Summary
Altcoins like Solana (SOL), Avalanche (AVAX), and Internet Computer (ICP) have been outperforming Bitcoin and Ethereum, indicating that investor interest is expanding beyond the largest cryptocurrencies. The market capitalization of crypto assets has increased from $1.61 trillion to $1.74 trillion in one week. SOL has risen 27% and AVAX is up over 25% in a week. Bitcoin is up nearly 10% and trading above its 50-day moving average. The US Federal Reserve is expected to keep interest rates unchanged, and a dovish move could have a positive impact on Bitcoin.
Key Points
1. Altcoins have outperformed Bitcoin and Ethereum, indicating that investor interest is expanding beyond the largest cryptocurrencies.
2. The US Federal Reserve is expected to keep interest rates unchanged, and this dovish move could potentially have a positive impact on Bitcoin.
3. Solana (SOL), Avalanche (AVAX), and Internet Computer (ICP) are leading the recovery in the crypto market, with SOL rising 27% and AVAX up more than