For a client purchasing a potentially large order of gold and silver bullion, this is a huge premium to pay over your order value….
This move happened on lower volume, as yesterday’s volume was down 15.9% from the day before — and down 32.27% from the same day the week before.
On a relative basis, bitcoin cash was the worst performer out of all 5 of the assets in the top cryptos asset class during yesterday.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
My conclusion is that bitcoin markets are indeed reasonably efficient and price in s2f model, but also overestimate risk….
Out of the 5 instruments in the top cryptos asset class, ripple ended up ranking 3rd for the day in terms of price change relative to the previous day.
Out of the 5 instruments in the top cryptos asset class, litecoin ended up ranking 4th for the day in terms of price change relative to the previous day.
Eth is used to secure the network and pay for transactions.
Bitcoin cash outperformed all 5 assets in the top cryptos asset class since yesterday.
There will be winners and losers, but i wouldn’t want to have bitcoin end up being the netscape of your investment opportunity.”