💥💥 Yesterday, Bitcoin rose strongly to a new high of $66,000, and Ethereum followed closely behind with outstanding performance.
However, for many investors, the currencies they hold do not seem to be driven by this wave of market. What is the reason?
Concentrated flow of funds: Market funds are like water flow, and are currently mainly concentrated in mainstream currencies such as Bitcoin and Ethereum. Small currencies are difficult to perform well due to insufficient funds.
Difference in market focus: Bitcoin and Ethereum, as the focus of the market, have attracted a lot of attention from investors and media, while small currencies are relatively lacking in such attention.
Market sentiment impact: When the market fluctuates, investors tend to choose mainstream currencies as a safe haven, which makes the price fluctuations of small currencies relatively small.
Insufficient project progress: Some small currency projects may find it difficult to attract new investors due to lack of new progress or news, which in turn affects their price performance. $SOL $ETH #ETH_ETFs_Approval_Predictions #SOFR_Spike #Mt_Gox_BTC_Dip #BinanceHODLerBANANA