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:

Bitcoin

Yes, “roughly sideways” – in a $2,000 range. Here’s futures versus spot:

BitcoinFuts

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:

LTCETH

This decision is probably gas on the fire:

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