This weekend, Bitcoin and other major cryptocurrencies like Ethereum, XRP, Solana, and Avalanche manage to hold support relatively well, most likely because the stock market doesn’t trade on the weekends.
As mentioned in yesterday’s article regarding Bitcoin’s potential rebound, this weekend is critical for crypto markets.
After all, if the stock market is plummeting due to inflation, cryptocurrency markets are inherently immune to inflation since most altcoins feature a steady supply that doesn’t change.
While the market might look grim currently, for those brave enough to buy the dip, now is an excellent opportunity to accumulate undervalued tokens that could see significant price growth during the next bull run.
Another 5-6 months in a mostly bearish market shouldn’t be surprising, but those who hold through the bearish cycle will be rewarded with insane gains.