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The post <a href="https://coinpedia.org/news/crypto-market-analysis-bitcoin-price-bounce-back-what-can-we-expect-from-altcoins-this-week/">Crypto Market Analysis : Bitcoin Price Bounce Back; What Can We Expect from Altcoins This Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In response to a wild day in the crypto world, <a href="https://www.youtube.com/watch?v=Wbf6sNlTqw4">well-known analyst Crypto Capital Venture </a>shared his thoughts with the community. While Bitcoin hogged the spotlight, other digital currencies, known as altcoins, took a hit, making things even bumpier for their holders. Feeling the impact himself, the analyst felt it was essential to take a step back and make sense of it all. 
Before diving into the charts, he told everyone to stay strong in tough times. Then, he got into the nitty-gritty of what was happening in the crypto market. Bitcoin seemed pretty stable compared to the chaos in altcoins. But there was something unusual going on with <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> this time. 
Also Check Out : <a href="https://coinpedia.org/news/top-crypto-stocks-to-acquire-after-bitcoin-halving-in-april/">Top Crypto Stocks To Acquire After Bitcoin Halving in April</a> 
Normally, before its halving event, Bitcoin doesn’t hit all-time highs. But this time, it did, suggesting some unique factors at play, like big investors getting into the game and a limited supply of Bitcoin. 
As for altcoins like <a href="https://markets.coinpedia.org/ethereum/">Ethereum</a>, <a href="https://markets.coinpedia.org/cardano/">Cardano</a>, <a href="https://markets.coinpedia.org/chainlink/">Chainlink</a>, and Solana, the analyst said their performance was kinda like a rollercoaster. He explained how, historically, altcoins tend to shine after <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin’s halving</a>, not before. So, expecting them to skyrocket right now might be jumping the gun a bit. 
Then, he focused on Solana, a rising star in the crypto world. Some folks thought Solana’s success meant the end for older altcoins, but the analyst disagreed. He pointed out how, in the past, Chainlink had a similar moment of glory without overshadowing other altcoins like Ethereum and Cardano. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Here’s the bear market low of 2018, and if we look at that low during bitcoin halving, Ethereum was up around 150%. Cardano was also&nbsp; up around 150%. So, the move that’s happening now, you can notice how altcoins were at this time, last cycle of Bitcoin halving,” he said. 
</blockquote>

Crypto Market Analysis : Bitcoin Price Bounce Back; What Can We Expect from Altcoins This Week?

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Alte articole publicate pe 15 apr. 2024

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