Altcoins pump while traders anticipate a lower support test from Bitcoin

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RUNE, QNT and PERP continue to gather strength even as analysts expect a lower support test for Bitcoin price.
Bitcoin (BTC) bulls are locked in a battle with bears in order to take control of the $40,000 level and dovish comments from U.S. Federal Reserve Chair Jerome Powell suggest that loose monetary policies will remain in place for the foreseeable future.Generally, the crypto ecosystem is “cautiously optimistic” about further price rises as the fallout from China’s miner purge begins to subside and displaced miners begin to establish mining operations in other countries, resulting in a rebound of the Bitcoin hash rate.Data from Cointelegraph Markets Pro and TradingView shows that while the momentum in Bitcoin has slowed down, several altcoins have gained more than 30% on the 24-hour chart, led by THORChain (RUNE), Quant (QNT) and Perpetual Protocol (PERP). Top 7 coins with the highest 24-hour price change. Sourc

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Źródło: https://cointelegraph.com/news/altcoins-pump-while-traders-anticipate-a-lower-support-test-from-bitcoin

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