quantguy
Long

Crypto Spread Indicator at Parity

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin has tested the $15K handle, but has pulled back slightly, as has the Altcoin Index as several major players like Ripple and Ethereum pause for air after pushing higher. The Crypto Spread Indicator is hovering near parity indicating that Bitcoin is neck and neck with Altcoins. The Spread Indicator has been tilted toward Altcoins for several days now, and this balance of power is likely to eventually shift back to BTC at some point.

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