Bitcoin dominance has surpassed the local high, suggesting that altcoins are losing their value when compared to Bitcoin. While altcoin/USD pairs remain stable, altcoin/BTC pairs are dropping. It's likely that Bitcoin season will come before altcoin season. #BTC
#BTC has seen a short term breakout from its lower time frame range showing signs of a potential upward for next few days.
The bears would need to push BTC price below $19,000 in the next 48-72 hours to continue short term downtrend
๐ The FOMC Meeting about Interest Rates will be on September 21.
Crypto Market Reactions
- 50 BPS : Pump
- 75 BPS : Small Pump then Dump
- 100 BPS : Dump
PSA: MtGox is *NOT* distributing any coins this week, or the next week, or the week after that.
Source: Iโm a MtGox creditor. The repayment system is not live yet.
Next step: Go and block @TheAltcoinHub for spreading this misinfo.
The terminal total difficulty has been set to 58750000000000000000000.
This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine.
https://t.co/3um744WkxZ predicts the merge will happen around Sep 15, though the exact date depends on hashrate.
#BTC Unless BTC sinks below $22500, there is a high chance that we will see BTC going to 28800. And if it manage to clear 28800, I see a probability of $35500 for this August