Bitcoin

Litecoin

<ul><li>Despite hurdles, CryptoMichNL anticipates a significant climb, offering short-term optimism for Bitcoin investors.</li><li>High profit ratio historically precedes market corrections, urging investors to exercise caution in the current market scenario.</li><li>As Bitcoin battles, alternative cryptocurrencies like MATIC and LTC present compelling opportunities for diversification.</li></ul>In the ever-evolving landscape of cryptocurrency, the latest market trends have set the stage for an intriguing start to the new year. As the crypto community eagerly awaited the post-holiday market dynamics, Santiment, a leading crypto analytics platform, raised a cautionary flag regarding Bitcoin&#39;s supply in profit ratio, standing at a robust 89%. This level prompted a note of vigilance, as historical data suggests that Bitcoin tends to thrive in the 40-70% range. Meanwhile, altcoins like Polygon&#39;s MATIC and Litecoin (LTC) were identified as more comfortably positioned in an opportunity zone.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c68909fd0451450492c0471ab9c4c995.png" />Santiment&#39;s data analysis revealed that Bitcoin&#39;s current supply in profit ratio, indicating the percentage of Bitcoin holders in profit, could signal a potential slowdown in further price rises. A level of 89% historically precedes periods of caution, suggesting that the market might experience more favorable conditions when this ratio is within the 40-70% range. This insight from Santiment urged investors to exercise caution as they navigate the crypto landscape heading into the new year.Read full article <a href="https://cryptotale.org/bitcoin-rises-to-51k-and-altcoins-sit-in-an-opportunity-zone/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Bitcoin Rises to $51K and Altcoins Sit in an Opportunity Zone

CryptoTale

Ďalšie články zverejnené 22. 12. 2023

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