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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