Bitcoin (BTC) has slightly retraced after an impressive run above $50,000 earlier this week. While the leading cryptocurrency tries to discover its current supports and resistances, altcoins might offer good risk-reward ratios.
In the meantime, expert traders discuss their expectations and investment thesis on the altcoin market. An altcoin is any cryptocurrency that is not Bitcoin and usually shows higher volatility.
Essentially, investors expect altcoins to outperform BTC in bull markets and underperform the leader in bear markets. The expert trader known as CrediBULL Crypto has commented on these dynamics.
In particular, he explained that an Altcoin rally is not necessarily when money rotates from Bitcoin to other cryptocurrencies. Instead, it is mostly fueled by a capital inflow to the whole market, causing larger price increases in smaller market caps.
No the initial alt rally is not necessarily fueled by a rotation out of BTC and into alts- rather it’s fueled by the influx of
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