Altcoin market resilience signals ‘potential regime change’ — Analysts
Crypto investors might be shifting their mindset and may not always turn to Bitcoin as a haven during market uncertainty, Bitfinex analysts suggest.
Altcoins have remained fairly strong despite Bitcoin’s recent downturn, suggesting investors might be adjusting how they safeguard their capital during market uncertainty, analysts say.
“The shift hints at a potential regime change where investors are exploring value in altcoins, diverging from the typical pattern of flocking to Bitcoin during downturns,” analysts from crypto exchange Bitfinex said in a Sept. 9 report.
“Altcoin markets have shown resilience,” it added.
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Author: Ciaran Lyons
