Key Trends Affecting Bitcoin and Altcoins This Week

Krutika Adani

The Mood of the Market

The current markets have been sideways for a while, with crypto-specific action taking priority over broad rallies.

Bitcoin Price Action

The price of BTC has been consolidating for a while under its $72.3k ATH, indicating a continuation of sideways prices for a few weeks.

Ethereum Price Action

However, Ethereum has surged 30% in the last week and might break $4k in a few days. The rally might trigger an altcoin season too.

Altcoin Markets

Led by Ethereum, altcoin markets have been strong recently, with a market cap of $1.2 trillion. An altcoin rally would help increase their market dominance compared to Bitcoin.

Key Triggers

After ETFs and memecoins, the next key triggers for the markets are Fed rates, regulatory approvals, and ETF inflows.