Thing

Bitcoin ETF

Bitcoin

<p>The cryptocurrency market has witnessed a shift in the past three months, with altcoins losing up to 70% of their value against Bitcoin. Delays in updates and a general lack of confidence in the altcoin market have further exacerbated this bearish sentiment. Some altcoins have even been stuck in a three-year bear market.</p>
<p>In a recent <a href="https://x.com/CryptoMichNL/status/1791773419303743824" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, prominent analyst Michaël van de Poppe shared why investing in altcoins is now the best thing to do.</p>
<h2 class="wp-block-heading" id="the-altcoin-cycle-bitcoin-ethereum-and-the-rest">The Altcoin Cycle: Bitcoin, Ethereum, and the Rest</h2>
<p>The altcoin cycle typically follows a specific pattern: Bitcoin moves first, followed by Ethereum, and then large caps, mid caps, and small caps. During recent market movements, this cycle has remained constant. The hype surrounding the Bitcoin ETF fueled the substantial growth of altcoins alongside Bitcoin from October 2023 to January 2024.</p>
<h2 class="wp-block-heading" id="the-impact-of-the-bitcoin-etf-launch">The Impact of the Bitcoin ETF Launch</h2>
<p>However, the launch of the Spot Bitcoin ETF marked a turning point. Crypto-native investors recognized the influx of traditional finance liquidity into Bitcoin and shifted their focus to maximize returns.</p>
<p>As a result, many investors swapped their altcoins for Bitcoin, contributing to the current weakness in the altcoin market.</p>
<h2 class="wp-block-heading" id="ethereum-s-struggle-and-its-implications">Ethereum’s Struggle and Its Implications</h2>
<p>Ethereum has been facing its own challenges, with the prospects of an ETF approval looking bleak.</p>
<p>The classification of Ethereum as a security or not will have implications for the broader altcoin market. If Ethereum is not deemed a security, it could pave the way for many other projects to avoid the same classification.</p>
<h2 class="wp-block-heading" id="upcoming-events-to-watch">Upcoming Events to Watch</h2>
<p>Several key events are on the horizon that could impact the altcoin market:</p>
<ol>
 <li>Ethereum ETF approval/delay/denial on May 23rd/24th for two ETFs.</li>
 <li>Ethereum Foundation court case and SEC’s stance on Ethereum ETF applications.</li>
 <li>The FIT21 bill, a bipartisan regulatory framework for crypto, to be voted on in the U.S. House in May or early June.</li>
 <li>The conclusion of the <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> lawsuit, with final deadlines for feedback approaching.</li>
</ol>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="market-sentiment-and-opportunity">Market Sentiment and Opportunity</h2>
<p>Currently, the market appears to be pricing in the worst-case scenario, anticipating a denial of the Ethereum ETF. However, this pessimism may be creating an opportunity for investors.</p>
<p>Just as insiders likely kept prices low prior to the FTX crash, the current negative sentiment surrounding altcoins may be setting the stage for a rebound.</p>
<h2 class="wp-block-heading" id="the-rotation-from-bitcoin-to-altcoins">The Rotation from Bitcoin to Altcoins</h2>
<p>As the hype surrounding the Bitcoin ETF unwinds and investors seek new opportunities, a rotation from cash and Bitcoin towards altcoins is beginning to take place. Investors are starting to recognize the potential upside in altcoins, despite their higher risk profile.</p>
<p>Ultimately, the best investments are often made during periods of least certainty. While altcoins have dropped in the past three months, they have also demonstrated the potential for incredible returns, sometimes exceeding 1,000%.</p>
<p>As Ethereum begins to awaken from its slumber, the altcoin market may be poised for a resurgence in the coming months. Despite the uncertainty, now may be the ideal time to invest in altcoins.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/crypto-analyst-who-sold-all-his-bitcoin-btc-says-investing-in-altcoins-is-the-best-thing-to-do-now/" rel="noopener noreferrer nofollow">Crypto Analyst Who Sold All His Bitcoin (BTC) Says Investing in Altcoins Is the ‘Best Thing to Do Now’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst Who Sold All His Bitcoin (BTC) Says Investing in Altcoins Is the ‘Best Thing to Do Now’

Table of Contents

CaptainAltcoin

Other articles published on May 20, 2024

SOL Soars, FTM Falls, LINK Holds: Top 3 Altcoins to Watch

BingX Marks Sixth Anniversary with Comprehensive Global Expansion Strategy

SEC to Decide on Spot Ethereum ETF: Bullish Hopes Meet Rejection Fears

Here’s when XRP could hit $1

Bitcoin Faces Unexpected Downward Correction After Strong Performance

Digital Asset Inflows Surge to $932M After CPI Report

Join our free newsletter for daily crypto updates!