Altcoin Market Stabilizes After Harsh Q1, Ethereum Leads Recovery Efforts
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- Analyst Van de Poppe says Q2 shows more altcoin stability after harsh Q1 losses.
- Altcoin bulls faced $1 billion in long liquidations due to overleveraged positions.
- Bitcoin is seen as an institutional asset, altcoins are still viewed as speculative..
Michaël van de Poppe, a crypto analyst, explained to investors that the dips are not unusual. Although there were considerable losses for altcoins in January to March this year, van de Poppe states that stability is increasing in the current quarter.
Meanwhile, Ethereum has performed strongly, showing remarkable increases. According to the analyst, altcoins are likely to improve further in the upcoming quarter, which could indicate potential recovery for the broader market.
Altcoins Stabilize After Harsh Q1, Ethereum Shows Strength
Many altcoins struggled during the first quarter, …
The post Altcoin Market Stabilizes After Harsh Q1, Ethereum Leads Recovery Efforts appeared first on Coin Edition.
2d ago•
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