CryptoPotato on Nostr: Three Reasons Why Altcoins Are Suffering and When They Will Recover ========== ...
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/Published at
2024-06-17 07:10:12Event JSON
{
"id": "c3eefff1621afeb7ed2fd3d7bf0eeec32abd6b6efd55a7cd5fe5dc65b193dfd5",
"pubkey": "5085438394241025f70399a3560f5c249d456bf2d1e25676eaab971ca36fe19b",
"created_at": 1718608212,
"kind": 1,
"tags": [],
"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/",
"sig": "4b448338fa4020655ce4f0a4a99c2348d501e57ec778c1256927affa82fe99f23e189f5fb7359f0aaa37cbf9e2be9b530dba076d0631838d3b64c860acea7a98"
}