Analyst John Glover stated that after the rise in Bitcoin (BTC), money will flow to altcoins.
John Glover, chief investment officer and analyst at crypto lending platform Ledn, said in an email that historically When Bitcoin price rises He said that the money coming in started to flow into altcoins.
John Glover also owns one or more spot Bitcoin exchange-traded funds. (ETF) The launch will take place in the cryptocurrency market the reason for the next bull He stated that it could happen.
Average of all cryptocurrencies except Bitcoin its value showing Total2, since the beginning of the year 28.9% Bitcoin exhibits upward performance 104% increase performed.
Bitcoin dominance, to 54% levels As we approach, the money entering the market since the beginning of the year Turns out it’s not small at all comes out. Many cryptocurrencies are more bullish than Bitcoin even if he lives situation It wasn’t the same for all.
Total2 only increased by nearly 29% Many cryptocurrencies have that you didn’t really perform shows clearly. In case the money entering the market flows into altcoins Cryptocurrencies with relatively small market caps It is thought that it may experience incredibly large increases.
According to CoinGecko data bitcoin, while writing From $33,950 is being traded.
