Bitcoin Versus Christmas: ‘It’s Taking Out The Marginal Retail Buyer’
Well, depending on where you get your prices, Bitcoin is sitting near all-time highs on Friday morning.
“Bitcoin has spent a better part of the last week undulating roughly sideways amid sharp gains in alternative currencies,” Coindesk writes. Here’s what “roughly sideways” means:
Yes, “roughly sideways” – in a $2,000 range. Here’s futures versus spot:
Of course Coindesk is right. When it comes to meteoric gains, Bitcoin has been supplanted (for the time being) by Litecoin and Ethereum, which have skyrocketed over the past week:
This decision is probably gas on the fire: