Avalanche, polygon limited price bounce: Avalanche (AVAX) and polygon (MATIC) initially rose about 4% during the Asia trading session, but ended up lower over the past 24 hours. Generally, most altcoins underperformed bitcoin on Monday, indicating a lower appetite for risk among crypto traders. Source link … [Read more...] about Traders Brace for Higher Volatility, Altcoins Underperform
Underperform
Altcoins Underperform as Bitcoin Dips Below $48K
Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows at $52 million, CoinDesk’s Lyllah Ledesma reported. The prior week, bitcoin-focused funds saw $145 million of inflows. Meanwhile, SOL, the token of the blockchain-based smart contracts platform, saw inflows of $17 million. SOL is down 35% on the month after reaching an all-time … [Read more...] about Altcoins Underperform as Bitcoin Dips Below $48K
3 reasons why Ethereum may underperform Bitcoin in the short-term
Ether (ETH) price outperformed Bitcoin (BTC) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and since then, Ether has underperformed by 25%.Some might say it is a technical adjustment after a strong rally. While this … [Read more...] about 3 reasons why Ethereum may underperform Bitcoin in the short-term