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What Kind of Weekend Are Bitcoin and Altcoins Having?
The crypto market is booming.
The positive trend in the cryptocurrency industry continues. As of today, although the leading cryptocurrency Bitcoin (BTC) has not risen even by 1 percent, many altcoins have gained more than 5 percent.
The fact that BTC dominance started to fall little by little after a long time, naturally, allows money inflows to altcoins.
In particular, the crypto market was dominated by sellers yesterday. The coup attempt in Russia badly affected the Russian financial markets as well as the crypto market.
Although there were no giant drops in the crypto money industry yesterday, the fact that BTC dominance is at the peak of recent times causes altcoins to be greatly affected by Bitcoin's movements.
Altcoins Are Green Again Today!
As of today, the appreciation of the leading altcoin Ethereum (ETH) close to 3 percent pleased crypto investors. Some altcoins with low market caps have gained more than 10 percent.
Weekly closings will occur in crypto assets, especially tonight. Before these closures, it is predicted that Bitcoin and Ethereum will exhibit sharp movements.
Bitcoin's weekly closes above $31,000 and Ethereum's $1,900 levels will intensify the upward trend as of the next week.
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