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RE: Bitcoin Over $7500, Total Crypto Market Cap Over $200 Billions, And Only 11 Days Until November 16th
The run up to the fork was to be expected, but I think there is more underlying interest from the traditional investors. With the recent mention of futures trading for bitcoin and Amazon's recent purchase of additional cryptocurrency domain names, I think we will indeed see volatility after the fork. BTC continues to rise until it encounters another major 25% retracement near 10k IMO. :)
That's an interesting point, but without significant money coming from outside the ecosystem, it would be difficult. As I said, the decrease in value of the alts indicates, at least to me, that value is still moving from one basket to another. Nothing significant comes from outside the baskets.
Yet.
By the beginning of next year, once the futures are trading and ETF approval is finally won, BTC goes beyond the moon where it currently resides :)