CandleFocus ATOM, MEW, POPCAT lead daily gains, Bitcoin rally stalls despite bullish sentiment
2024-10-21
Author: Content Editor
Bitcoin's price dropped over 2.2% after reaching a monthly high, while altcoins like ATOM, MEW, and POPCAT saw modest gains. The overall cryptocurrency market capitalization decreased by 3%, and Bitcoin dominance also dropped. The slowdown in Bitcoin's rally suggests investors may be rotating funds into altcoins, indicating that the anticipated altseason may be approaching. However, BTC's rally may not be over yet, as Bitcoin exchange-traded products have experienced a surge in demand, and the upcoming US elections and macroeconomic factors could support Bitcoin's rally. If Bitcoin continues to trade sideways, attention may shift to altcoins. ATOM saw a 4.4% increase, MEW reached an all-time high, and POPCAT saw a 3.6% gain.
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