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
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.