A Happy Sailor In A Sea Of Green
If you are holding any amount of crypto then today you are a happy person. As you can see, coinmarketcap is a sea of green today, quite a nice change from the red that we have become accustom to in the recent weeks.
Not too long ago I called that we may have been observing the bottom of the bear trend for btc. Generally whatever btc does, the market seems to do. If you disagree with that then I may argue that you must not have been around crypto for long. If bitcoin is going down, the general markets go down, and vice versa. What I find most interesting is that when we see a huge change in the price and we see a trend reversal we also see a news trend reversal to go with it with just feeds the beast whether he is a red beast or a green beast. Don't get me wrong, there are times where BTC is going down and some other coin might rise hard against it, but there are many factors that contribute to this.
Steem And SBD Are Still Standing Strong!
Steem/SBD are strong and climbing slowly! How long will the trend last? No one knows, but in my opinion the price action we are seeing in BTC is a GREAT sign. Obviously 10k is a huge mental barrier and we have past that recently. But its when we pass that barrier and we have confidence in the market. If news stays positive and the trend continues up, be ready! Steem and SBD have held very close to there BTC ratio and therefore they are rising in price as they hold proportionate value. This is a wonderful this for us, I hope this continues!
The Biggest Winner Of The Day - Litecoin
Litecoin is by far the biggest winner of the day. I looked at it earlier today at it was only $201 per coin, now it is up well over 10% of that. The current driving factor with litecoin price is a fork which the found of Litecoin, Charlie Lee, claims is a scam. It's very interesting to me that the founder claims that the fork on his technology is a scam, but in a decentralized tech these can happen.
Source For Litecoin Fork News - https://www.cnbc.com/2018/02/14/litecoin-jumps-30-percent-as-traders-bet-on-more-users-upcoming-split-into-litecoin-cash.html