As I wrote in my daily market snapshot post, here are a bit more details about the current crypto assets status.
The recent Bitcoin growth is different from the spikes we had for the last 4-5 months and more similar with what we experienced during the last bull run of the entire crypto market, in December 2017. What do I mean by that?
Well, the short spikes we experienced for the last 4-5 months were correlated: when Bitcoin grew, the alts grew as well. When Bitcoin went down, so did the alts. Which means whoever was trading was doing it more or less "atomically", seeing the market as a whole.
What we see now is that Bitcoin is growing very fast and money flows out from alts into Bitcoin. This happened during the last big bull run as well and it basically means that whoever is trading, knows / hopes / expects Bitcoin to keep growing and all the secondary portfolios (alts) are moved into that asset, to increase profits. So alts are going down. Once Bitcoin stabilizes after such a surge, Bitcoin is used to buy back alts, at a premium. So alts will go up again.
In a way, this decoupling between Bitcoin and alts tells me that "experienced" crypto traders are feeling the opportunity again and are starting to play the same game.
As always, this is just my own opinion and you should treat as speculation, not as trading advice. Always trade what you can afford to lose!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
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