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Bitcoin vs. Altcoins: A Battle for Dominance Heats Up This Week

Published 03/25/2024, 05:06 PM
Updated 03/25/2024, 05:15 PM
© Reuters.  Bitcoin vs. Altcoins: A Battle for Dominance Heats Up This Week
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  • Michael van de Poppe thinks the altcoin market will continue to rally in the coming months.
  • According to Poppe, the coming rally will coincide with a consolidation in Bitcoin price.
  • Altcoins’ total market cap (Total 3) has maintained a classic uptrend since October last year.

Renowned cryptocurrency analyst Michael van de Poppe thinks the altcoin market will continue to rally into the coming months despite a recent correction. In a recent post on X, Poppe noted the coming rally will coincide with a consolidation in Bitcoin price.

Poppe used a screenshot of the “Total 3” weekly chart on TradingView to explain his analysis. It is a chart containing data on the total market cap of all cryptocurrencies, excluding BTC and ETH. The shared data showed that Total 3 is on an uptrend and recently formed a swing-high of $788.9 billion.

Meanwhile, Poppe’s screenshot reflected a pullback in the metric that saw it attempt …

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