Cryptocurrency analytics firm Alphractal has released a market update highlighting trends in the Bitcoin and altcoin markets. They noted that mining stocks, which usually correlate with the price of Bitcoin, have recently seen a decline. This correlation shift has historically preceded significant swings in Bitcoin price. Alphractal also mentioned that altcoins are facing bearish conditions, with a large portion trading below their moving averages and lower Bollinger Bands, suggesting potential oversold conditions. The report does not provide investment advice.



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