Market Observers Anticipate Altcoin Surge Following Bitcoin Price Fluctuations

Source of this Article
Coin-Turk 11 months ago 246

As the article was prepared, Bitcoin’s value stood at $96,356, with altcoins achieving significant gains over the weekend. Despite Bitcoin’s price retreating from $99,000, leading altcoins like ADA ($0.53) and XRP ($2.28) experienced double-digit losses, which began to recover. The pressing question remains: when will the true rise in altcoins occur?

Current Bitcoin Dynamics

In the past 24 hours, the Bitcoin $96,393 price dropped from $98,564 to $95,734. Nearly half a billion dollars in long positions were liquidated, contributing to double-digit losses among altcoins during this Bitcoin downturn. With losses starting to recover, strong volatility is anticipated in the upcoming week based on forthcoming data.

Daan Crypto Trades noted the significant liquidation risks and suggested that Bitcoin could dip to $95,000 before accelerating downward. He stated that over $500 million in ...



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