Bitcoin is recovering from where it fell. While BTC is trying to hold on to the critical support, the bottoms are rising.
Bitcoin could not hold on to the critical support, the bottoms got excited!
Leading crypto Bitcoin rises from $ 46 thousand to $ 50 thousand. However, when the bulls struggled to raise BTC above $50,000, double-digit increases were seen in altcoins, especially ADA and MATIC.. This can be explained as taking profits or switching to other coins.
The return of BTC seems to have been interrupted, especially with the 18% rise of ETH on May 14.
Glassnode data shows that for the largest altcoin location ETH, the number of wallets holding at least 32 ETH has been falling steadily in recent months.. This shows that fewer and fewer people are now eager to become the upcoming “Proof-of-Stake” validator.
Altcoins pump
The debate continues over whether the market is officially experiencing an altseason. doing. However, the fact that traders have reduced the Bitcoin dominance rate by focusing on altcoins rather than Bitcoin stands out as an important proof that altcoin season is underway. up 60% per hour and hit a new ATH top of $1.75. Likewise, Cardano (ADA) coin has also reached the level of $2.19, becoming another coin that has achieved a new ATH peak in the last 24 hours.
The total crypto market cap increased to $2.307 trillion, while the BTC Dom rate was 40.3%.
Live BTC price: $ 21,179.00
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