A very interesting day. Bitcoin price is growing and has re-passed the 17000$ level.
The two token connected with payment systems, Ripple and Cardano, are pumping really hard, touching new all-time high.
Liquidity is outflowing from other altcoin (simple stabilization after last days pump I belive) and entering in part into Bitcoin. Market dominance of bitcoin is having a small rise, and it is now over 55% after having touched 53% yesterday (+2%).
Pay attention because the price rally makes bitcoin more difficult to use (see for more info https://steemit.com/bitcoin/@marculisse/in-bitcoin-rally-making-bitcoin-unusable-the-problems-of-speculative-market). You can find a review of bitcoin network situation here https://steemit.com/bitcoin/@marculisse/bitcoin-network-update-7-december-bitcoin-average-fee-is-24-dollars-bitcoin-unusable-for-payments.
Overall market cap of all crypto is surging to a new all-time-hight at 524 billion $, a huge value.
Volumes too are getting enourmous, we are over 40 bilion$ and this is creating a lot of problems to exchanges. Not only for kraken.
We have to really pay attention to this crazy period.
Don't invest more than what you can afford to loose and remember that market can crash in every moment, there is nothing sure (see here, for example, some my ideas about a possible incoming market dip https://steemit.com/bitcoin/@marculisse/is-a-great-market-colapse-incoming-an-interesting-hypothesis).
Be careful.. And have a nice day guys!