Altcoins are surging higher as Bitcoin price consolidates and the prospect of a $3 trillion economic stimulus package sparks confidence in crypto investors.
After today’s sharp downside move, Bitcoin and altcoins could trade in a sideways range as bulls and bears fight to control the market’s momentum.
Altcoins could also see a strong buying interest and may run up vertically if Bitcoin rallies above $30,000.
Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices.
Bitcoin may be rooted in blockchain technology, but it’s evolved into something much more than code. That’s why it’s not easy to replicate.
The interview with Bitcoin SV advocate Jimmy Nguyen on Fox Business came to an abrupt end after only two minutes.
Bitcoin could consolidate for a few more days as the action shifts to Ether, XRP and other large-cap altcoins.
Bitcoin price is back on the path to a new all-time high, and it seems altcoins intend to follow suit.
Bitcoin has resumed its journey toward a new all-time high, and the renewed bullish momentum is pulling altcoin prices higher.
A few altcoins are trying to start a new up-move even though Bitcoin is struggling to pull above $16,300.