This week an update of what going on.
What we see this week is the expected drop. Everyone was hoping the price goes up but the drop happened. Now we are around 4.000 US$
The ratio BTC / BCH is now 22. It is expected that this ratio will drop further. The battle, manipulation and forks with BCH will not do good to this market. It will disrupt the trust in crypto and once the speculators see whats happening, it will be dropped. The only crypto that will be adopted as a special asset class by the existing trading firms and investment firms will be Bitcoin.
If you look at Litecoin, the lighter version of Bitcoin, the ration 1:4 is not a ratio that should be taken for the price. This is wishful thinking. Current ratio is around 1:130
Litecoin will be interesting if Bitcoin is adopted or BTC goes back up considerably. The old ratio was 1:67
The number of transactions (volume) for BCH is dramatic, it is less that 1/10 of the Litecoin. Conclusion: BCH seems a dead horse.
Interesting to see tether is trading in huge quantities (1.88 times the total market cap). Is tether keeping to price down or stable at 4.000 USD for one BTC?
The TOP10 trading cryptos are: BTC, ETH, XRP, LTC, EOS, DASH, ETC, NEO, ZEC and QTUM.
USDT is not included because this is not a free crypto. It is pegged (what they say) to the USD.