Bitcoin’s price is facing headwinds from multiple sources, including the upcoming distribution of Bitcoin from the defunct Mt. Gox exchange and the anticipated launch of Ether ETFs. These developments have triggered concerns about potential selling pressure on Bitcoin and a possible shift in market dynamics towards altcoins.
Crypto investor Daan Crypto reports a slight decline in Bitcoin dominance since the Mt. Gox distribution announcement. This development could present an opportunity for altcoins to regain market share. Key levels to watch are 52% and 48% dominance for Bitcoin.
The post Mt. Gox Bitcoin Release, ETH ETF Launch: Will Altcoins Outshine Bitcoin? appeared first on Coin Edition.
Bitcoin’s price is facing headwinds from multiple sources, including the upcoming distribution of Bitcoin from the defunct Mt. Gox exchange and the anticipated launch of Ether ETFs. These developments have triggered concerns about potential selling pressure on Bitcoin and a possible shift in market dynamics towards altcoins.
Crypto investor Daan Crypto reports a slight decline in Bitcoin dominance since the Mt. Gox distribution announcement. This development could present an opportunity for altcoins to regain market share. Key levels to watch are 52% and 48% dominance for Bitcoin.
The post Mt. Gox Bitcoin Release, ETH ETF Launch: Will Altcoins Outshine Bitcoin? appeared first on Coin Edition.