Global #Altcoins

Altcoins have garnered significant attention over the past week, driven by Ether’s (ETH) 25.9% gain during this period. Traders and crypto enthusiasts are anticipating the onset of altseason, especially after analysts observed a recent increase in the total market capitalization of altcoins, nearing a critical resistance level.

Bitcoin (BTC) has seen a rise of over 8% this week, indicating continued interest from buyers even at lower price levels.

Lookonchain, a cryptocurrency analysis platform, has observed increased whale activity in certain altcoins recently.

The price of bitcoin suddenly collapsed, falling 3.5% in a single day. However, most popular altcoins had even worse luck.

Following many days of precipitous declines, the price of bitcoin had a roughly two-fold boost following the Federal Reserve's decision not to raise interest rates, but it promptly declined again.

The majority of Polygon's [MATIC] profits from 2023 and early 2024 have been lost. Will the losses be recouped?