The BTC dominance in one chart - #Trading with $BTC imlpications
Here we can see that everytime the crypto market faces pumps and increases in value, the other cryptocurrencies, even if they are the most capitalised ones such as XRP or ETH, cannot keep the pace with Bitcoin.
Implications of it? Traders trading from BTC to other cryptocurrency can increase their BTC holdings during bearish and ranging markets. However, when markets are trending up it will be better to trade BTC against a fiat currency.
Conclusion --> Get ready exchanges that have low fees for cryptocurrency vs cryptocurrency and exchanges to trade fiat vs cryptocurrency
The Copilot
Implications of it? Traders trading from BTC to other cryptocurrency can increase their BTC holdings during bearish and ranging markets. However, when markets are trending up it will be better to trade BTC against a fiat currency.
Conclusion --> Get ready exchanges that have low fees for cryptocurrency vs cryptocurrency and exchanges to trade fiat vs cryptocurrency
The Copilot
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.