Many Alts have had some sort of correction ranging between 30-50%, and BTC itself hasn’t had a significant correction yet in recent months, although it’s been making new ATH almost every week (though smaller gains).
It seems the recent rally can be tied to the US elections and Trump being pro-crypto and rumors of a BTC reserve. Would this be a buy the rumor & sell the news type of thing? Does Trumps inauguration signal the top for this bull run?
Along with this, recent MSTR tweets about their BTC accumulation and trying to convince Microsoft just doesn’t feel right… like as if there is way too much hype in the right now with everyone screaming about BTC going over $100k. The overall crypto market cap has already gone over 35% compared to last bull run. This is crazy especially during times of worldwide conflict and post covid recovery.
I’ve got a portfolio mix of 70% BTC , 15% LTC and 15% Algo. Clearly all the Alts have had a similar trend of corrections. Just contemplating whether it’s now time to rotate my BTC investment into altcoins.
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