The “Alts buy signal” chart is flashing a buy signal, with a trader linking it to levels Bitcoin hit before its price surged sixfold over six months. A prominent crypto trader believes altcoins might be in a prime accumulation phase, pointing out a buy signal that hasn’t triggered so low in over three years. “Altcoins…
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The price of Bitcoin has grown 54% since the start of 2024, and only six altcoins from the top 50 have done any better. Only six altcoins among the top 50 tokens by market capitalization have managed to outperform Bitcoin so far this year, as Bitcoin dominance reached a three-year high over the weekend. The…
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Central issues: Last week, digital asset investment products saw a net loss of $20.9 million, primarily from long Bitcoin products. With inflows totaling $3 million in the previous week and $19 million in the preceding eight weeks, investors favored altcoins, excluding Ethereum. Exchanging volumes for computerized resource speculation items showed decreased market movement. According to…
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