A great day for bitcoin, that sets up a new all-time-high very near to 20000$. On a daily basis, bitcoin has gained more than 10% and market dominance has risen of 1,1% from yesterday value of 55,5%.
So, a lot of liquidity is inflowing in the market and particullary on bitcoin.
In case you missed something, you can find here the last episode https://steemit.com/bitcoin/@marculisse/crypto-market-update-15-december-bitcoin-rally-continues-keep-an-eye-on-ltc-and-bitcoin-cash
Cardano continues to pump really hard, while altcoin are slowly growing.
You can find some opinions on Cardano's reddit forum here about this huge pump.
Overall market cap of all cryptos has touched a new all-time-hight of 580 billion $.
Market total traded volumes are 28 billion $ in last 24 hours, less than yesterday (33 billion $. We have lost 15% volumes).
Overall market cap of all altcoin has risen from 240 to 250 billion $, a good +4% daily increase.
Bitcoin cash and litecoin have had a very small price drop.
I am very optimistic about these two cryptos (I bought them in early september and then hold hold hold) because bitcoin network situation is going to worse with another difficulty retarget of about + 16-20% difficulty (more info here https://steemit.com/bitcoin/@marculisse/important-do-you-want-to-transfer-bitcoin-do-it-immediatley-retarget-incoming). This will probably create another huge slowdown in bitcoin network. Network will became even more unusable than now, so we will see another wave of investors and user flowing into Bitcoin cash and Litecoin, that are more effcient as payment instrument. I believe that we will see at least bitcoin cash over 2000$ and Litecoin over 400$.
On monday 18 Chicago Mercantile Exchange will start negotiations, it is possible that after a great start volumes will become vey low on future (too much volatility for operators, as seen in CBOe future) so I am not sure about what will happen.
So stay turned and, in any case, DO NOT INVEST MORE THAN WHAT YOU CAN AFFORD TO LOSE.
Have a nice day guys!
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