Is Cryptocurrency Liquidity Shifting From Bitcoin to Altcoins?

Market watchers like FxPro analyst Alex Kuptsikevich have noticed a recent shift in the cryptocurrency market. Kuptsikevich told CoinDesk that Bitcoin (CRYPTO: BTC) investors are moving some of their assets into altcoins such as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL).At the same time, he concedes that the Bitcoin sales could be an early sign of the next crypto winter. So what's next for crypto investors -- another sectorwide selloff, or just a rebalancing of crypto investors' cash?Kuptsikevich based his analysis on the retreating Bitcoin price. As I'm writing this on the evening of Aug. 26, the largest crypto name has backed down 9.7% from its recent all-time peak. More specifically, Bitcoin is down 6% in the past 30 days while Ethereum gained 20.9% and Solana posted a milder 5.3% gain.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool