Bitcoin Picking Up Steam After BCH Frenzy Wavers

Bitcoin has regained some footing after rejecting the $5000 handle. This weekend the Crypto Spread indicator measured tremendous outflows to the Altcoins, specifically Bitcoin cash . BCH managed to dethrone Ethereum momentarily as the number 2 cryptocurrency by volume , but this was short lived. Currently, the pendulum seems to be swinging back to BTC , as it reasserts its presence as the top cryptocurrency. This is confirmed with the altcoin index, which seems to be retracing.

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