{"id":163124,"date":"2021-06-11T01:00:05","date_gmt":"2021-06-10T19:30:05","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=163124"},"modified":"2021-06-10T15:03:28","modified_gmt":"2021-06-10T09:33:28","slug":"heres-what-cardano-doesnt-care-about-and-is-eager-to","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/heres-what-cardano-doesnt-care-about-and-is-eager-to\/","title":{"rendered":"Here’s what ‘Cardano doesn’t care’ about and is eager to…"},"content":{"rendered":"

For the past few weeks, Bitcoin has been the talk of the town, first thanks to Elon Musk, then because of its price. Though the market showed signs<\/a> of ‘extreme fear’, most retail traders were viewing this as an opportunity to ‘buy the dip’. Bitcoin’s price, at the time of writing, jumped around 6% (over 24 hours) to trade<\/a> just under the $37k mark.<\/p>\n

Though BTC<\/a> dominance dipped to a 41%, this was another indicator that altcoins could surge in the current market.\u00a0Dutch crypto trader and analyst Micha\u00ebl van de Poppe tweeted recently that the rate at which bitcoin was consolidating was ‘fine’. He further suggested that altcoins like Ethereum and Cardano would start surging once Bitcoin marks the bottom.<\/p>\n

\n

Still, #altcoins<\/a> against $BTC<\/a> are doing fine. Just consolidating.$ETH<\/a> and $ADA<\/a> are knocking the doors of the yearly highs and are eager to break through.<\/p>\n

I think they will once #Bitcoin<\/a> is bottomed.<\/p>\n

— Micha\u00ebl van de Poppe (@CryptoMichNL) June 8, 2021<\/a><\/p><\/blockquote>\n