Bitcoin in recovery mode as altcoins outperform

Currently, the bitcoin dominance ratio is down from a peak of 48% in July, when crypto prices stabilized after a correction earlier this year. Similar to February-March 2018, traders are returning to buy lower altcoins which have lagged behind a strong rally in bitcoin over the past month. For now, some analysts expect altcoins to take the lead, as cryptocurrencies typically produce positive returns in the fourth quarter.



Source Link

Please follow and like us: