{"id":163210,"date":"2021-06-11T19:00:14","date_gmt":"2021-06-11T13:30:14","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=163210"},"modified":"2021-06-11T16:39:36","modified_gmt":"2021-06-11T11:09:36","slug":"is-this-a-good-time-to-swap-your-altcoins-for-bitcoin","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/is-this-a-good-time-to-swap-your-altcoins-for-bitcoin\/","title":{"rendered":"Is this a good time to swap your altcoins for Bitcoin?"},"content":{"rendered":"

The cryptocurrency frenzy has hit its community members hard, without any signs of settling down soon. Both Bitcoin, as well as the market’s altcoins, have suffered massive corrections of late.<\/p>\n

Talking about the former first, it has fallen by over 40% since the time it hit an ATH in April. However, by the looks of it, these dark ominous clouds may have settled, at least for the moment. The same was highlighted by on-chain analysis platform<\/a> Santiment,<\/p>\n

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Source: Santiment<\/a><\/figcaption><\/figure>\n

The following can be summarized here, “Bitcoin whales aren’t slowing down their accumulation of <\/span>BTC<\/span>, and the uptrend of tokens held by these addresses holding 1,000+ <\/span>BTC<\/span> continues. This is a strong bode of confidence for <\/span>bulls<\/span>, seeing top key stakeholders are increasing their bags.”<\/span><\/p>\n

While Bitcoin has surged, however, the market’s altcoins painted a slightly different picture. Here’s why,<\/p>\n

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#Bitcoin<\/a> has jumped back over $36,000 today, while #Ethereum<\/a> and #altcoins<\/a> are staying flat. As a result, crowd interest in $BTC<\/a> has spiked back up to 3-week highs, according to @santimentfeed<\/a> data. https:\/\/t.co\/MkC3HZapM2<\/a> pic.twitter.com\/TQdM8zWTKG<\/a><\/p>\n

— Santiment (@santimentfeed) June 9, 2021<\/a><\/p><\/blockquote>\n