Why is My Altcoin Portfolio Calm When Bitcoin is Booming?

Bitcoin has pumped over $60k today, meaning it has surged nearly 20% just this week. With Bitcoin’s all-time high around $69k, the top cryptocurrency is knocking on the door of record levels once again.

Multiple factors are fueling Bitcoin’s latest rally, chiefly recent Bitcoin ETF approvals allowing major institutions like BlackRock and Fidelity to pour millions into BTC.

However, while Bitcoin booms, many traders’ altcoin portfolios remain oddly stagnant. As a trader and investor myself, I certainly feel some frustration when my holdings lag while Bitcoin erupts. Why is my portfolio so calm?

The reason is straightforward – the majority of liquidity and market focus is currently laser-focused on Bitcoin and, to some degree, Ethereum. Bitcoin’s upcoming halving in April and potential Ethereum ETF approvals in May have the market’s attention. Capital is flooding into blue-chip cryptos.

So we may need to wait for Bitcoin to cool somewhat before altcoins can mount any major uptrends. Once institutional and retail interest broadens beyond BTC, we should see altcoins play catch up.

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Some major altcoins underperforming Bitcoin’s recent rally include DOT, INJ, SHIB, DOGE, BEAM, FIL and many more. But altcoin holders must remain patient. Flows should eventually rotate back into the broader crypto market if history is any lesson.

For now, enjoy Bitcoin’s resurgence even if your holdings aren’t pumping. Take profits if you can, but keep the faith that altseason will come.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!