Bitcoin is approaching $62 000, Alta is behind - Bits Media

In the afternoon 13 Marta Bitcoin struck the next "round" level on $60 000, and by the evening I got higher $61 000. However, most altcoins are noticeably lagging behind in growth.

In the absence of negative fundamental factors and after the president of the USA, the package is approved economic incentives on $1.9 TRLN Cryptocurrency Market continues to grow led by bitcoin. Moreover, all leading altcoins, although they demonstrate growth, still have not even reached the maximums of February, when bitcoin was traded much lower $60 000.

Unlike speculative growth 2017 of the year, When Bitcoin was "dispersed" on the expectations of launching cryptocurrency futures on US commodity exchanges, Now the adoption of bitcoin by large investors has increased significantly. Only Tesla and Microstrategy have bitcons more than $7 billions. And taking into account other corporate holders and funds, such as GBTC, Institutional investors own bitcoins for tens of billions of dollars during the current capitalization of BTC $1.15 trillion. This is just a few percent, But do not forget, What from 18.65 Mill of already released bitcoins according to various estimates, 3-4 million BTCs are irrevocably lost. Recall about that, that 85% of companies intend to start or continue to invest in bitcoin in the next two years.

The mass acceptance of bitcoin and cryptocurrencies in general is growing, More and more people invest free money in cryptocurrencies or try to earn on speculation. But large holders continue to concentrate BTC, withdrawing them from circulation. Even attempts are made to bring decentralized cryptocurrencies to the state level and introduce bitcoin into the reserves of the Central Bank, although they can hardly be taken seriously in the coming years. for instance, The President of the ECB made it clear, that the European regulator is not going to consider bitcoin as a reserve currency.

In the camp of "potential killers" and just competitors of Bitcoin today, not everything is so rosy. Ethereum over the past day has grown almost on 12%, but still far from re -overcome the level $2000, which he briefly struck in February. Binance Coin slowed down on $280, although 19 February he managed to reach almost to $350. Litecoin, also jumping in February to $350, Now stomping around $230. Polkadot 20 February showing $42, Located on $38. About the same gap with previous maximums retain BCH, TRX, ATOM, LINK, XTZ and many other altcoins.

However, When studying the schedules of the leading cryptocurrencies, it is easy to see, that Alseson always comes with a delay after the next jump in Bitcoin. Often the peaks of "grandfather" and the main altcoins are visible with a difference of several days, Sometimes the gap reaches 2-3 weeks. This is explained quite simply: Liquidity in the flagship of the market is always higher, Therefore, it is easier to fix large profit in BTC, than in other cryptocurrencies. On the growth of bitcoin, a lot of traders "jumps onto the train", Taking money from other assets, Including altcoins. And after the “dispersal” of Bitcoin, large speculators pay attention to other coins, Raising the price of which is much easier.