is that some new fresh non-professional money just went into the market, and I expect an adjustment of the other currencies as soon as tomorrow, first working day after x-mas holidays.
Expected growths within the next 24 hours compared to Bitcoin
ETHBTC +10%
BCHBTC +9%
LTCBTC +8%
XRPBTC +2%