nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqprvwuk0k6rsgjwyzmqm648eyg3jnz9dtfw65v3vtuxwfqkhhjcpsul9n0f
BITCOIN DIP TO $112K LACKS WHIFF OF ALTCOIN SUMMER: BITFINEX

https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5N2NhMTMtNWUzNS03ZDQ2LTkwYjYtNDEzYzQyYmI2ZDEw.jpg
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✍️  The recent drop in Bitcoin's price has sparked debate about whether altcoin season is near, but altcoins have failed to rally, leading some to believe that investors are taking profits instead of moving into riskier assets.
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👉 Bitcoin's price briefly dropped to $112,000
👉 Major altcoins, including Solana, XRP, and Dogecoin, have declined
👉 Signals that have historically preceded an altcoin rally are present, including a drop in Bitcoin dominance and a surge in Ether
👉 The simultaneous decline in altcoins suggests that investors may be taking profits instead of moving further out on the risk curve

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#MichaelvandePoppe #Ted #MerlijnTheTrader #PeterBrandt #technology
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