No more news today, BTC is still moving sideways with a shrinking volume.

Yesterday, the selling of 1000 coins in Bitstamp caused a little dive. At the same time, as much as 20000 coins were traded in huobi.com! I estimate the bucketing volume in huobi.com is nearly ten times the real trading volume.

Altcoins are still moving down. Apart from Auroracoin, there are only 5 altcions that has a market captitalization over 10 millon USD.

BTC’s market capitalization is 8.2 billon USD, LTC 430 million USD, all the other altcoins combined together only 280 million USD. For this proportion, we can call it “Altcoin Index”, Altcoin Index=adjusted Altcoin market capitalization/BTC market capitalization *100. Today, Altcoin Index is 8.8, down more than 30% in the last month.