The Current State of the Altcoin Market
As of late July 2024, Bitcoin is trading around $65,675. While Bitcoin continues to show strength and resilience, altcoins have been struggling. According to Cowen, the market for altcoins, excluding Ethereum and stable coins, is showing signs of weakness against Bitcoin. This trend is particularly concerning for altcoin enthusiasts, as it implies that these digital assets might be facing a tougher market environment.·
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