Waiting for the market to improve
Waiting for the market to improve
Global cryptocurrency market capitalization is currently $2.44 trillion, decline of 2.4% in the past 24 hours.It can be seen that the impact of Bitcoin has spread to the entire market, and altcoins are no exception.
Oshini Perera Answered question May 30, 2024
It’s always been like that when Bitcoin Rally or get into some retracement, major altcoins follows the same trend. For me the 24hors decline is healthy at least in long term perspective. Because if you look at the chart from the past months, BITCOIN JUST RALLIED FROM 30k UP again to new ATH and now trading at 50k range. That to me, is just a type of market correction. Because price don’t just rally, it also does accumulate more investors for a short term correction to have the lowest price possible.
Kevin Sung Answered question May 30, 2024