Bitcoin’s Recovery and the Potential Upsurge of Altcoins

The king of cryptocurrency rebounded quickly this year, with the price increase reaching 100% after hitting bottom last year. However, the same cannot be said for most altcoins. When to Buy Cryptocurrency? In fact, many cryptocurrencies have plunged to or even below last year’s dip levels due to the SEC’s aggressive action in early June. Currently, a series of factors suggest that we could see prices surge sharply in the coming months. The approval of a Bitcoin ETF could not only explode the price of Bitcoin but also potentially trigger significant increases in the prices of other cryptocurrencies in the coming weeks. Furthermore, when compared to 2019, 2023 has many similar aspects. Just like in 2019, there’s a possibility of seeing a significant rise in altcoins before the end of the third quarter of 2023. On the other hand, if the Fed passes on raising interest rates at the end […] The post Bitcoin’s Recovery and the Potential Upsurge of Altcoins appeared first on COINTURK NEWS.