Bitcoin is showing signs of topping out but many altcoins remain strong, a signal that the decoupling between the two is likely to continue for a few more days.
Ethereum’s increasing dominance has kept traders focused on altcoins but Bitcoin’s struggle to hold above $59,000 could send the entire market tumbling.
Altcoins continue to rally higher and Bitcoin’s repeat tests of the $58,000 level signal that bulls are building momentum.
EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.
Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets.
After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels.
Bitcoin price continues to come under pressure from sellers while Ether and BNB are attempting to buck the trend.
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After the initial oversold bounce, traders are struggling to sustain the momentum of the relief rally in Bitcoin and most altcoins, a signal that selling could intensify at higher levels.
Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash doubled as altcoin forks have started to gain traction.