Analysts advise caution, suggesting a pause in accumulating altcoins due to current market uncertainties and weak signals.
Bitcoin’s recent slip below $59,000 marks a critical juncture in the cryptocurrency market, reflecting broader uncertainty and triggering widespread sell-offs. Recent patterns and market data suggest a cooling period for altcoins, which have been significantly affected by Bitcoin’s prolonged price adjustments.
The advice from the analyst is to focus on robust on-chain data and avoid being swayed by fleeting social media trends.
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