Crypto Sell-Off ! Bitcoin Gainin Ground / STEEM Holding Better Than Most
Another day, another sell-off - this one being a bit more severe than the previous ones. The big question is where will this price action lead us to, many analysts suggest that we might see Bitcoin at 72xx$ range before we experience a bounce in the price and others suggest that new lows are ahead of us. To be honest to me It seems like the new lows scenario is more plausible.
Today we experienced a heavier than usual volume and in the process of the sell-off BTC managed to add another 1% to it's dominance - now sitting at 39%. The protocols (ETH/EOS/ADA/NEO) are getting smashed by at least 10% each.
STEEM
To be honest I was kind of surprised that STEEM is holding so well, usually it is one of the first crypto's to tumble and today it is only 2% down not to mention that yesterday it was in the green.
We are still below the MA's but so far things are looking good.
What's your opinion for the general crypto market ? Let us know in the comments :)
Really nice post. Will love to get more updates from you. 👍
Now cryptos are holding ground. We may see a quick oversold bounce soon bit i feel for next week or 2 we are still going to be in bearish territory. I want see some sideways trade before i make an entry.
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