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RE: There is Little Chance Bitcoins can Sustain any Real Recovery Until This Fundamental Metric Begins to Turn Upwards Again
yes your right, and with many exchanges starting to offer more pairs against the dollar, bittrex has 15 pairs right now against the usd, so that means btc should be going down in volume because of that alone...........so if btc is the locomotive ? what will happen to alts...
Agreed. It just might mean that Bitcoin dominance of the blockchain space may slowly begin to reduce. Who knows? We are just watching closely but the adoption rate is definitely down now and for the first time last year the number of new stores and businesses accepting it as a payment medium dropped.