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Black congressional leader arrested in US voting rights rally

Chair of the Congressional Black Caucus Joyce Beatty was leading the protest inside the US Senate building.

A voting rights demonstration by Black women leaders at the United States Capitol has ended with the arrest of the chair of the Congressional Black Caucus.

Representative Joyce Beatty was accompanied by dozens of demonstrators who marched to the US Senate on Thursday to demand the passage of federal voting-rights legislation.

The small rally came amid a raft of state-level voting laws that civil rights groups say disproportionately restrict people of colour and other groups by limiting voting hours, requiring photo identification to cast a ballot, restricting mail-in voting and allowing for partisan poll watchers.

Police responded when the group gathered in the atrium of the Senate building and began making arrests after some demonstrators, including Beatty, refused to vacate.

“Let the people vote,” Beatty wrote on Twitter after her release, along with a picture of a Capitol police officer putting her plastic handcuffs. “Fight for justice.”

“We have come too far and fought too hard to see everything systematically dismantled and restricted by those who wish to silence us,” Beatty tweeted in a subsequent post.

She included the hashtag #GoodTrouble, a reference to former Congressman and civil rights icon John Lewis, whose activism led to the Voting Rights Act of 1965, which sought to combat discriminatory practices in voting. Subsequent Supreme Court rulings have rolled back the scope of the legislation.

Meanwhile, pressure has grown for the Senate to pass the For the People Act, federal legislation that seeks to expand voting access and ban partisan gerrymandering. The House, where US President Joe Biden’s Democratic Party holds a tenuous majority, passed the bill in March, but Republicans have used the legislative hurdle known as a filibuster to block its passage in the Senate.

On Tuesday, Biden called the state-level voting laws “a new wave of voter suppression and raw and sustained election subversion”.

Biden also called on Congress to pass the John Lewis Voting Rights Advancement Act, which would strengthen the Voting Rights Act of 1965.

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This post originally posted here Al Jazeera – Breaking News, World News and Video from Al Jazeera

Thousands rally in Georgia after death of TV cameraman

Alexander Lashkarava was one of dozens of journalists beaten up while covering attacks on LGBTQ activists last week.

Thousands of people have taken to the streets of Georgia’s capital after a cameraman, one of dozens of journalists beaten during attacks on LGBTQ activists in Tbilisi this week, died.

LGBTQ campaigners in the South Caucasus country of Georgia called off a pride march on Monday after violent groups opposed to the event stormed and ransacked their office in Tbilisi and targeted activists and journalists.

Cameraman Alexander Lashkarava, 36, who was beaten up in the incident, was found dead at his home by his mother, TV Pirveli, the channel he worked for, said on Sunday. It did not disclose the cause of death.

Thousands of protesters gathered outside the parliament and the office of ruling party Georgian Dream on Sunday to call for the prime minister and interior minister to resign over the violence and Lashkarava’s death.

Lashkarava is seen after being beaten last week [TV Pirveli/Handout via Reuters]

Elene Khoshtaria, an opposition politician, splashed red paint on the door of a government building in protest.

Lashkarava’s death has outraged human rights activists in Georgia, who blame the authorities for emboldening hate groups and failing to keep journalists and LGBTQ supporters out of harm’s way.

The interior ministry said it was investigating Lashkarava’s death, but did not say what caused it.

Members of media attend a rally in memory of Lashkarava [Irakli Gedenidze/Reuters]

The ministry said later that Lashkarava’s “professional activities were illegally obstructed by threats of violence” during the attacks on LGBTQ supporters.

Georgian President Salome Zourabichvili wrote on Twitter on Sunday that she had visited Lashkarava’s family.

“What happened is a tragedy and I send my condolences to the entire media community and to all of Georgia,” she wrote. “It must be investigated and those responsible must be punished.”

More than 50 journalists were targeted in the violence, police said on Monday, prompting Western countries to call on Georgia to ensure freedom of expression and assembly.

The planned pride march, which was called off before it began, had prompted criticism from the church and conservatives, while Prime Minister Irakli Garibashvili said the march risked causing public confrontation.

More than 50 journalists were targeted in last week’s violence [Irakli Gedenidze/Reuters]

Trump Holds Rally in Florida, Across State From Building Disaster

Aides to Gov. Ron DeSantis questioned Trump associates about whether the event on Saturday night in Sarasota should proceed given the scope of the tragedy in Surfside.

Former President Donald J. Trump held a Fourth of July-themed rally on Saturday night in Sarasota, Fla., across the state from where a tragedy has been unfolding for more than a week as firefighters, search dogs and emergency crews search for survivors in the collapse of a residential building just north of Miami Beach.

After a brief moment of silence for the victims and families of the tragedy as he took the stage, Mr. Trump quickly launched into a castigation of cancel culture and of the Biden administration’s immigration policies.

The political rally in the midst of a disaster that has horrified the nation became a topic of discussion among aides to the former president and Gov. Ron DeSantis of Florida, a Trump ally whose growing popularity with the former president’s supporters is becoming an increasing source of tension for both men, according to people familiar with their thinking.

After officials from the governor’s office surveyed the scene of the condominium collapse in Surfside, Fla., Adrian Lukis, chief of staff to the governor, called Michael Glassner, a longtime Trump aide who is overseeing the Florida event, according to people familiar with the discussion. In a brief conversation, Mr. Lukis inquired whether the former president planned to continue with the event given the scale of the tragedy, two people said.

He was told there were no plans to reschedule.

A spokeswoman for Mr. Trump, Liz Harrington, said that the rally in Sarasota was “three-and-a-half hours away, approximately the same distance from Boston to New York, and will not impact any of the recovery efforts.”

She added that the former president “has instructed his team to collect relief aid for Surfside families both online and on-site at the Sarasota rally.”

Mr. DeSantis, who met on Thursday with President Biden when the president visited the site of the disaster, originally wanted to attend the rally but no longer plans to do so, aides said. “He spoke with President Trump, who agreed that it was the right decision, because the governor’s duty is to be in Surfside,” his press secretary, Christina Pushaw, said, adding, “Governor DeSantis would have gone to the rally in normal circumstances.’’

In an interview with Newsmax ahead of the rally, Mr. Trump said he told Mr. DeSantis not to come. “I said you should stay there; this is not that important for you,” he said.

The governor, an early supporter of Mr. Trump, has been eager to play down any perceived tension with the former president, who endorsed his campaign for governor in 2018 and could cause him a political headache if he turned against him.

“Governor DeSantis is focusing on his duties as governor and the tragedy in Surfside, and has never suggested or requested that events planned in different parts of Florida — from the Stanley Cup finals to President Trump’s rally — should be canceled,” Ms. Pushaw said after the Washington Examiner reported that Mr. DeSantis had pointedly asked Mr. Trump to delay his rally.

Gov. Ron DeSantis had originally planned to attend Mr. Trump’s rally in Florida but no longer plans to do so.
Scott McIntyre for The New York Times

The recent conversation between Mr. Lukis and Mr. Glassner was not the first time Mr. DeSantis’s staff had expressed reservations about the timing of Mr. Trump’s event. Before the condominium collapse, Mr. DeSantis’s office had suggested to the Trump team that the fall was better timing for a rally, given the perils of hurricane season in Florida, two people familiar with the conversation said.

Mr. Trump ignored the suggestion. Shut out of Facebook and Twitter, Mr. Trump has been eager for an outlet to have his voice heard and has been chomping at the bit to return to the rally stage, aides said.

Mr. DeSantis is seen as a top-tier Republican presidential candidate for 2024, and may end up in a political collision with the former president, who himself has hinted that he is considering a third try for the White House.

People close to Mr. Trump said he had become mildly suspicious of a supposed ally. He has grilled multiple advisers and friends, asking “what’s Ron doing,” after hearing rumors at Mar-a-Lago that Mr. DeSantis had been courting donors for a potential presidential run of his own. He has asked aides their opinion of a Western Conservative Summit presidential straw poll for 2024 Republican presidential candidates, an unscientific online poll that showed Mr. DeSantis beating Mr. Trump.

And in a comment intended to prove his dominance over both Mr. DeSantis and former Vice President Mike Pence, he has floated Mr. DeSantis as a potential No. 2 on his ticket should he run again.

Author: Annie Karni
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Trump rails against ‘prosecutorial misconduct’ during Florida rally

Former President Donald Trump speaks at a rally at the Sarasota Fairgrounds in Florida.

Former President Donald Trump speaks at a rally at the Sarasota Fairgrounds in Florida. | Jason Behnken/AP Photo

SARASOTA, Fla. — Donald Trump took his revenge tour to his new home-state of Florida Saturday night but had a fresh target: the indictments against the Trump Organization.

Trump held his rally — the second since he left office — as the state and nation continue to mourn a South Florida condo collapse that left at least 20 dead and more than 100 still unaccounted for. It also comes two days after prosecutors unsealed indictments alleging Trump Organization and its chief financial officer did not pay $ 1.7 million in taxes tied to company fringe benefits.

Trump tore into the indictments in front of thousands of cheering fans at a fairgrounds in Sarasota, casting the allegations as a politically-motivated prosecution against him, his family and business.

“You didn’t pay taxes on the car, or company apartment…or education for your grandchildren,” Trump said of the allegations facing the Trump Organization and its longtime CFO Allen Weisselberg. “They indict people for that, but murder and selling massive amount of the worst drugs in the world that kill people left and right, and that’s alright?”

Those in attendance, who spent much of the night getting soaked by heavy rains, brushed off the charges against the Trump Organization.

“It’s all fake news, you know that,” said Duane Schwingle, a Chiefland, Fla., resident who was at the rally dressed as Uncle Sam costume. “Trump is our president, and none of that is legitimate. It’s a witch hunt.”

For days, the nation has been focused on rescue effort at the building disaster in Surfside, Fla., which was acknowledged by a brief moment of silence hours before Trump took the stage. That tragedy kept one of Trump’s top allies in the state — Florida Gov. Ron DeSantis — from the Saturday night rally as he focused on the ongoing crisis in Miami. DeSantis, who is becoming increasingly popular with the conservative base across the country, is eyeing a 2024 bid for the White House. That could put him on a collision course with the former president, who has openly signaled he’s considering another run for president.

DeSantis has a reputation as one of the nation’s most pro-Trump governors, and has made huge inroads with Trump’s political base as he builds his profile and fundraises across the country. Yet Trump’s rally offers a striking contrast between the two men: DeSantis sat out the political rally amid the Surfside crisis while Trump went ahead with his event.

Trump spoke for more than 90 minutes to a packed house at the fairgrounds in Sarasota, a reliably Republican area of the state that is Trump’s political home turf. During the rally, Trump gave a shout-out to Joe Gruters, a Florida state senator and Republican Party of Florida Chairman who, as local party chairman here, picked Trump as the ‘Statesman of the Year’ long before he ran for president. Others who spoke before Trump included Rep. Matt Gaetz (R-Fla.), who is under federal investigation in an ongoing sex-crimes investigation, and the former president’s son, Donald Trump, Jr.

Trump spent about 10 minutes railing against the New York prosecution against his company, simultaneously downplaying the severity of the charges and painting it as part of an ongoing witch hunt.

“I’ve been targeted since I came down the elevator,” he told the crowd. He later added: “It’s really called prosecutorial misconduct. It’s a terrible, terrible thing.”

Florida is a friendly state for the former president, and Trump declared himself a resident of the state in 2019. He won Florida by more than three-points in 2020 and many of his biggest supporters call Florida home. And he thanked the crowd who attended his Saturday night event, one of several rallies that he’s billed as a way for the president to seek revenge on the congressional Republicans who voted for his second impeachment

“Together we will take back the House, we will take back the Senate, and we will take back America,” Trump said.

Trump focused much of his speech on a slate of conservative issues that energized his political base, replaying for the raucous audience the greatest hits they have not heard since he left the White House in January, including securing the border, praising his handling of the coronavirus pandemic and attacking “socialist” Democrats.

“The radical left is bringing a nightmare of mayhem and lawlessness to every state and community in this country,” Trump said.

Though Trump lost to President Joe Biden by more than 7 million votes, he has continued to spread baseless claims about the 2020 election being stolen, including recently promoting an election audit in Arizona’s most populous county.

Some in the party are concerned about the long term impact of partisan election audits, but the positioning has energized Trump’s most ardent supporters and convinced some of them that the former president could be reinstated.

One man who attended the rally dressed in a suit and tie similar to Trump’s said he thinks the audit in Arizona will reveal that Democrats “cheated.”

“They all cheated,” said the man, who only identified himself as “Donald J. Trump.” “They are fake news, they put these fake ballots out…they have dead people voting.”

While he spoke, the people around him all cheered.

Author: Matt Dixon
Read more here >>> Politics, Policy, Political News Top Stories

Trump comeback begins! Ex-POTUS to hold ‘major’ MAGA rally with 'HUGE' fireworks

The former US President will headline an event at Sarasota Fairgrounds in Florida on July 3. In recent interviews, Mr Trump has continued to deny he lost the 2020 election to Joe Biden and has hinted at a 2024 run for President.

Mr Trump’s appearance at 45 Fest takes place a day before Independence Day.

In a statement, a Trump spokesperson said: “President Donald J. Trump…will hold a major rally in Sarasota.

“This Save America rally is co-sponsored by the Republican Party of Florida and marks President Trump’s further support of the MAGA agenda and accomplishments of his administration.”

The statement added the event will feature a “HUGE fireworks show to celebrate America following President Trump’s remarks to conclude a full day event commemorating our Great Country”.

READ MORE: Donald Trump mocked for latest bizarre attack on windmills

On Saturday, the former President will attend a rally in Wellington, Ohio.

Speaking to his followers on messaging platform Telegram, Mr Trump said: “Big crowds in the Great State of Ohio this weekend for the Trump rally.

“See you on Saturday night. MAKE AMERICA GREAT AGAIN, AGAIN!”

He is expected to urge voters to rally around Max Miller’s bid to unseat fellow Republican Rep. Anthony Gonzalez in the primary election.

Mr. Gonzalez was among the 10 House Republicans that voted to impeach Mr Trump for allegedly inciting the January 6 US Capitol riots.


It comes after Mr Trump has teased another run for President in 2024.

He told The Dan Bongino Show “we’re going to make you very happy” when asked whether he is considering rerunning.

The former President also told the Christian Broadcasting Network he has not conceded the 2020 election to Mr Biden and the Democrats.

After results indicated Mr Biden would win, Mr Trump falsely claimed the election was “rigged” against him.

He said on Tuesday: “No, I never admitted defeat.

“No, I never, The word is ‘concede’ and I have not conceded.”

This post originally appeared on Daily Express :: World Feed

For The People: Beto O'Rourke, crowds to rally at Texas Capitol in support of voting rights

AUSTIN (KXAN) — The Texas State Capitol will be the backdrop of a Sunday evening rally where crowds will gather to support the federal voting rights “For the People Act,” which goes before the U.S. Senate this week.

The For The People Rally will begin at 5:30 p.m. Sunday on the south steps of the Texas Capitol. The El Paso-based voter outreach group Powered by People, founded by former Texas Rep. Beto O’Rourke, will host — they’re even shuttling in Texans from Dallas, Houston, San Antonio and Waco.

In Texas, and nationwide, Republican-led elections bills have arrived on governor’s desks and even into law. Earlier this month, Governor Greg Abbott promised to call a special session to focus on “election integrity” after the polarizing Senate Bill 7 was effectively axed by Texas Democrats via a late-night walkout.

SB 7 would have, according to Republicans, protected elections. But others, namely Democrats, say these laws are aimed at stopping legal voters from casting ballots. The controversial bill would have limited early voting hours, banned drive-thru and mail-in ballot drop boxes and require mail-in ballot applicants to provide ID numbers.

Even more notable, SB 7 would have essentially ended “Souls to the Polls,” a Black community tradition of voting en masse after Sunday morning church services. This element, among others, is chief among claims that GOP election bills are attempts to restrict Black and brown votes.

Nationwide, at least 253 bills that would restrict voting access have been introduced in at least 43 states — prompting the Democrat-controlled U.S. House to pass the “For the People Act” voting protections bill. Now it heads to the Senate, where it’ll face tougher odds.

The “For the People Act” aims to circumvent and block current and future strict voting restrictions passed on the state level. The gargantuan 800-page legislation package would overhaul and make several historic changes, including granting automatic voter registration nationwide, requiring at least 15 consecutive days of online voting and greenlighting independent commissions to draw district lines.

Those are only a few of its items.

In a Sunday morning interview with CNBC, O’Rourke stressed the importance of turning up the heat on Washington Democrats to act now.

“I hope that we can give President Biden and Senate Democrats some encouragement to get the job done on the ‘For the People Act,’” O’Rourke said. “Much as Lyndon Baines Johnson, in 1965, needed to be able to pass the voting rights act of that year, to create a true multi-racial democracy in America, and did so in large part because he was pressured to do so because of civil rights and voting rights leaders across the country.”

O’Rourke and Powered by People have toured the state over the past few weeks and will complete the cycle on Sunday. In recent months, the former presidential candidate has teased a run for office, but there’s no official announcement yet.

Other Texas lawmakers who’ll speak at the event include former U.S. Sec. of Housing and Urban Development and presidential candidate Julián Castro, Sen. Royce West (D-Dallas), Texas Democratic Party Chairman Gilberto Hinojosa and Rep. Lloyd Doggett (D-Austin).

KXAN will attend the For the People Rally and will update this story with more information, photos and videos as they’re available.

Author: Russell Falcon
This post originally appeared on KXAN Austin

Families hold rally calling for justice for men shot dead in Austin

AUSTIN (KXAN) — The families and friends of two men shot dead in Austin in the last year held a rally Saturday to call for justice.

They gathered at the memorial site for Alex Gonzales in southeast Austin as investigations continue into the deaths of Gonzales and Garrett Foster.

Gonzales died in January after being shot by Luis Serrato, an Austin Police Department officer.

Travis County District Attorney José Garza previously said he expects an investigation into Serrato and his colleague Gabriel Gutierrez to be completed this year.

  • (KXAN Photo/Kaitlyn Karmout)
  • (KXAN Photo/Kaitlyn Karmout)
  • (KXAN Photo/Kaitlyn Karmout)
  • (KXAN Photo/Kaitlyn Karmout)

Foster was killed last July by Daniel Perry, an active duty sergeant with the U.S. Army, at a Black Lives Matter protest in downtown Austin where Foster was protesting.

A grand jury will convene this year to consider whether Perry should face criminal charges over the shooting, Garza said.

Police at the time said a car turned into a group of protesters in the roadway near 4th Street and Congress Avenue, and the driver told them he was approached by a man, later identified as Foster, who was carrying a gun.

A few days after the Foster shooting, an attorney representing the man who said he shot and killed Foster told KXAN it happened “in self defense.” The attorney identified his client as Daniel Perry, adding he’s from north Texas and has served a tour in Afghanistan.

26-page presentation from Perry’s attorney

KXAN received a 26-page presentation from Perry’s attorney Saturday detailing why he believes Perry was acting out of self defense.

The attorney claimed Foster raised his rifle toward Perry’s car before the fatal shots and said protestors were beating on Perry’s car when he tried driving through.

The presentation also disputed claims that Perry was purposely driving through the crowd to injure protestors.

“It was not immediately apparent to Sgt. Perry what group was demonstrating and, prior to turning down Congress Avenue, Sgt. Perry had been unaware that a demonstration was taking place,” wrote Perry’s attorney.

The presentation also said Perry had met a woman while he was driving for Uber earlier that day, and through texts, it shows Perry was making plans to meet up with her that evening.

“I simply ask that anybody who might want to engage in a hindsight review of this incident, picture themselves trapped in a car as a masked stranger raises an AK-47 in their direction and reflect upon what they might have done when faced with the split-second faced by Sgt. Perry that evening,” wrote Perry’s attorney.

The presentation has been sent to the district attorney’s office for review.

Supporters of the two men held a rally and press conference at the site of Gonzales’ memorial on Wickersham Lane where they demanded justice.

“It’s a struggle for us every day still, for me it is, and I can say that for all of us too, this struggle is hard. Not seeing him every day, not talking to him, not laughing with him…” Gonzales’ mother, Elizabeth, said at the rally Saturday.

Author: Harley Tamplin
This post originally appeared on KXAN Austin

Bitcoin dominance cycle suggests the 2017 crypto rally could repeat

For the purposes of historical comparison, it’s also worth noting that the pattern of the dominance chart currently looks much like it did during the earlier part of 2017.

As the markets have gone into meltdown since May 12, Bitcoin (BTC) dominance has fluctuated dramatically, bucking 2021’s prevailing trend. Before the sell-off started in earnest, BTC dominance had been falling pretty steadily from around 70% in January to a low of under 40% by the time the crash was underway. At that point, BTC dominance was at its lowest since the summer of 2018. It has since recovered to above 43%.

If the same pattern is underway this time around, then the market is likely to be at the equivalent of summer 2017 when the alt season was just ramping up, and still some months away from Bitcoin’s price peak of around $ 20,000 in December 2017.

Of course, while the patterns draw some interesting parallels, BTC dominance doesn’t necessarily tell that much about price. But it does offer insights into how the flagship asset is performing in relation to the rest of the markets, underpinning certain trends. So, what are the likely scenarios for BTC dominance, and what would it mean for the markets?

Follow the money flow

The money flow model is one potential predictor of where the markets could go. The model states that money flows from fiat into Bitcoin, and then down from large caps, through mid-caps to small-cap altcoins before redirecting back to BTC and, ultimately, back to fiat.

This model is interesting because it pretty much sums up what happened in 2017, except that the cycle played out twice as BTC surged toward the end of the year. So, if the 2017 scenario repeats itself, BTC dominance could continue to rise until the flagship asset sees another price peak, then fall as alt season accelerates once again.

Along with the eerie similarities of the dominance charts, the behavior of the alt markets also offers some indication that they could be performing according to historical cycles. In early May, Cointelegraph reported that altcoins had flipped their previous cycle high to support — a move that last happened in 2017.

If the cycle repeats, it could still launch the alt markets to stratospheric new heights in 2021. While the performance observed during May may not offer much reassurance in this regard, there’s also nothing yet to indicate that BTC and the broader markets won’t perform according to long-term trends. Sam Bankman-Fried, CEO of exchange FTX and Alameda Research, told Cointelegraph:

“If we enter a prolonged bear market, I would expect BTC dominance to rise, as it did in 2018–2019; but the correction we’ve seen so far isn’t enough to trigger that.”

But wait…

For individual investors looking to follow the money flow, there is one big consideration. Speaking to Cointelegraph, Robert W. Wood, managing partner at Wood LLP, warned: “The elephant in the room for diversification is taxes.” He added: “Up until 2018, many investors could claim that a swap of one crypto for another was nontaxable under section 1031 of the tax code. But the law was changed at the end of 2017.”

Indeed, Omri Marian, director of the Graduate Tax Program at University of California, Irvine School of Law, confirmed that crypto-to-crypto transactions are likely to trigger tax obligations, explaining to Cointelegraph:

“Any reading of one crypto asset for another is a taxable event. So whatever the profit motivation is, a cryptoassets investor must account for the fact that rebalancing of the portfolio may have a tax cost.”

Shane Brunette, CEO of CryptoTaxCalculator, put it into practical terms, telling Cointelegraph: “If an investor switches between BTC and altcoins, the capital gain/loss would be realized in this financial year, regardless of whether or not they’ve ‘cashed out’ to fiat.” Furthermore, he clarified that “The activity would reset the length of time the investor has been holding the asset which would impact the eligibility to claim a long-term capital gains discount.”

So, be mindful that following the money flow may come with its own set of costs, and as a result, there are no guarantees that the pattern may repeat, as new variables may have an effect.

The unknown quantity

The most critical difference between 2017 and now is the presence of institutions in the markets. At least, that’s true for Bitcoin and, to some extent, large-cap altcoins such as Ether (ETH). Large swathes of the alt markets, including almost all low-cap coins and memecoins like Dogecoin (DOGE), are dominated by retail traders and investors.

Examining the dominance charts, BTC seemed to get a boost at the end of 2020 as institutional interest in cryptocurrencies started to pique. Its dominance continued to rise until around January.

But there’s some evidence that institutions could be behind the recent boost to BTC dominance. On May 21, it emerged that whales had bought $ 5.5 billion worth of BTC while prices were below $ 36,000; two days later, crypto hedge funds MVPQ Capital, ByteTree Asset Management and Three Arrows Capital all confirmed they were dip buyers.

So, there’s a chance that Bitcoin’s sudden dominance recovery may not come down to regular market cycles but instead be influenced by institutional whales scooping up discounted BTC.

Risk-off, but how far?

The question is: To what extent will the involvement of institutions make a difference to BTC dominance patterns compared with what was seen in 2017? Perhaps the most critical difference between institutions and retail investors is that institutions are far more likely to follow prevailing market conditions and go risk-off accordingly. Therefore, BTC dominance is rising as investors choose to step away from risk-on alts.

Related: For the long haul? When Bitcoin nosedived, institutions held fast

However, based on the “buying the dip” reports, it seems there’s no reason to assume that investors are going as far as going risk-off from crypto itself — at least for now. Furthermore, bullish sentiments continue to swirl around, undeterred by the market chaos of recent weeks as seen by the reports that interest in BTC appears to still be on the rise.

Therefore, there’s still every chance that if interest in BTC continues to hold, and no major bad news comes in to destroy the sentiment around crypto, the money flow model may still play out once again. For now, if history holds firm, some further increases in BTC dominance will take place before investors once again start to expand into large-cap altcoins.