The Bitcoin spot ETF approval could have sparked an altcoin rally, with other cryptocurrencies outperforming the leader Bitcoin (BTC). With an institutional focus on BTC, the cryptocurrency market opens the door for what might be an altcoins’ weekend.
In particular, traditional institutions only work on weekdays, and ETFs are not exchanged on weekends. Therefore, self-custody cryptocurrency investors could migrate their focus to assets unrelated to Wall Street action — the altcoins.
Notably, Bitcoin market cap dominance rose from 51% on December 28 to over 55% on January 9 in the expectation of the spot ETF approval. However, it immediately dropped following the news, currently at 52.20%, signaling an ‘altseason.’
Bitcoin Dominance Index (BTC.D). Source: TradingView
Nano (XNO) is the most trending word in the market
The first altcoin to watch is Nano (XNO), which has been in the market’s spotlight in the last 24 hours. Surprisingly, the word ‘nano’ outperformed Bitcoin sp
We współpracy z: https://finbold.com/trending-altcoins-to-watch-this-weekend/
