In brief
- Bittensor and Zcash have risen by 10% as Bitcoin rebounds following weekend trading.
- BNB has taken a backseat as traders book profits and rotate to high-beta altcoins with renewed momentum.
- Experts remain optimistic but note that the continuation of a bullish outlook is contingent on cooling macro fears.
Bitcoin’s weekend rebound has set off a selective rally in altcoins, with Bittensor and Zcash leading gains as BNB, last week’s top performer, slipped from focus.
Bitcoin’s rebound from $105,000 to an intraday high of $110,000 came as macroeconomic and geopolitical conditions showed signs of improvement.
The weekend’s strength has set the stage for renewed momentum in altcoins.
“Bitcoin’s rally has renewed market confidence,” Shawn Young, chief analyst of MEXC Research, told Decrypt. “Traders are now rotating capital into high beta assets to seek short-term outperformance,” signaling a comeback in speculative appetite.
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Author: Akash Girimath
