The altcoin market looks primed to run as key levels continue to be held. That said, the altcoins need the wink from bitcoin, and therefore, what bitcoin does over the rest of this week could be crucial for the rest of the cryptocurrency market.
Crypto is one of the only assets going up
Altcoins are still very much in an uptrend. In an economic environment where among all assets, only precious metals, technology and crypto is climbing, it’s good to be in the altcoins.
Bitcoin dominance needs to be watched
That said, if bitcoin is very volatile, the altcoins are very much more so, and large spikes to the upside as well as the downside are commonplace. Having the fortitude to resist all the noise is therefore a very important quality to have for investors.
Source: Coingecko/Trading View
Nevertheless, how bitcoin fares is also very important for the alts. Currently, bitcoin dominance is continuing to make lower highs, while at the same time making higher lows. This does s
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