ALT market cap (total crypto cap - BTC & ETH) HEad n Sholders...
Its a trappppp take profits and look for a nice re buy opp this week esp in ALTS
BTC Dominance spikes after alts dropped quickly and rebounded as people converted to WETH and ETH to get out of the market others who didnt want to take profits staked crypto in DeFi thus that dip and spike. sorry my kids wont leave me alone but all singles point to short term drop and i dont think a reversal but more a good week of red to stabilize and scalp/rebuy/add to positions
the other news or FUD factor is the USA esp is gearing up to truly and finally enforce their own version of stable coins and start to do defacto control the exit and on ramps to crypto. and where does that leave the current stable coins. either get in tune and do as we say give us the date the governments will say or kick rocks 3rd option jail cells so ya its conform or get out and thats that. this temporary fud could help breath more life into a short term down trend. frorthe record i dont see full takeover of new government stable coins overnight but as the news picks up and reaches a high this carries a greater risk of getting picked up as a fud narrative and helping further panic the market
BTC Dominance spikes after alts dropped quickly and rebounded as people converted to WETH and ETH to get out of the market others who didnt want to take profits staked crypto in DeFi thus that dip and spike. sorry my kids wont leave me alone but all singles point to short term drop and i dont think a reversal but more a good week of red to stabilize and scalp/rebuy/add to positions
the other news or FUD factor is the USA esp is gearing up to truly and finally enforce their own version of stable coins and start to do defacto control the exit and on ramps to crypto. and where does that leave the current stable coins. either get in tune and do as we say give us the date the governments will say or kick rocks 3rd option jail cells so ya its conform or get out and thats that. this temporary fud could help breath more life into a short term down trend. frorthe record i dont see full takeover of new government stable coins overnight but as the news picks up and reaches a high this carries a greater risk of getting picked up as a fud narrative and helping further panic the market
