Present, there are many altcoins in the crypto market and they have grown a lot. But it has gone down and gone again, but Bitcoin is the only currency that hasn't gone down yet, instead it's going up. I've noticed that Bitcoin has grown the most over the past couple of days, but altcoins haven't grown as much in comparison. Currently, we see Bitcoin market above $44000, I think it will bring $45000 very soon. Will Bitcoin Touch $50,000 By This December? What do you think about the way the Bitcoin market is currently growing?
Altcoins have smaller trading volumes and this leads to higher volatility. The comparison between Bitcoin and the altcoins is getting annoying at this point.
I don't believe that Bitcoin will go above 44K USD or even 50K USD this December. My prediction is a price correction and going back below 40K USD. Everybody is praying for the Blackrock Bitcoin Spot ETF approval, but I'm not a big optimist about this ETF being approved.
Bitcoin isn't going down yet, because the army of Bitcoin HODLers and believers is still strong and they will keep their BTC for several weeks, hoping for another price pump. The altcoins don't have such big and dedicated communities of HODLers supporting them.