Bitcoin price wiped out weekly gains on Friday, the asset’s decline ushered a bloodbath in crypto. Jupiter, SEI, Avalanche, Gala and SUI prices rallied, the altcoins showed strength during a market correction. The total market capitalization of altcoins is following the 2020 trend closely, period of accumulation and distribution is likely complete. This is a key narrative that emerges during a BTC correction, since typically profits from the largest asset rotate into altcoins.
Also read: Solana, meme coins and AI tokens post daily gains, withstanding crypto market retreat Altcoins that show resilience during Bitcoin price dip The market capitalization of altcoins is repeating its 2020 trend, when observed closely, there is a long period of accumulation, distribution and the current phase, the breakout, where altcoin prices are likely to note an impulsive move, climbing higher, faster. Altcoin market capitalization.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »