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Showing posts with the label Altseason

Altcoin Rally Underway, but Altseason Remains Elusive

  Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/btctradingclub Zcash, Quant and a few other tokens have rallied, but Liu says their gains are too isolated to confirm a broad altcoin rotation. Analyst Dennis Liu, who posts on X as VirtualBacon, says altcoin season has not started, because the average altcoin is only about 10% ahead of BTC since the primary cryptocurrency’s bottom. According to him, a handful of strong coins are making the market feel hotter than the data supports. Most Altcoins Still Trail Bitcoin Liu’s argument rests on relative performance rather than a few eye-catching rallies. He pointed to the Total 2-to-Bitcoin ratio, which compares the market value of cryptocurrencies other than Bitcoin with BTC, and described the chart as “very flat.” Since Bitcoin’s bottom, the average altcoin has gained 10% more than BTC, he noted. That is fa...

Bitcoin Drops Below $84K, Altcoins Take a Hit

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  Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/binancefuturesignal MNT, DOT, and UNI lead on the way south but there are many, many more. Bitcoin was rejected again at $87,000 on Monday, and the bears took it a step further earlier this morning, pushing it south hard to under $84,000. BTC’s decline dragged most of the altcoins with it. Ethereum slipped below $2,600, XRP dumped further away from the $1.50 support, and HYPE is close to breaking below $90. BTC Below $84K After the positive PCE data last Wednesday, which sent BTC up and down within minutes, the asset went on the offensive on Friday. It had climbed above $86,000 even before the US jobs report went live, which was weaker-than-expected. The bulls initiated another leg up, driving the cryptocurrency to over $87,000. However, the bears stepped up at this point. Bitcoin slumped in the followin...

BTC vs Treasury Companies: Which Is Riskier?

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 Check out the link provided to make consistent profits in Binance futures trading. Access free Bitcoin trading signals and use the Cornix trading bot for automated trades: https://telegram.me/progrouptraders While Bitcoin is less volatile than it used to be, an analyst says a treasury company amplifies whatever swings remain in the asset. Bitcoin treasury companies can give investors greater exposure to the cryptocurrency’s gains, but the amplification works in both directions, according to The Smarter Web Company CEO Andrew Webley. In a recent interview with BTC advocate Stephen Livera, Webley also warned that unlike Bitcoin itself, these companies depend on management teams whose capital allocation decisions can materially affect shareholder returns. Bitcoin Exposure Comes With Added Volatility Webley identified two risks investors need to understand, the first being volatility. Bitcoin is less volatile than it used to be, the CEO conceded, but it still swings m...