AltCoins Are Going Down When Bitcoin Hit Its All-Time High | When Alts Season?

Since we hit the last all-time low ($15.5k) in the crypto market (November 2022), BTC has been going upwards. As soon as Bitcoin started recovering, it finally broke its all-time high (ATH) in March 2024 and it is still ranging around $68k-$73k.

But in this time of Bitcoin recovery, Altcoins are not enough pumped if we compare it with BTC. In a way, Altcoins are getting into downtrends though Bitcoin is pumping. You may notice if Bitcoin goes 4-5% up Alts gets stable or pump a bit. On the other sight, If Bitcoin falls 4-5%, Alts falls 10-30% even more. And it has been happening since the last bear season.

Altcoins

If you are in crypto for a while you may hear a difference between Bitcoin and Altcoins.

So every coin in the crypto market excluding Bitcoin is an Altcoin. And yes Ethereum is also included. You can check Altcoins market data named Total2 On Tradingview.

The Total Crypto market cap is $2.25 Trillion today. Bitcoin has the largest market cap in crypto with $1.35T on the other hand Total2 (Alts) has only $900 Billion. Now you can compare Bitcoin with altcoins and that's why BTC is different from all other cryptocurrencies.

Why Altcoins Are Not Pumping

it's 2 years now since we passed an all-time low and Bitcoin is its ATH, but Altcoins are not moving as expected. Every altcoin holder is worried and losing patience in the crypto market. Because alts holders are waiting for too long for alts rallies but alts are taking corrections every time with BTC movement.

If we talk more about altcoin holder's current situation, every altcoins holders are in 70-80% loss. Many holders are taking exit from altcoins holding after losing hope. So generally it is very tough if you are holding your alts in this situation.

Here are some most common reasons why Altcoins are not pumping though BTC hits an all-time high.

BTC Dominance Pumping

The easy and straight reason for Altcoin's downfall is BTC Dominance is pumping. BTC Dominance is Bitcoins total market cap and simply it is pumping.

So investors are investing in crypto but major investors are investing their money in Bitcoin, escape altcoins. If BTC Dominance stays stable then altcoins start pumping. And If BTC dominance pumps then money flows into BTC and alts go down. Because they are selling their altcoins to buy Bitcoin.

And now if you notice BTC dominance, it is just pumping. That's why Bitcoin is pumping and altcoins are not.

Insufficient Liquidity

If you compare the crypto market with the Indian or US stock market, the Crypto market has a very low market cap($2.24T). That means the crypto market doesn't have enough liquidity to perform well. And most of the liquidity has diverted into BTC.

So altcoins don't have much liquidity for movement. This is possible if retail inverters take an interest in altcoins also in start investing.

Market Conditions (News)

If you are an old crypto investor you may have noticed sudden movements on the market. And in most cases the reason behind it is News.

In the last 2 years, we have faced many things like US reseason, CPI data, interest rate hick, and war that proved a disaster for the market. In these situations, investors like to sell off their holdings to stay safe and survive in bad situations. So they sell their Cryptos.

When Altcoins Will Pump?

As everyone knows we have already entered in the Bullrun. Although Altcoins are losing against BTC we shouldn't lose our hope. Because the market always checks the patience of every investor and the market pays those who can survive till the end.

History always repeats, at least in the Crypto market. You can go into history and check that the market had the same situation before the pump. It is also happening this time also.

We don't have to wait any longer because it is the time. It is okay if we don't see a rally in Altcoins in November or December 2024, but we can expect the Alts rally to start in February 2025. And everything gonna change this time. At last, if you are an altcoin holder Just stay patience.

Why Altcoins Are Not Pumping For 2024-25 Bull Run - CoinKiddy