Bitcoin's recent struggle to surpass the $109,000 mark has led to volatility and significant declines in the altcoin market. Since the U.S. elections, the crypto community has observed little momentum in altcoins.
Current Trends in the Altcoin Market
For the last 6-7 months, the market has faced numerous challenges, including global trade disputes and fears of nuclear conflict. Altcoins have not shown sufficient dynamics, and their movements remain weak.
Potential Changes in Altcoins
With the approaching possible decrease in interest rates and changes in tariff policy, the altcoin market may expect shifts. Comparisons to previous downturns raise hopes for a quick recovery.
Analysis of Altcoin Attractiveness
The Relative Strength Index (RSI) helps assess interest in various altcoins. Many low-cap altcoins show neutral or low RSI levels, while Bitcoin holds at 60-70. Some altcoins, such as TRUMP and ACK, face significant selling pressure, while interest in SIREN, QNT, and XMR is growing.
The current stage of the altcoin market remains unstable. Investors closely monitor the development of the situation and possible changes in altcoin activity, anticipating significant shifts in their dynamics.
