Why Altcoins Are not Performing ?🤯

There are two major reasons for this:

1️⃣ Bitcoin is very volatile.

We see a sudden move from $66k to $69k, a total $3000 pump, and then back to the $66k level.

The market is volatile; altcoins perform when BTC remains stable or pumps.

This is due to the Bitcoin halving event, which will take place in 14 days.

2️⃣ The second major reason is Bitcoin dominance.

Major money is flowing into Bitcoin due to the halving event.

Here, altcoins are not performing as expected because Bitcoin dominance is increasing.

Once the halving is finished, money will flow to altcoins.

Til then Trade Wisely🤞