Bitcoin ETF

Bitcoin

Momentum

Ethereum Name Service

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoins-surge-as-bitcoin-struggles-to-maintain-momentum" rel="noopener noreferrer nofollow">Altcoins Surge as Bitcoin Struggles to Maintain Momentum</a> 
Following the cryptocurrency crash in 2022, 2023 has been a year of recovery, with <a href="https://en.bitcoinhaber.net/deciphering-bitcoins-future-insights-from-crypto-analyst-pentoshi" rel="noopener noreferrer nofollow">Bitcoin</a> rebounding from $15,000 to $45,000. Altcoins also experienced a prosperous year, especially with significant price surges in the last quarter. The approval of a spot Bitcoin ETF at the beginning of 2024 has caught the attention of investors.
At the start of 2024, altcoins outperformed Bitcoin with sharp increases. Despite a disappointing previous week, some altcoins saw gains exceeding 40%, hinting at a potential halving event and a transition into a bull market. SUI topped the list with a 60% gain over seven days, despite a 3.53% drop today, bringing its price to $1.25. Its 24-hour trading volume decreased by 2%, totaling $443 million.
Ethereum Name Service (ENS) also stood out, gaining over 47% in the past week to reach $22.20, following a positive comment from Vitalik Buterin. ENS’s 24-hour trading volume increased by 13%, with a total value exceeding $186 million.
Blur and CHZ had a remarkable week as well, with respective gains of 45% and 44% over the last seven days. CHZ experienced significant whale activity, sparking discussions about potential preparation for a bull market.
While altcoins surged, Bitcoin struggled to sustain its value, failing to maintain stability above the $43,000 level after a drop from $49,000 to $41,500. At the time of writing, BTC’s price had decreased by 0.5% to $42,600, leaving investors uncertain about the short-term positive impact of ETFs and the future of the market.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoins-surge-as-bitcoin-struggles-to-maintain-momentum" rel="noopener noreferrer nofollow">Altcoins Surge as Bitcoin Struggles to Maintain Momentum</a></h5>

Altcoins Surge as Bitcoin Struggles to Maintain Momentum

BH NEWS

Other articles published on Jan 17, 2024

ProShares Files for 5 Spot Bitcoin ETFs with Indirect Exposure

Kraken CEO David Ripley optimistic about the impact of Spot Bitcoin ETFs

Metaverse Has Grown Into an Ugly Duckling For Investors

Will SUSHI investors remain profitable in January

Bitcoin's Price Signals Hope, but Bears Lurk in the Shadows

Grok predicts Bitcoin price for the end of 2024

Join our free newsletter for daily crypto updates!