In light of developments in the US stock market, an experienced trader has predicted tough times ahead for the altcoin market, pointing to a pressing market phase for crypto assets outside of Bitcoin $88,353. The trader expressed concern that sudden price movements in memecoins could negatively impact the overall market.
Market Analysis
Known by the pseudonym “The Flow Horse,” the analyst noted that the current price fluctuations are occurring in correlation with artificial intelligence and technology stocks. It was emphasized that investors should remain cautious amidst these market fluctuations.
The Flow Horse: “Significant trend changes are being observed in stocks such as Palantir, Microstrategy, Walmart, Microsoft, Coinbase, Meta, Tesla, and NVIDIA. Satya Nadella’s do…
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