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Dogecoin Leads Gain, Bitcoin Pops to $114K as M2 Setup Opens BTC Catchup Trade🟢
What to know:
Bitcoin traded around $114,200, up 2.4% over 24 hours, amid a significant macroeconomic week.
Ether, XRP, BNB, and Solana's SOL also saw gains, with Dogecoin leading with a 5% daily increase.
Analysts note Bitcoin may be undervalued compared to U.S. M2 growth, suggesting potential for future price increases.
What to know:
Bitcoin traded around $114,200, up 2.4% over 24 hours, amid a significant macroeconomic week.
Ether, XRP, BNB, and Solana's SOL also saw gains, with Dogecoin leading with a 5% daily increase.
Analysts note Bitcoin may be undervalued compared to U.S. M2 growth, suggesting potential for future price increases.
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Altseason index hits highest level this year: Here’s what traders think
Social media hype over crypto altseason is ramping up again this week as altcoin market indicators have reached their highest levels this year.
Both the Blockchain Center and CoinGlass’ altcoin season index show a score of 76 out of 100, while CoinMarketCap’s altseason indicator is slightly lower at 67, though all three show they’re at their highest levels since December.
The Blockchain Center criteria for altseason are if 75% of the top 50 crypto assets have performed better than Bitcoin over the last 90 days.
Altseason is seen as a period in each bull market where altcoins make meteoric gains compared to Bitcoin. However, the timing of this year has been hard to pin down. 🟢
Social media hype over crypto altseason is ramping up again this week as altcoin market indicators have reached their highest levels this year.
Both the Blockchain Center and CoinGlass’ altcoin season index show a score of 76 out of 100, while CoinMarketCap’s altseason indicator is slightly lower at 67, though all three show they’re at their highest levels since December.
The Blockchain Center criteria for altseason are if 75% of the top 50 crypto assets have performed better than Bitcoin over the last 90 days.
Altseason is seen as a period in each bull market where altcoins make meteoric gains compared to Bitcoin. However, the timing of this year has been hard to pin down. 🟢
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Guys sorry to say Due to technical issue stream live nh ho pa rhi.. milte hai Resolve ke bd.
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🟡if Inflation up → crypto seen as hedge (long-term positive).
Fed raises rates to fight inflation → crypto often drops (short-term negative).
Fed raises rates to fight inflation → crypto often drops (short-term negative).
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