Altcoins Are Trending

As we've been discussing these last few weeks, the current conditions in the crypto market can be described in a single word: Altseason.

The latest confirmation of this comes from data collected by Google, which shows that the topic 'altcoins' is now trending.

Altcoins are defined as any cryptoasset that is not bitcoin, so google's data includes such search terms as Litecoin, Ethereum, and XRP within the broader topic.

Don't get me wrong, Bitcoin is by far still the dominant player in the crypto industry. In fact, if you use the same google trends tool to compare bitcoin with the alts, altcoins is just a flat line. Bitcoin also leads by market share, currently with 51% of the total market cap. 

The results of a recent Twitter poll also showed that 90% of participants believe that investors should hold some level of BTC in their portfolio, with a whopping 42% saying that this level should be around 70%.

Still, the idea that your investment can double or triple in value in a short period of time is very tempting for alternative investors, even if the degree of risk is notably higher.

Traditional Markets

The UK government voted yesterday in overwhelming opposition of a 'no-deal Brexit'. It's important to note that this vote is not legally binding though and should there be no deal or no time extension, it is exactly what will happen.

Today Parliament will vote on whether to ask the EU for a time extension. Just as I'm writing it seems that Europe may be glad to oblige. This tweet out just now from the President of the European Council is circulating fast.

Tilray Shorts Too Much

Cannabis stocks have been popular with investors since the wave of legalization starting sweeping over the United States...

It seems however that another trend is sweeping in the US stock markets... shorting cannabis stocks. According to this report out from Bloomberg's BNN, there aren't enough Tilray stocks available in the client's long term holdings for investors to short.

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Please note: All data, figures & graphs are valid as of March 14th. All trading carries risk. Only risk capital you can afford to lose.

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