In the last 24 hours, more than 90% of altcoins have experienced a significant decline in their prices, according to futures market data on Binance. Some cryptocurrencies have recorded sharp drops, exceeding 25% loss in their value. A clear example is TROY, which has been one of the most affected during this correction period.
On the other hand, the BTCDOM index, which measures Bitcoin's dominance against other cryptocurrencies, has remained sideways for the last 120 hours. Its price range has fluctuated between 2.970 and 2.990 USDT, reflecting a moment of uncertainty in the market.
Currently, the market is at a key point: in the coming hours we could witness the continuation of the bullish trend of altcoins observed in recent days or a definitive shift towards a bearish trend for altcoins, accompanied by a bullish movement in the BTCDOM index.
Despite this widespread bearish scenario, not all altcoins have succumbed. GOAT has stood out as the big winner of the day, achieving a profitability of over 15% amidst the general selling pressure.
This is a crucial moment to stay informed and carefully analyze market movements. The coming hours will be decisive in defining the direction of altcoins and the BTCDOM index.
$TROY $BTC $XRP #TopCoinsSeptember #futuros #TradingSignals #solana #Inversiones