BTC ($95,808.95) price fell below $96,000 at the time of writing, with trading volumes continuing to weaken. Cryptocurrency enthusiasts have eagerly awaited a market recovery for nearly 100 days. While February typically represents a period of increasing upward momentum, the nightmare is not over as the month draws to a close. What do the experts say?
The State of Altcoins
A downturn began in mid-December, and liquidity in altcoins significantly dried up with Trump’s inauguration. For a month, we have witnessed useless tokens on the Solana $169 network defraud the market of billions. Just when it seemed that everything was turning around, the Bybit exchange faced one of the largest hacking incidents in history.
Nevertheless, Miles Deutscher remains optimistic, believing that the anticipated recovery in altcoins is about to commence.
“According to trading volume, the dominance of altcoins exceeded 50% again last week. This indicates that interest is returning to al…