🚨🚨🚨Why do altcoins keep falling? When will the spring of altcoins come?
Institutions are now playing the leading role in the bull market. They prefer to buy mainstream coins such as BTC. Funds are piled there, and altcoins are left aside. No one speculates, so the price naturally cannot go up.
Moreover, there is no sign of interest rate cuts. When altcoins were popular, interest rates were low, money was plentiful, and everyone rushed into the currency circle. Now interest rates are still high, money bags are tight, and institutions prefer mainstream coins, so it is difficult for altcoins to rise.
In this way, it is difficult to get altcoin ETFs (Exchange Traded Open-End Index Funds) up. Bitcoin has sucked away all the market funds, and altcoins can only watch. If altcoins want to become popular, they have to wait until there is more money in the market and institutions begin to look favorably on altcoins.
As for when the spring of altcoins will come? That depends on when market funds can come in on a large scale, and when institutions can take a different look at altcoins.
