#AltcoinNextMove
As Bitcoin surges to $96K, what’s next for the altcoin market? Will altcoins follow BTC’s momentum, or carve their own path? Which altcoins are you bullish on? Share your predictions and strategies!
Bitcoin (BTC) Approaches $98,000 as Altcoins Lag Behind.
The odds of Bitcoin hitting $100,000 this November have surged on Polymarket.
Bitcoin, the leading cryptocurrency by market cap, recently hit a new record high of $97,836, according to CoinGecko data.
The leading cryptocurrency is up by nearly 6% over the past 24 hours, with its market cap now approaching the $2 trillion mark.
The recent rally comes after massive inflows recorded by Bitcoin ETF products on Wednesday. BlackRock's IBIT alone recorded $626.5 million in fresh money. Fidelity’s FBTC also recorded $134 million in fresh inflows.
The odds of Bitcoin reaching the $100,000 level this November have now surged to as high as 81% on popular betting site Polymarket. Bitcoin is already up roughly 40% this November after 20 days
However, major altcoins have failed to catch the bullish wave. Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and other high-profile alternative cryptocurrencies are actually in the red.
Ethereum (ETH), the flagship altcoin, is up only by a mere 0.5% over the past 24 hours despite the impressive gains logged by the leading cryptocurrency.
