Altcoins surge higher as Bitcoin consolidates at $30,400 Bitcoinprice BTC crypto
- Altcoins stole the show in trading on Friday as Bitcoin's price continued to consolidate near the $30,000 support level, prompting many crypto traders to rotate into altcoins, which have historically seen price gains after a notable move in BTC.
Data provided by TradingView shows that Bitcoin climbed higher in the early trading hours, peaking at a daily high of $31,290 before reports emerged that the SEC said the recent spot BTC ETF applications were ‘inadequate’, which prompted a sell-off that dropped the top crypto to a daily low of $29,620. BTC has since climbed back above $30,400.
FUD exists to distract you in the short-term to sabotage your long-term investing goals$BTC #Crypto #bitcoin
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