Bitcoin

In a week-long period of consolidation between the $29k and $31k levels, Bitcoin has created an opportunity for altcoins to surge. The surge could be attributed to profit redistributions resulting from Bitcoin&#39;s recent pump. This trend has been particularly noticeable as exchange-traded funds (ETFs) continue to attract more traders, leading to a growing sense of trader optimism in the market.An insightful tweet by a popular analytical firm, Santiment discussed the impact of Bitcoin&#39;s performance on altcoins and the rise in trader optimism:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a56a3361c4454c05b9fbc13babd18def.png" />Despite Bitcoin&#39;s relatively stable price action, altcoins have been making significant strides in the crypto space. With investors diversifying their portfolios, alternative cryptocurrencies have witnessed a surge in demand, resulting in increased prices and overall market capitalization. As Bitcoin remains range-bound, traders have been exploring alternative investment options to maximize their profits.Bitcoin&#39;s price <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">currently </a>stands at $30,468.55, experiencing a slight increase of 0.31% in the last 24 hours. With a market cap of $1.18 trillion and a trading volume of $36.26 billion, Bitcoin continues to dominate the cryptocurrency market with a 50.2% dominance rate. Its circulating supply is 19,413,937 BTC out of a maximum supply of 21,000,000 BTC.Read full article at <a href="https://cryptotale.org/altcoins-gain-momentum-as-bitcoin-consolidates-within-29k-31k-range/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Altcoins Gain Momentum as Bitcoin Consolidates Within $29k-$31k Range

CryptoTale

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