RATE Group | Bitcoin weighs down the flight of the Altcoins
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Bitcoin weighs down the flight of the Altcoins

14 Feb Bitcoin weighs down the flight of the Altcoins

Posted at 13:43h in Ethereum News by

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  • The cryptocurrency exchange industry presents interesting initiatives that may be key for the next trip to the moon.
  • Altcoins reach key resistance but fail after lack of reaction from Bitcoin.
  • Loss of momentum at wide ranges can cause significant intraday shifts.

The crypto board is painted red at the end of the week after yesterday’s attempt at a new bullish breakout move. The flow of capital that is pivoting towards the Altcoin, especially the Ether, is hampering the upward development of prices.

Today news highlights several initiatives to bring tokens that clone Bitcoin to the ERC20 or Ethereum network. An exciting move that will allow the flow between the two segments, Bitcoin vs Altcoins, to share network, speed and costs.

The Ethereum network is taking an increasingly important role and with it the interest in the native token, the Ether. An example of this is the data left by the futures market.

The volume of futures trading on Ether exceeds $4.5…

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