Bitcoin ETF

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<ul class="news-points"> 
 <li>According to Santiment, despite Bitcoin declining as low as $45,400, many altcoins surged significantly.</li> 
 <li>Santiment observed that the recent altcoins surge may have attracted many investors to trade in more speculative assets.</li> 
 <li>The analytics platform noted that a lack of confidence in BTC would lead to the downfall of many market caps.</li> 
</ul> 
According to Santiment, the market intelligence platform with on-chain and social metrics, the crypto community’s attention shifted toward Bitcoin following a false Bitcoin ETF approval announcement by the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a>. Santiment noted that despite Bitcoin declining as low as $45,400, many altcoins surged significantly. 
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 <img decoding="async" width="599" height="699" src="https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises.png" alt="" class="wp-image-361439" style="width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises.png 599w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-257x300.png 257w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-380x443.png 380w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-76x89.png 76w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-381x445.png 381w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-212x247.png 212w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-206x240.png 206w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-141x165.png 141w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-181x211.png 181w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-60x70.png 60w, https://coinedition.com/wp-content/uploads/2024/01/Santiment-Altcoins-see-Major-Rises-64x75.png 64w" sizes="(max-width: 599px) 100vw, 599px">
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 <a href="https://twitter.com/santimentfeed/status/1744896831283483005" target="_blank" rel="nofollow">Altcoins See Major Rises</a>
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The market intelligence platform observed that the recent altcoins surge may have attracted many investors to trade in more speculative assets. However, it noted that a lack of confidence in cryptocurrency’s top asset would inevitably lead to the downfall of many market caps that rely on BTC’s market cap to stay steady. 
Some of the notable altcoins that surged following the false ETF approval announcement include ETH, which rallied from a daily l…
The post <a href="https://coinedition.com/most-altcoins-depend-on-bitcoins-stability-to-thrive-santiment/">Most Altcoins Depend on Bitcoin’s Stability to Thrive: Santiment</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Most Altcoins Depend on Bitcoin’s Stability to Thrive: Santiment

Coin Edition

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