Do you have crypto soaring? He has. But don't be fooled. They are exceptions.
For now, Bitcoin still appreciates over the general market and this should continue for a while longer, until altcoins “go crazy”, if the history of past cycles repeats
Based on the data and comparison with other cycles, this moment is not yet characterized as the altcoin bull season (altseason), but rather Bitcoin Season.
This is the initial phase of the great upward pull in the cryptocurrency cycle.
First, Bitcoin rises and, even with the creation of thousands of new cryptocurrencies, increases its dominance (market share).
Then, the main altcoins begin to rise even more than Bitcoin, beginning the second phase.
Finally, rising even more, the smaller altcoins appear. At this point, Bitcoin's dominance has already declined and the best narratives have reached their peak in value. This period usually lasts a few months.
In your opinion, when will the altseason actually begin?
Elections for now point to a very close dispute between Trump and Kamala.
Although Trump is ahead at the moment, Kamala has more popularity in states that have not yet started counting.
The crypto market notably leans in favor of Trump, who supports $BTC
The next few hours should be very volatile. Fasten your seatbelts and keep in mind that nothing is definitive for the market. In the short term, results make a price. As time passes, the effect dissipates and the narratives adopted change.
If we haven't had him with us for 30 years, I can only be grateful for at least having seen this moment up close. Emotion takes over and there’s no way it could be any different.
On the same day that the largest decentralized currency on the planet, Bitcoin, reaches an all-time high, the Brazilian state currency reaches its all-time low.