Markets Snippet: Bitcoin Asleep, STEEM Sideways, Total Marketcap Still Close To $600 Billion
After the dip experienced two days ago, following South Korea announcement about tighter regulations, Bitcoin is trading at $14,644 at the moment of writing, cautiously up. Bitcoin dominance lower, though, at 42.5% may indicate a moderate sentiment towards BTC.
Total crypto marketcap still close to $600 billion, precisely $578 billion, at the moment of writing.
If you look at the chart above, BTC is roughly where it was 3 weeks ago, December 8th.
STEEM is trading sideways, around 19k satoshis, or $2.84 at the moment of writing. After losing more than $2, SBD is also trading sideways, around $7.54.
For 1SBD you get 2.681 STEEM, according to the calculations at steem.supply.
All in all, a dormant and /or cautious market today.
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I bought steem at 19,400 sats yesterday, it is currently trading for 19,700 sats on poloniex.
I'm finally in the green from a BTC point for Ripple so pretty pumped about that!
What is the likelihood of bitcoin going into a bear market for a year or two? It seems that everyone is talking about bitcoin, which often indicates a market top.
Well, volatility is the joy of cryptocurrency. No one know specifically what will happen next, it is all about speculation.
May be the reason that people are booking the profits for new year celebrations.
yes, i agree with you dear friend, I have been sleeping market these days but i wait next year. thnx for share this information with us
Thank you so much @dragosroua!
Your quick service to analyse BTC and STEEM i enjoyed a lot. I am happy to know the facts you shared and made my day.
Another information you shared is of great importance for the new comers like me.
Please! keep updating us
Stay Blessed!
Lets hope 2018 will be a more better year for cryptos then already good 2017.
I can't seem to convert SBD to steem in the internal market. The transactions simply doesn't register, as if nothing happened. Any thoughts?
Later edit: It works now for some reason.
I do hope that Steem and SBDs go up eventually at some point. This sideways movement though is what I expected a few weeks ago.
hope the 2018 will be a good year for all of us..thanks for this info sir :)