menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Altcoin Ma...
source image

Coindoo

1M

read

291

img
dot

Image Credit: Coindoo

Altcoin Market Cap Squeezed Below Key Resistance Level

  • Altcoin market cap remains below key resistance level despite a short-term relief brought by April bounce.
  • Altcoins have not been able to reclaim previous highs like Bitcoin, indicating lingering risk aversion among investors.
  • Persistently high Bitcoin dominance is hindering altcoin progress, historically requiring a sustained drop in BTC dominance for altcoins to thrive.
  • For altcoins to regain momentum, a break above the $840 billion level is necessary, and Bitcoin dominance needs to consolidate or retrace for broader altcoin performance.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app