Recently, Bitcoin has been rising alone while other coins have been plummeting, leading to severe blood-sucking. Outside investors only recognize Bitcoin. Look at the United States, where the assets under management of Bitcoin ETFs ($129.3 billion) have already surpassed those of gold ETFs ($128.9 billion).

Gold has been around for over twenty years, and Bitcoin has overtaken it; this is the charm of new things.

However, what is surprising is that Ethereum has also strengthened at this time and has not experienced blood-sucking declines. This is a very good signal. The resistance level we've been talking about has been broken and stabilized, making things easier going forward. The Federal Reserve is also about to cut interest rates, which is all positive news. We are just waiting for a flood of liquidity to flow into the cryptocurrency market.