The price of Bitcoin rises, altcoins fall! When Bitcoin drops, altcoins continue to fall! This is the true reflection of the market in recent days:
However, there is no need for everyone to be too nervous. As long as Bitcoin does not return to 30,000 points, this round of market will definitely not end. The current time node is just not the outbreak period for altcoins. Therefore, I suggest that brothers 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. In fact, during a bull market, the price increase of quality altcoins can achieve a curve overtaking of Bitcoin.
But at this time, do not casually chase hot spots and change positions, especially with new coins on Binance or other CEX platforms, as it is easy to fall into a trap.
Currently, the market is filled with risk-averse sentiment. And next week, there is Christmas, followed by New Year’s Day. During this period, liquidity is very low, and US stocks are closed, completely influenced by retail investor sentiment.
Powell's negative attitude is a challenge for Trump's policy advancement, but it may not be a decisive factor. Bitcoin, as a strategic reserve plan, can be realized through legislation by Congress. Trust in the power of trends; trends are irreversible.
The upward trend is still there, because as long as nothing unexpected happens in Q1 next year, with the new president taking office and the new SEC chair, speculation and trend will definitely continue.