Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin from its all-time high at $64,849.27 does not seem to have scared novice trader. Data from Cryptorank.io shows that decentralized exchange volumes have picked up in the last week as traders may have exited profitable Bitcoin positions to buy altcoins at their current rock bottom prices.
Market capitalization: $2.01T (+6.17%)
The BTC dominance: 48.64% (-1.03%)
Fear & Greed Index: 27 (Fear)
Aggregated Volume — $73.12B
Aggregated Open Interest — $15.97B