{"id":381498,"date":"2019-05-09T20:00:48","date_gmt":"2019-05-09T20:00:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=381498"},"modified":"2019-05-09T15:35:54","modified_gmt":"2019-05-09T15:35:54","slug":"bitcoin-rally-investors-crypto-assets","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-rally-investors-crypto-assets\/","title":{"rendered":"Bitcoin Rally Sustains While Investors in Other Crypto Assets Continue To Suffer"},"content":{"rendered":"

Last night, Bitcoin broke back above $6,000<\/a> across the crypto market, and to many, it\u2019s a signal that the bottom is \u201cin\u201d and the bear market is now a lingering memory.<\/p>\n

While the leading cryptocurrency by market cap has nearly doubled since its 2018 low<\/a>, the rest of the crypto market continues to bleed out, with most altcoins setting new lows<\/a> in their ratios relative to BTC. With Bitcoin at an inflection point, and much of the market in disbelief, analysts are torn as to whether altcoins like Ethereum<\/a> and Ripple<\/a> will continue to plummet, or are an attractive buy at this level.<\/p>\n

Crypto Investors Focused on Altcoins Continue to Be Swatted By Bears<\/h2>\n
https:\/\/twitter.com\/josh_rager\/status\/65989632?s=12<\/p>\n
In a recent Twitter poll<\/a>, it was revealed that the average large majority of crypto investors are diversified across two to nine coins, which may or may not include Bitcoin. Only 16 percent of crypto investors responding to the poll claimed to be holding only Bitcoin, suggesting that only a small subset of crypto investors have experienced relief during the current Bitcoin rally<\/a>.<\/p>\n
Related Reading | Bullish: Crypto Community In Shock Over Recent Bitcoin Price Resilience<\/a><\/strong><\/em><\/p>\n
While Bitcoin has nearly doubled in value since its 2018 low, altcoins have continued to suffer relative to their price in BTC. Much of the altcoin market is paired with BTC on exchanges, causing Bitcoin to have a powerful impact on the price of these other crypto assets.<\/p>\n
\n
Big Picture #Bitcoin<\/a> surged to a new 2019 High while ALTs continued their bleeding<\/p>\n
New 2019 low for $BTC<\/a> paired frontline ALTs $XRP<\/a> $ADA<\/a> $XLM<\/a> $TRX<\/a> $XMR<\/a> $DASH<\/a> $IOTA<\/a> $ETC<\/a> $NEO<\/a> $ZEC<\/a> $ZRX<\/a> $ICX<\/a> $ZIL<\/a>$BTC<\/a> dominance at almost 18 month high now<\/p>\n
ALTs are melting down across the board pic.twitter.com\/L5y4FJZ6Ad<\/a><\/p>\n
— Trading Room (@tradingroomapp) May 9, 2019<\/a><\/p><\/blockquote>\n