Crypto Money Market Participants Altcoin seasonwaiting for it to start. However, analysts do not foresee great mobility in the short term. Ethereum $2,763.1‘s weak performance and investors are running to stablecoins by escaping the risk and prevent the recovery of Altcoins. The Altcoin Season Index declined to 45 and postpones the expectations. According to leading analysts such as rect Capital, Bitcoin for the market to gain a new momentum 
$97,645.2‘s dominance should exceed 70 percent.
Capital turned to stablecoins
Investors recently altcoinHe prefers stablecoins instead of s. Analyst Ali MartinezAccording to the market uncertainty, the capital is shifting from Bitcoin and Ethereum to stablecoins. This reveals the tendency to avoid risky investments. The total market value of stablecoins such as TETHER (USDT) and USD Coin (USDC) has recently reached record levels.
TETHER’s $ 113 billion investment in US treasury bonds stablecoinincreases the effect of the financial system. After Donald Trump’s election victory, the explosion in the stablecoin supply also draws attention. Experts say that this liquidity can return to the crypto money market in the future. However, for the time being, investors continue to search for a safe harbor.
Ethereum’s weak performance
Historically triggers of Altcoin seasons Ethereumthis time he cannot meet the expectations. ETH, which leads to defi and NFT trends in past Taurus runs, is now under pressure. The limited price mobility shifts the interest of investors to other layer 1 projects.
Crypto currency analyst Picolas CageEthereum should re -lead the Altcoins to recover. The fact that ETH cannot create a new trend for the time being negatively affects the Altcoin market. In addition, global developments, such as Trump’s additional customs duties to China, have led to a harsh wave in the crypto currency market.
In addition, it is necessary to note that the total market value of Altcoins decreased from 1.46 trillion dollars to $ 1 trillion at the beginning of February.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
