Bitcoin: The Return Of Volume

April 16, 2018

 

The jump in volume on April 12th, 2018 has been the singular highest jump in volume ever seen as the market cap went from ~ $270 Billion to ~ $300 Billion. It means around $30 Billion was added to the market in less than 3 hours. Bitcoin’s dominance remains over 40% and I suspect it will continue to rise as most money that just entered the market should be institutional. There are some strong contenders, like Ripple, due to the nature of the backers (mainly banks and financial institutions). Nevertheless, there are two ways of looking at this, in my own personal opinion:

Either the money that just entered the market stays with the King, or It’s distributed among preferential projects (top-10 I would bet on).

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