Post
Topic
Board Speculation (Altcoins)
Re: Market seems in correction mood
by
Nothingtodo
on 24/05/2024, 12:02:34 UTC
At the start of the year, Bitcoin hit new highs, breaking past records centered on Bitcoin ETFs. A lot of alt coins pumped a lot, Solana coin in particular has increased in value more than I imagined. Bitcoin halving is only a few days away and the correction may have already started, the market has been very bearish in the last 24 hours. Current market conditions do not seem to me to be focused on a single country attack. I think it's the Bitcoin halving that's creating such a frenzy in the market.
As Bitcoin increases, other altcoins also increase in price, especially Ethereum and Solana, which have increased the most with Bitcoin's price this time. But the market has to accept that there has been a lot of correction compared to before, especially compared to the highest price of Bitcoin in 2021, this time Bitcoin has exceeded 73 thousand dollars. However, if Bitcoin exceeds 100k dollars, the price of other altcoins will also correct.