Ahmet Bedirhan Arvas 
As the Bitcoin price remains stable, investors are turning to alternative cryptocurrencies. The U.S. employment data is impacting the dollar, and Bitcoin’s stable stance is gaining attention. According to data from Cointelegraph Markets Pro and TradingView, the market’s reaction to U.S. inflation data has led investors to turn to risky assets.
The data suggests that there is almost zero probability of a rate change in the upcoming Fed meeting. While the U.S. Dollar Index (DXY) experiences significant volatility, gold has dropped by 0.8 percent. However, Bitcoin has demonstrated stability, with analysts noting its ability to maintain support around $43,000.
It May Attract Your Attention: FTX Has Made a New Altcoin Transfer
On the other hand, the increasing liquidity is drawing attention to the growing interest in altcoins. Investors in altcoins like Ether and SOL are acting on expectations of the return of the “altcoin season.” Analysts highlight that while Bitcoin consolidates, Ether is gaining more momentum.
Matthew Hyland expresses that Bitcoin remains strong, and Daan Crypto Trades points out significant liquidity areas, noting the increased interest in altcoins. Michaël van de Poppe suggests that with Bitcoin consolidating around $43,000, Ether will gain more momentum, making the coming months exciting for altcoins.
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