bullish

Bitcoin

Altcoins have lagged Bitcoin throughout the year, weakened by ongoing regulatory uncertainty, according to a report by K33 Research, which noted that the upcoming U.S. election results have increased the importance of smaller cryptocurrencies compared to Bitcoin.
“Bitcoin’s characteristics and widespread availability allow it to thrive in the medium term, regardless of the US election result,” said K33 Research analysts Vetle Lunde and David Zimmerman. “For altcoins, the election is a more sensitive issue.” The path forward for altcoins will likely depend more on the election results than on Bitcoin’s path, the analysts explained.
Related News: <a href="https://en.bitcoinsistemi.com/will-the-big-altcoin-season-start-after-the-us-elections-analysts-share-what-they-expect/" target="_blank" rel="noopener noreferrer nofollow">Will the Big Altcoin Season Start After the US Elections? Analysts Share What They Expect</a>
While Bitcoin’s dominance has increased in recent months, Coinbase’s head of research David Duong believes the election could be a turning point for altcoins to catch up. “I expect Bitcoin’s dominance to start plateauing here because altcoin names will probably come to the forefront more because of the election and people will be more interested in them,” Duong said in an interview.
He noted that the elections could act as a catalyst for crypto prices, but broader macroeconomic conditions will also play a major role in the market’s progress. “I would actually say I’m pretty bullish on probably the first half of Q1 2025, partly because we’re in a very strong macro environment, which I think is very positive,” Duong said. He expressed his belief that regardless of who wins, the cryptocurrency market as a whole will benefit from the elections.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/when-will-altcoin-season-come-two-analysts-share-their-thoughts/" rel="noopener noreferrer nofollow">When Will Altcoin Season Come? Two Analysts Share Their Thoughts</a>

When Will Altcoin Season Come? Two Analysts Share Their Thoughts

Bitcoin Sistemi EN

Other articles published on Nov 6, 2024

Bitcoin Price Surges as Altcoins Gain Momentum

What Are Trump’s Crypto Commitments for 2024?

Is Bitcoin Set to Soar Even Higher?

Crypto community celebrates Trump’s election victory

Trump’s Victory: A New Chapter for U.S. Crypto Industry

SHIB Lead Developer Presents Ambitious S.H.I.B. Proposal for U.S. Government

Join our free newsletter for daily crypto updates!