Bitcoin's price has recently remained in a narrow trading range, leaving investors anticipating better times. This raises questions about altcoin prospects.
Impact of Bitcoin Price on Altcoins
The influence on altcoins is dependent on the stability of Bitcoin's price. Its constant presence in a narrow trading range affects investor expectations regarding altcoins.
ETF Market and Institutional Investments
Demand for ETFs remains strong, differing from past scenarios in 2021 and 2017. Institutional investors are altering traditional metrics, impacting the market.
Experts' Predictions for Summer 2023
Experts believe the likelihood of a significant movement in altcoins this summer is low due to current economic and geopolitical factors. Expert DaanCrypto points to past volatility and prefers to consolidate long-term holdings.
With an increasing focus on economic and geopolitical factors, the market remains in a state of cautious anticipation regarding altcoin dynamics in the future.
