Bitcoin continues to play a central role in the crypto market with its dominance standing at 63.3%. Recently, JP Morgan's move to accept crypto ETFs as collateral for loans highlights a significant shift in institutional attitudes toward cryptocurrency. As altcoins await a breakout after over 1300 days of consolidation, the global crypto market cap has dipped slightly to $3.3 trillion, with daily trading volume reduced by 3.55% to $101.76 billion. The Fear & Greed Index currently reads at 55, indicating a balanced sentiment among traders.
The recommended approach for investors is to focus on preserving capital while selectively accumulating assets. This strategy includes:
1. **Follow Bitcoin** - With BTC at multi-year dominance levels, it serves as an essential benchmark. Investors should look to maintain positions above $82,600 while treating price dips, particularly in the $93,000 to $95,000 range, as opportunities for buying rather than panic.
2. **Evaluate Altcoins** - Altcoins are showing signs of prolonged consolidation below their past highs, with weaker signals for an altcoin season. While high-potential coins like $ETH, $SOL, $TAO, and $PEPE are notable, caution is advised against low-cap and meme coins unless a strong momentum is present.
Experts suggest that holding Bitcoin during this time can provide a solid foundation for long-term investment strategies, while actively monitoring market conditions can help identify the right moments for additional altcoin investments.
The recommended approach for investors is to focus on preserving capital while selectively accumulating assets. This strategy includes:
1. **Follow Bitcoin** - With BTC at multi-year dominance levels, it serves as an essential benchmark. Investors should look to maintain positions above $82,600 while treating price dips, particularly in the $93,000 to $95,000 range, as opportunities for buying rather than panic.
2. **Evaluate Altcoins** - Altcoins are showing signs of prolonged consolidation below their past highs, with weaker signals for an altcoin season. While high-potential coins like $ETH, $SOL, $TAO, and $PEPE are notable, caution is advised against low-cap and meme coins unless a strong momentum is present.
Experts suggest that holding Bitcoin during this time can provide a solid foundation for long-term investment strategies, while actively monitoring market conditions can help identify the right moments for additional altcoin investments.
