Last week one of the biggest platforms for futures, TD Ameritrade, decided to launch bitcoin futures alongside CME group today to compete for contracts. This was big news and mainstream push for cryptocurrency. Bitcoin is buzzing and Wallstreet wants in. Last week we saw some amazing gains on alt coins following bitcoins Push to All time high. When it began getting closer to the weekend Many sold off altcoins to buy bitcoin approaching the eve of CME futures. With this action Bitcoin attempted to surpass $20,000 but that is another major psychological level. Once it tested $20k it quickly began correcting and over the past 24 hours we have seen Bitcoin dominance drop from around 57% to almost 50%, which is generally a very bullish sign for altcoins. Today we have seen QTUM SONM VEN and of course STEEM among the top of the charts today. At this very moment, there is only one coin other than tether thats down BTC value, go figure and its biiiiitttccooooonnnecttt. To say today was a great day if you were heavy in alts is an understatement, congrats everyone! I'll be taking profits soon and move to more btc as I expect another retest of $20K with a breakout to $22-$23K before correcting before end of the year. These are just my thoughts and opinions on the current cryptocurrency market and by no means investment advice.
#bitcoin #futures #cryptocurrency #altseason
