The price of Bitcoin managed to revive after a complicated period which lasted several months. Indeed, Trump’s customs tariffs have thrown cold on the financial markets, and in particular on cryptocurrencies. But with the recent Bitcoin ATH beyond $ 110,000, operators are once again on cryptocurrencies. Is it enough to relaunch altcoins? We immediately make the point!
Register on Binance via this link
Ath for bitcoin, but interest in altcoins is at the lowest
On May 21, the price of Bitcoin was not only validated a new Athbut he also managed to record a higher fence to the last Ath in January. It didn’t take more to find enthusiasm on the market, especially since Robert Kiyosaki believes that the BTC could touch the $ 350,000 by the end of 2025 (just that).
But if the BTC shows itself solid Since April, theinterest in altcoins is always very low According to Google Trends data:
THE Google searches concerning altcoins are at the bottom, well Far from the peaks of 2024. This metric therefore indicates that operators do not benefit from theBitcoin Athcoin to reposition itself massively on risky active ingredients.
Some will see a opportunitybecause it is often better to place yourself before a Fomo operators. Despite everything, the Altcoins cannot interest investors prolongedly, as was the case in 2021.
The market is in Bitcoin Season, soon to be altcoins?
The indicator Altcoin Season Index lets you know if the market is in Bitcoin Season or in Altcoin Season. It is based on several elements such as:
- there performance Bitcoin compared to altcoins
- there Bitcoin dominance
- THE trading volumes
- THE feeling on social networks
Currently, the Bitcoin dominates And massively attracts capital:
The indicator evolves in Orange areawhich therefore means that the market is in Bitcoin Season. Following the ath of Bitcoin, it is logical to see that the investors bet on the king of cryptocurrencies. He managed to validate a Athand it’s thethe least risky market on the market. However, the indicator tends to evolve cyclically. A Altcoin Season Usually arrives after a Bitcoin Season.
For the moment, altcoins are behind and investors focus on Bitcoin. However, the ATH of the BTC suggests that the Bull Run is not finished. And often, when Bitcoin experiences a strong flight, altcoins eventually follow. In 2024, the same was the most efficient. This sector corrected well at the start of the year, but with the return in force of the king of the cryptos, it could end up finding upward volatility.
Register on Binance
Will the article Altcoins (finally) wake up with Bitcoin ATH? appeared first on the local newspaper.