bullish

Bull Market

Bitcoin

when

<ul class="wp-block-list">
  
 <li>Bitcoin typically consolidates on weekends during bull markets, allowing altcoins to rally.</li>   
 <li>CME futures reopening often brings renewed momentum to Bitcoin’s price action.</li>   
 <li>Altcoin rallies thrive on Bitcoin’s pauses, reflecting a cyclical market dynamic.</li> 
</ul>   
<p>The overall trading behavior of Bitcoin has been dull during the weekend especially in light of the overall increased activity of the altcoin market. As market researchers have noted well, such behavior is quite typical given the fact that the observed activity takes place in the context of a strongly bullish market, and as such, it may well be indicative of the process of price formation. In the past, the same dynamics were also observed in 2021: Bitcoin would stagnate, and a number of altcoins would increase their value, especially at the weekend.</p>   
<h2 class="wp-block-heading" id="h-weekend-trends-indicate-bull-market-activity">Weekend Trends Indicate Bull Market Activity</h2>   
<p>The current phenomenon is typical for the previous epochs of a bull market, as Bitcoin regularly decreased its activity on the weekend, only for altcoins to try to take advantage. During such phases, <a href="https://cryptonewsland.com/bitcoin-could-reach-180000-as-vaneck-sees-strong-demand-and-policy-shifts/" target="_blank" rel="noreferrer noopener">Bitcoin</a> holds as traders rotate to small-cap altcoins that are often more volatile than Bitcoin and generally, post larger percentage movements. This is a classic case of Bitcoin influencing the altcoin market due to alternating optimism which characterizes both markets.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/DaanCrypto/status/1860594704678862912 
 </div>
</figure>   
<p>The bull market of 2021, Saturday used to turn green with altcoins while Bitcoin and other such coins would take a breather. This caused altcoins to surge by short copy in both a speculative mania based on memes and short squeeze and by renewed interest in decentralized finance (DeFi) and layer-2 solutions.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-cme-futures-and-restarting-prices">CME Futures and restarting Prices</h2>   
<p>The low trading activity is also attributed to the weekend trading outcomes as well as the CME Bitcoin futures’ trading, which is normally closed. Expecting the <a href="https://cryptonewsland.com/bullish-bitcoin-breaks-90k-will-the-76k-cme-gap-lead-to-a-retracement/" target="_blank" rel="noreferrer noopener">CME </a>markets to reopen on Sunday evening, future’s trading of bitcoin and other cryptocurrencies may gain particular momentum, and thereby affect the general procurement of the leading cryptocurrencies such as Bitcoin.</p>   
<p>Arbitrage between Bitcoin and altcoins is also another factor that traders in altcoins should consider. Whenever Bitcoin dominance is high, altcoins always perform low. Anything above $400 when CME futures are back in business can either extend the altcoin rally or bring focus back to Bitcoin depending on market direction.</p>   
<p>Bitcoin’s correction over the weekend is well within the standard operating procedures of bull markets based on which altcoins tend to perform well during periodic bouts of Bitcoin indifference.</p> 
<p>The post <a href="https://cryptonewsland.com/cme-futures-reopening-will-it-rekindle-bitcoins-momentum/">CME Futures Reopening: Will It Rekindle Bitcoin’s Momentum?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

CME Futures Reopening: Will It Rekindle Bitcoin’s Momentum?

Table of Contents

Crypto News Land

Other articles published on Nov 24, 2024

Polkadot Shows Significant Growth Above $8, Signaling Price Momentum

Polkadot Surges Past $8 Mark

Federal Reserve Expands Hedera (HBAR) and XRP Integration for RLUSD Payments

Top Cryptos Under $1 That Could Make You the Next Big Investor

Gaming Tokens Rebound 28% to $5.71B as SAND, APE, and AXS Lead Bull Surge

Survival of the healthiest: How to create a successful crypto | Opinion

Join our free newsletter for daily crypto updates!