Three Reasons Why Altcoins Are Suffering and When They Will Recover
==========
Altcoins are currently experiencing a bear market, with many falling to lows. The reasons behind this drop include uncertainty around Ethereum exchange-traded funds (ETFs) and high inflation in the US. Altcoins tend to perform well during periods of quantitative easing and low interest rates. Bitcoin dominance is also a factor, with BTC dominance currently at 55.4%. It is expected that the rotation will happen once the Ethereum ETF is listed. Altcoins have historically peaked around 546 days post-halving. The total market cap remains flat at $2.54 trillion, with most altcoins continuing to decline.
#Altcoins #Bitcoin #Ethereum #Cryptocurrency #MarketAnalysis
https://cryptopotato.com/three-reasons-why-altcoins-are-suffering-and-when-they-will-recover/
CryptoPotato /
npub12z…zlgh0
2024-06-17 09:10:12
Author Public Key
npub12zz58qu5ysgztacrnx34vr6uyjw526lj6839vah24wt3egm0uxdsazlgh0Published at
2024-06-17 09:10:12Event JSON
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"content": "Three Reasons Why Altcoins Are Suffering and When They Will Recover\n==========\n\nAltcoins are currently experiencing a bear market, with many falling to lows. The reasons behind this drop include uncertainty around Ethereum exchange-traded funds (ETFs) and high inflation in the US. Altcoins tend to perform well during periods of quantitative easing and low interest rates. Bitcoin dominance is also a factor, with BTC dominance currently at 55.4%. It is expected that the rotation will happen once the Ethereum ETF is listed. Altcoins have historically peaked around 546 days post-halving. The total market cap remains flat at $2.54 trillion, with most altcoins continuing to decline.\n\n#Altcoins #Bitcoin #Ethereum #Cryptocurrency #MarketAnalysis\n\nhttps://cryptopotato.com/three-reasons-why-altcoins-are-suffering-and-when-they-will-recover/",
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