Bitcoin Hits A New High

The price of Bitcoin (BTC) rallied and bursted through the $35,000 early Wednesday morning. That follows BTC’s recent all-time high which was followed by that sharp flash sale on Monday. BTC continues to builds on a more than 300% surge in 2020 making it one of the strongest assets to own.

As BTC rallies it seems that many alt coins have come alive. They are printing some amazing gains as traditional markets and mixed due to the uncertainty around the Georgia! run off election and the future of political situation in DC.

XLM Stellar is up 97% at the moment. I think this rally is driven by XRP’s misfortunes and the U.S. Office of the Comptroller of the Currency’s (OCC) recent guidance on stablecoins. XRP XRP's misfortunes has it sitting out the rally. It's pretty much been taken out back at this point with its delistings and all the FUD surrounding it. BAND Band is currently on the move. They had some news a while ago, but I think they are moving because of the over all market movement.

Looking at these alts it seems like money is flowing into coins and as gain are taken they flow into another to repeat the cycle. We have seen this in the past and that presented itself as pumps/dumps. These moves seem more stable at the moment maybe people are leaving some money to diversify as everything seems to be benefiting.

My question for this community is when do we take profits?

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