Market Breadth Widens as Inflows Continue, Eyeing Tomorrow's ETF Approval Window
Nov 8, 2023
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Market Breadth Expanding
The crypto market is exhibiting signs of increased breadth, particularly noticeable as altcoins, typically further out on the risk curve, begin to attract more interest. As illustrated in the data below, the total market cap for altcoins (including stablecoins) is advancing towards its previous year-to-date high.
ETH has not yet seen a substantial rally, but it appears to have established a potential near-term bottom against BTC. This stabilization is crucial ...