| The volatility which characterizes the current market conditions, as well as Bitcoin's relative stability in recent weeks can definitely be deceiving. Bitcoin is currently trading above $10,000 and rumors of institutional capital on the way are attracting the attention of many investors, especially in light of the news that Bakkt, the new Bitcoin futures trading platform of ICE, will be launched in September. However, there's no significant enthusiasm among the general public and past experience proves that only a sharp rise in price drives the masses forward. While Bitcoin's 'winter' is behind us, the alternative currencies holders can still feel the fierce cold and see how Bitcoin's dominance surging. Will the Altcoins recover? And if so, who will be the last survivors on the Altcoins island? Recently, we are seeing more and more exchanges that are delisting coins that don't meet regulatory requirements or whose trading volume is controlled by bots, market makers or is nonexistent at all. The altcoins situation is definitely not in its prime, but have they hit rock-bottom yet? |
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