Beyond Bitcoin: 3 Altcoins Expected to Explode During the Bull Run

The crypto market has grown momentum in the past few days, with market leader Bitcoin ($BTC) leading the charge. While Bitcoin continues in its stride, numerous altcoins are expected to surge during the bull run, positioning themselves as worthy investment options.

Bitcoin ($BTC) Asserts its Position as Market Leader

Bitcoin has faced months of sideways price action but is finally breaking out. In the past week, $BTC has gained over 11.8%, currently trading at $67,859. Market sentiment appears to have changed as the Crypto Fear and Greed Index now rates market sentiment at 73 (greed) as opposed to last week’s reading of 32 (fear).

The US elections will soon take place, and many market onlookers wonder whether the outcome will affect the crypto market, given each candidate’s opposing views on crypto.

Blackrock CEO Larry Fink recently commented on Bitcoin’s growing legitimacy as an investment, comparing Bitcoin to commodities such as gold. Fink declared:

“I’m not sure if either president would make a difference” on Bitcoin’s growth,” adding, “I don’t believe [Bitcoin’s rise] is a function of regulation.”

Fink’s views are refreshing coming from a Wall Street leader. Wall Street hot-shot such as Jamie Dimon has been vocal and dismissive of Bitcoin for a long time, making Fink’s remarks all the more favourable. Fink appears to understand that political outcomes do not change Bitcoin’s long-term performance and that it thrives on its technical merits rather than regulatory changes.

However, ChangeNOW CMO Pauline Shangett points out that Bitcoin received a shock on Tuesday, first jumping 4% in four hours to nearly $68,000 and then losing more than 4.6% to $64.7 thousand. The market digested this influx of stop orders and soon began rising again, currently trading near $67,800.