Future

Cryptocurrency

Bitcoin

Polkadot

The latest market report from cryptocurrency analysis company Glassnode shows that new spot Bitcoin ETFs are gaining momentum and a bull market is arguably in play in the digital asset space.
Glassnode analysts have identified numerous indicators that have emerged following the approval of many spot Bitcoin ETFs, acting as early signs of a shift of institutional investor capital towards higher-risk investments.
According to the report, Glassnode's 'Altcoin Indicator' metric has pointed to positive momentum in altcoin markets since the beginning of February:
<blockquote>
 “Our Altcoin Indicator has pointed to positive momentum since October last year, with a brief pause during the sell-the-news event following the launch of Bitcoin-ETFs. This momentum was triggered again on February 4.”
</blockquote>
Related News: <a href="https://en.bitcoinsistemi.com/binance-ceo-says-the-future-of-cryptocurrencies-is-exciting-cites-nvidia-example/" target="_blank" rel="noopener noreferrer nofollow">Binance CEO Says "The Future of Cryptocurrencies is Exciting", Cites Nvidia Example</a>
However, the report noted that historically “capital has moved down the risk curve into altcoins at a slower pace compared to the rotation between the two major cryptocurrencies, and this trend is once again evident.”
According to the report, while Bitcoin's dominance remains dominant, there are early signs of further capital rotation into the Ethereum, Solana, Polkadot and Cosmos ecosystems.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/is-the-altcoin-bull-on-the-way-glassnode-analysts-explain-whether-the-bull-has-begun/" rel="noopener noreferrer nofollow">Is the Altcoin Bull on the Way? Glassnode Analysts Explain Whether the Bull Has Begun</a>

Is the Altcoin Bull on the Way? Glassnode Analysts Explain Whether the Bull Has Begun

Bitcoin Sistemi EN

2024년 2월 21일에 게재된 다른 기사

Crypto Super PAC Fairshake Amass $85 Million for US Elections 2024

VeChain Shows Signs of Bullish Reversal, Analysts Optimistic

Bitcoin Trading Activity Intensifies as Market Liquidity Grows

Walmart expands Pudgy Toys collection to more stores

Anticipated Dates for XRP ETF and Ripple IPO

Bitcoin: The bullish trend persists, defying expectations

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!