Daily Traders Edge

Bitcoin The Favorite In ‘Winner Takes All Market,’ Says Chief Market Analyst

September 14
10:15 2018

Cryptocurrency have finally shrugged off naysayer comparisons to the dotcom boom after markets lost more value than the crash of 2000.

As Bloomberg reported September 12 following another day of declines, especially concentrated in altcoin markets, the MVIS CryptoCompare Digital Assets 10 Index now reads 80 percent lower than at all-time highs around December last year.

This beats the Nasdaq Composite Index’s decline after the dotcom bubble burst by 2 percent.

“It’s a very likely a winner takes all market — Bitcoin currently most likely,” the publication quotes UK-based Markets.com chief market analyst Neil Wilson as saying.

Continue Reading At Bitcoinist

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