The savvy bitcoin bull also warns that
a rally of the altcoins shouldn't be expected just yet.
Not exact matches
None
of the
altcoins have had a significant breakout that would be not synonymous with a bitcoin
rally.
The recent
rally of the Bitcoin price to $ 3,000 paused with inevitable corrections that led cryptocurrency experts to again speak about the possibility that other cryptocurrencies, or
altcoins, will soon take the lead on the digital currency markets.
With so many
altcoin markets breaking above descending triangles and
rallying to test the 0.236 % fibonacci retracement areas, many analysts are waiting for the markets to pull back and produce a higher low on larger time frame charts before proclaiming that the first
altcoin season
of 2018 is indeed kicking off.
Bitcoin is also up today, but while the majority
of altcoins are trading on new
rally highs, BTC is stuck below the prior swing high at $ 8400, which is also a previously established resistance level.
The historic
rally in the cryptocurrency reached even higher today, with Bitcoin getting even closer to the $ 10,000 mark and some
altcoins experiencing another day
of...
There was no clear trigger for the
rally, although it may be a logical outgrowth
of the recent
altcoin surge.
Notably, KRW pairs — which often spur on
altcoin rallies — currently comprise a relatively small amount
of Litecoin trading.
This week's spike in the price
of Bitcoin was met with equally impressive
rallies in a number
of altcoins, with Dash, Ethereum and Litecoin soaring to all - time highs as well.
Both Litecoin and Ethereum exploded to new all - time highs
of $ 338 and $ 643 respectively,
rallying the
altcoin market cap to $ 20 billion.
Starting in March, many
altcoin markets started to
rally, with many leading
altcoins making gains
of over 1000 % in a matter
of just weeks.
The trio
of NEO, Cardano, and Stellar also continued their recent
rally, taking over Dash, Monero, Litecoin, and IOTA in the list
of the most valuable
altcoin.
Bitcoin price recent
rally at the expense
of altcoins helped support the overall $ 200 bln crypto market cap.
2018 did not begin on a good note for Bitcoin as the monster
rally leading to Christmas crashed, but it made a bit
of a recovery in and among a boom for a number
of altcoins.
Altcoins continued to shine in the last couple
of days, but for a change, Bitcoin
rallied together with the other majors, as the Bitcoin Cash chaos
of the weekend fizzled out although the BTC and BCH still trade with high volumes.
The combined value
of all cryptocurrencies in circulation approached half a trillion dollars on Tuesday, as bitcoin's
rally extended to leading
altcoins such as Ethereum and Litecoin.
South Korean exchanges have been at the center
of large
rallies in bitcoin and
altcoins in recent months.
This week has brought a welcome respite to the cryptocurrency markets, but
altcoin investors may want to hold off on plunking down deposits at the Lamborghini dealership, because Wall Street strategist and noted cryptocurrency bull Tom Lee has predicted that
altcoins will remain in «purgatory» for the duration
of spring and most
of the summer before
rallying again in August or September.
Despite losing a significant amount
of market share in the face
of a widespread
altcoin rally, bitcoin managed to rise during the first week
of the new year.
Last week, prices peaked at $ 3.84 during one
of the biggest - ever
rallies for
altcoins.