On Tuesday, the market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable decline, dropping toward the $89,000 mark, its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within the past 24 hours.
However, despite this downturn, altcoins have exhibited significant stability when compared to the performance of BTC. Analysts from the Bull Theory have provided insights into why altcoins are holding strong during this period.
Bitcoin Dominance Falls
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In a recent social media post on social media site X (previously Twitter), the analysts asserted that the recent decline in BTC’s value was not characterized by typical selling pressure; instead, it is seen as a result of structured institutional selling.
This was reflected in negative flows from Coinbase and
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