Instrumententafel Angst & Gier Bergbaubecken Geldbörsen Wörterbuch Werben Facebook Twitter Telegram Reddit Youtube
Marktkapitalisierung:
24h Vol:
Kryptowährungen: 11460
Märkte: 87462
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Marktkapitalisierung
24h Vol
11460
Kryptowährungen
58.72%
Bitcoin Aktie
The Coin Rise 2024-11-29 11:40:25

Altcoin Volatility Hinges on Bitcoin’s $100K Breakout, Says Analyst

Altcoin Volatility Hinges on Bitcoin’s $100K Breakout, Says Analyst

Altcoins will continue to experience dramatic rallies and pullbacks until Bitcoin firmly establishes itself above the $100,000 mark, according to Pav Hundal, lead analyst at crypto exchange Swyftx. Speaking at Aus Crypto Con 2024, Hundal stated that Bitcoin’s trajectory remains a pivotal factor in unlocking sustained altcoin growth. “We’re really waiting to see that exuberant move, and then we’ll look at that rotation of capital,” he stated during the event. While some altcoins—such as memecoins—have shown brief moments of outperformance, Hundal predicts that most will remain “choppy” until Bitcoin secures a six-figure milestone. Bitcoin came tantalizingly close to the psychological barrier on November 23, reaching $99,605 before retreating. As of now, it trades at $96,476, leaving altcoins in a state of flux. Short-Lived Gains and Retracements Hundal pointed to several recent examples of altcoin volatility. On November 21, Solana registered a 12.98% surge in just 24 hours, only to relinquish almost all those gains—13%—within five days. Similarly, on November 15, Pepe soared by 93.15% following its listing announcements on Coinbase and Robinhood but retraced 22% of its gains the following day. “Altcoins might see gains of 20%, 30%, or even 40%, but they often give up most of those moves just as quickly,” Hundal explained. When questioned about whether memecoins like Pepe could replicate the 800% gains seen in previous cycles with Dogecoin, Hundal acknowledged the possibility but stressed the importance of capital inflows. “These sorts of things become more possible when Bitcoin dominance is coming back to the downside,” he noted. Bitcoin Dominance Sets the Stage Hundal also highlighted Bitcoin dominance as a key metric in predicting altcoin performance. Currently sitting at 58.30%, according to TradingView, Bitcoin dominance measures Bitcoin’s market capitalization as a share of the total crypto market. Hundal believes dominance could climb to the 65-67% range, potentially even hitting 70%, before reversing. “For me, it’s not about picking the precise peak of Bitcoin dominance. It’s about recognizing when conditions are shifting for the altcoin market,” he said. With Bitcoin’s price movement and dominance shaping the broader crypto landscape, market participants are closely monitoring its next move to assess whether altcoins can break free from their current volatility. Until then, altcoin traders may face more turbulence ahead. The post Altcoin Volatility Hinges on Bitcoin’s $100K Breakout, Says Analyst appeared first on TheCoinrise.com .

Meist gelesene Nachrichten



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Marktkapitalisierung
24h Vol
58.72%
Bitcoin Aktie
464
Heute Nachrichten
Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen