market is showing signs of reversing its recent bearish trend, having plunged from a peak of over $1.26 trillion in March to as low as $960 billion by 24th June.
Moreover, the overall sentiment in the cryptocurrency market appears to be shifting positively. The analyst highlighted the decreasing dominance of USDT as a signal that the market bottom might be forming, paving the way for substantial gains. While optimistic about altcoins, he maintains a more reserved outlook for Bitcoin, suggesting a gradual increase in its price without anticipating an immediate surge to $70,000.serves as an illustrative case study. We will be looking at Cardano’s major metric for any notable sign of bullishness. It can perhaps give more credibility to the analyst’s prediction of a 40% rise for altcoins.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin causes altcoins to suffer, but Notcoin is differentIn the last 7 days, NOT has experienced 12.20% decline. Despite the recent gains, market sentiment shows a downside.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: BTC dominance falls to 56%: Time for altcoins to shine?The resistance faced by Bitcoin [BTC] at the $70,000 price level has led to a steady decline in its market dominance.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Crypto FUD spikes: Bitcoin price sinks below $65k, altcoins record double-digit lossesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin cloud mining platform, AST Mining, offers program for earning BitcoinThe crypto world is exploding! Since Bitcoin and Ethereum ETFs got the green light, everyone's looking for ways to get involved. Forget just
Source: CryptoAmb - 🏆 22. / 68 Read more »
55 Surprising Things That Gen Z Have Going For Them, According To People Over 40Generation Z gets a lot of unnecessary flak for having different priorities than the folks who came before them.
Source: boredpanda - 🏆 18. / 72 Read more »
40 Compliments That Left A Lasting Impact On The People Who Received ThemSome compliments are so wholesome, people cherish them for the rest of their lives.
Source: boredpanda - 🏆 18. / 72 Read more »