Markets – Altcoins Soar as Bitcoin Consolidates

Last week, I noted that “funding rates have reset, setting the stage for further upside.” After bottoming on Tuesday, markets rebounded sharply into the end of the week, with Bitcoin trading as high as $98,000. While Bitcoin consolidates, altcoins are exploding higher. Hedera (HBAR), IOTA, Ripple (XRP), and Algorand (ALGO) were the week’s biggest winners, soaring between 105% and 170%. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant