Bitcoin Leads, But Altcoins Are Lining Up for a Breakout
- Bitcoin leads the rally, driven by growing demand and limited supply.
- Analysts say now’s the time to stack promising altcoins fast.
- Solana and Ethereum show breakout potential despite short-term price weakness.
The crypto market is alive and kicking again, and this week’s price action has delivered the kind of excitement traders have been craving. Altcoins like AVAX have skyrocketed nearly 90%, while AAVE isn’t far behind with a 60% jump. But even with these big moves, it’s still Bitcoin that’s setting the pace, outshining most of the altcoin pack.
Why Altcoins Could Be Next
An analyst has said that the market is nearing a critical window. This could be one of the last big chances to start stacking altcoins before a handful of them begin to steal Bitcoin’s thunder.
Related: Before You Trade, See Which Altcoins Are In for a Massive Squeeze
Data shows that Bitcoin’s supply is tightening fast. In the past month, buyers scooped up around 19,300 BTC, while miners produced only 13,000 BTC. This gap between supply and demand has helped push Bitcoin higher, and a similar trend could soon support a rally in select altcoins.
The post Bitcoin Leads, But Altcoins Are Lining Up for a Breakout appeared first on Coin Edition.
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Bitcoin Leads, But Altcoins Are Lining Up for a Breakout
- Bitcoin leads the rally, driven by growing demand and limited supply.
- Analysts say now’s the time to stack promising altcoins fast.
- Solana and Ethereum show breakout potential despite short-term price weakness.
The crypto market is alive and kicking again, and this week’s price action has delivered the kind of excitement traders have been craving. Altcoins like AVAX have skyrocketed nearly 90%, while AAVE isn’t far behind with a 60% jump. But even with these big moves, it’s still Bitcoin that’s setting the pace, outshining most of the altcoin pack.
Why Altcoins Could Be Next
An analyst has said that the market is nearing a critical window. This could be one of the last big chances to start stacking altcoins before a handful of them begin to steal Bitcoin’s thunder.
Related: Before You Trade, See Which Altcoins Are In for a Massive Squeeze
Data shows that Bitcoin’s supply is tightening fast. In the past month, buyers scooped up around 19,300 BTC, while miners produced only 13,000 BTC. This gap between supply and demand has helped push Bitcoin higher, and a similar trend could soon support a rally in select altcoins.
The post Bitcoin Leads, But Altcoins Are Lining Up for a Breakout appeared first on Coin Edition.
Читать больше