One: Bitcoin has been stuck for a while in a sort of ‘deflationary spiral.’ This means that commercial adoption by companies like Microsoft and Time has kept Btc’s price DOWN: no one wants to sell at this price coin that they (a) paid more for, and (b) can clearly see will rise greatly in value.
The Mining Thing – whereby miners tend to sell now rather than later (to pay for electricity) – remains an aspect.
Two: ‘diffusion’: there is an amazing and long-awaited change underway. It used to be the case that, as Bitcoin’s price rose, the price of ‘altcoins’ – all other cryptographic currencies – rose even more (and vice versa).
During The Big Spike, in late 2013 (though you won’t find this stat in ANY articles beyond the crypto sphere . . . ) Bitcoin’s market-cap fell to about 75% of total crypto-cap.
Today though – with Bitcoin at a low low price – almost 20% of total crypto-cap is in altcoins.
IndiaMikeZulu expects this shift to be permanent. ...
www.marketoracle.co.uk/Article48728.html