Bitcoin has reached $108,000, adding tension to low trading activity. Analyzing this moment, it is worth looking at altcoins and their potential prospects.
Comparison of Bitcoin and Altcoins
Bitcoin's recent surge shows it continues to attract buy orders, which is not characteristic for altcoins. Investors notice that altcoins often start to rise only after Bitcoin reaches peak values and expect new highs when liquidity shifts.
Future of ETH
Ethereum, the main altcoin, has yet to break the $2,500 mark, currently stabilizing around $2,450. However, current market conditions and recent events in China may impact its future growth. Statistics show that the number of short positions on ETH has reached new records.
Market Trends
Recent analytical data suggests that the Bitcoin dominance market is crucial for understanding altcoin potential. Some experts predict that the current trend may precede a similar scenario to the November 2024 altcoin rally, creating opportunities for future market changes.
Amidst Bitcoin's rise, altcoins remain in the shadows, but their potential surge may occur depending on liquidity changes in the market. Investors should stay vigilant.
