12.17 The big brother leaves first, the younger brother follows
1. Bitcoin continues to hit new highs, taking on the role of big brother
BTC continues to reach new highs, becoming the leader of the market and driving the enthusiasm of the entire crypto market. Meanwhile, ETH is also steadily rebounding, returning above $4000, but altcoins are still in a phase of volatile consolidation.
2. The pattern of the past two years: BTC rises first, altcoins then explode
Bitcoin is usually the pioneer of the market, breaking through first and leading the rise. When its upward momentum weakens, it often enters a sideways consolidation phase. Subsequently, altcoins will experience an explosion. This pattern has played out multiple times over the past two years, and the market has gradually formed this rhythm. Therefore, keeping an eye on BTC's movements in the short term can provide reference for the upcoming altcoin market.
3. Risks and choices of investing in altcoins
Currently, investing in MEME-type, SOL-series, and inscription-type altcoins is not recommended, as these three categories have already been abandoned in the capital market and lack new growth momentum. In contrast, some older projects, such as EOS, IOTA, etc., may have stronger fundamental support and potential value re-evaluation space compared to the currently popular altcoins.
