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.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

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.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

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!

CaptainAltcoin
Logo