What's wrong with Altcoins?

Greetings to all of steem Alliance community and whole steemit friends! I am hoping all is fine with everyone. I anticipate the same thing from each and every one of you, too. I pretty much know that many of you have questions in mind about how cryptocurrencies have been performing lately.

The value of altcoins has declined by 50% in the last month. Bitcoin, on the other hand, has only dropped by roughly 8–10% and less. The variation surprises and worries many investors with money invested in the cryptocurrency world .

Today i am going to enlighten it fundamentallly what's the reason.

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Nowadays, altcoins are extremely bearish. Looking back, when alt prices were at this stage, BTC was at $34,000 approx or down. So, what's wrong with alts coins? Why are altcoins down and not bullish? This trend is puzzling, leaving many investors concerned.

Here is possible reason………,

• Bitcoin and Etereum ETF Approval

The main reason behind this scenario is the rumor and subsequent approval of Bitcoin ETFs and Ethereum.

How? So te answer this question is that It's common sense that everyone believed that after the approval of Bitcoin and Ethereum ETFs, their prices will sooner or later skyrocket.

So majority of investors invest in Bitcoin and Ethereum based on fundamentals even if the have lack of technical expertise. As a result, capital go toward Bitcoin while neglecting altcoins. Moreover, a lot of traders start concentrating on Bitcoin, decreasing their investments in altcoins.

Due to lower demand and liquidity than Bitcoin, this alteration has a negative effect on altcoin pricing which is mention in the above crypto bubble. All things considered, the expectation and ultimate approval of Ethereum and Bitcoin ETFs promote an optimistic attitude surrounding these cryptocurrencies, greatly impacting investor behavior and market dynamics.

• What should we expect from Altcoin, is there will be altcoin season ?

What can we anticipate from altcoins? Is a season dedicated to altcoins approaching? Another alternative season might, in my opinion, result in gains of up to 40%.

June, July, and August, in my opinion, might not be good months for the cryptocurrency market, particularly for altcoins. Positively, I believe that September will give the market as a whole some good impetus.

Remain strong and never give up; there will always be better days ahead. Are you enduring this difficult time with strength? Recall for a movement that better times are coming!

Disclaimer: Dear friends this is my personal opinions expressed in this post and personal viewpoints and not financial advice. Cryptocurrency investments carry risks, including potential loss of capital. Be always careful . Happy crypto journey.