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Reading: These four altcoins could be ready for an up-move if Bitcoin rallies above $27,500 By Cointelegraph
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LazyTrader > Insights > Stocks > These four altcoins could be ready for an up-move if Bitcoin rallies above $27,500 By Cointelegraph
Stocks

These four altcoins could be ready for an up-move if Bitcoin rallies above $27,500 By Cointelegraph

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© Reuters.

Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021.

Fred Pye, CEO of 3iQ, Canada’s first fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors and portfolio managers have started to take a look at it as “a serious venue.”

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
XRP/USDT 4-hour chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
LTC/USDT 4-hour chart. Source: TradingView
RNDR/USDT daily chart. Source: TradingView
RNDR/USDT 4-hour chart. Source: TradingView
CFX/USDT daily chart. Source: TradingView
CFX/USDT 4-hour chart. Source: TradingView