Wait, everyone is losing their minds over Wall Street's Friday dip, but I'm looking at $BTC and seeing a totally different story. The panic feels completely blown out of proportion.
A report via CoinDesk earlier today showed how those big Friday fear spikes on Wall Street usually fade once Monday hits. Even with the total value of all coins down -4.15% since yesterday to $2.70T, things are surprisingly calm.
Bitcoin share of that value is holding at 60.2% right now. Plus, the sentiment gauge is still sitting at 53 in neutral. If traditional market fear was actually spilling over hard, we'd be seeing a much uglier drop.
Maybe I'm missing something, but weekend reactions usually lie. Are you guys hedging for a messy Monday opening, or do you think we just brush this off?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #BTC #Crypto
A report via CoinDesk earlier today showed how those big Friday fear spikes on Wall Street usually fade once Monday hits. Even with the total value of all coins down -4.15% since yesterday to $2.70T, things are surprisingly calm.
Bitcoin share of that value is holding at 60.2% right now. Plus, the sentiment gauge is still sitting at 53 in neutral. If traditional market fear was actually spilling over hard, we'd be seeing a much uglier drop.
Maybe I'm missing something, but weekend reactions usually lie. Are you guys hedging for a messy Monday opening, or do you think we just brush this off?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #BTC #Crypto