Bitcoin rises, altcoins fall! Bitcoin falls, altcoins continue to fall! If it weren't for Binance's various shows, this market is so boring to watch!
Bitcoin rises, altcoins fall! Bitcoin falls, altcoins continue to fall! This is the true reflection of the market in the past few days, but everyone really doesn't need to be too nervous. As long as Bitcoin doesn't return to 30k, this round of market will definitely not end. The current time point is simply not the outbreak period for altcoins. I mentioned yesterday that this wave is similar to last month when Bitcoin broke 90k and hit new highs every day. Altcoins don't want to rise; they are just waiting for Bitcoin to break through the market cap ceiling. That's why after Bitcoin reached 100k last month, altcoins collectively took off, and many altcoins surpassed their previous highs from March this year. This wave of market is the same.
Although Bitcoin broke 108k last night, it is still not a round number. This kind of ATH has become commonplace in the market, and even trending topics can't get up. The next market will only heat up for retail investors and altcoin funds when it breaks through significant levels like 110k, 120k, etc.
So I suggest that friends holding altcoins be patient. As long as your altcoins are listed on major exchanges, the project team is still working, and the direction aligns with market demand, then there is no problem. Even in a bull market, high-quality altcoins can achieve a curve overtaking Bitcoin in terms of gains. At this time, do not casually chase hotspots or switch warehouses, especially new coins on Binance or other CEXs, as it is easy to fall into a pit.