We've all been enjoying the recent Bitcoin rally, right? It's been an epic few weeks, particularly in the past week where we have seen Bitcoin kiss the $100k mark before pulling back, it didn't quite manage to smash through that all important threshold but fret not.
As I mentioned in my previous post a few days ago regarding Bitcoin performance, it may well be that Bitcoin now pulls back quite a bit before it makes another attempt at the $100k threshold but it's all part of the cycle. Currently Bitcoin is trading at just under $96,000.
Despite the Bitcoin boom the altcoins have started to climb but not in any capacity that might suggest an altcoin season is upon us. We are still waiting for that.
However, it was great to see Hive jump last night to $0.30, although it is now back down to around $0.26. What's interesting about Hive's latest vertical movement is that it was against the backdrop of a wider altcoin pump.
All of the altcoins yesterday started to climb and this is great to see, that's what all of us in the Hive and altcoin community want to see. It's good that some of the Bitcoin dominance is levelling out a little and we're seeing some money flowing into the alts. Let's hope that continues.
Take a look at Bitcoin sentiment on CoinMarketCap and things are still looking rosy.
With a 79% bullish reading that's plenty of encouragement for sure! Even if Bitcoin does now fall back to the $95k mark or less don't be too disappointed, as I say it's all part of a wider bullish movement.
Peace!