Did the bear cycle end?
Cryptocurrency prices fell slightly after Bitcoin reached a key resistance level.
The total market capitalization of the crypto market is above $2.65 trillion.
Against the backdrop of the overall growth over the past week, experts have again started talking about the start of the altcoin season—a trend in which the largest cryptocurrencies outperform Bitcoin in terms of growth.
Cryptoquant experts noted that liquidity is actively shifting from Bitcoin to ETH markets and into riskier crypto assets. After a long period of low volatility and weak trading volumes, it was the altcoins that drew investors’ attention.
Although, in reality, the current increase is a rebound from near the year’s minimum price levels for many crypto assets. For example, ZRO, which has risen by more than 60%. A similar pattern can be seen in at least a dozen of the top 100 largest crypto projects.
Cryptocurrency prices fell slightly after Bitcoin reached a key resistance level.
The total market capitalization of the crypto market is above $2.65 trillion.
Against the backdrop of the overall growth over the past week, experts have again started talking about the start of the altcoin season—a trend in which the largest cryptocurrencies outperform Bitcoin in terms of growth.
Cryptoquant experts noted that liquidity is actively shifting from Bitcoin to ETH markets and into riskier crypto assets. After a long period of low volatility and weak trading volumes, it was the altcoins that drew investors’ attention.
Although, in reality, the current increase is a rebound from near the year’s minimum price levels for many crypto assets. For example, ZRO, which has risen by more than 60%. A similar pattern can be seen in at least a dozen of the top 100 largest crypto projects.