• The prices of Ethereum and XRP rallied over the last seven days. 
• DOGE, SHIB, and PEPE showed bullishness as well.

Bitcoin [BTC] managed to go above the $40,000 mark after quite a long time. This milestone in the price of the king coin helped the overall altcoin market capitalization cross a critical level.

Moreover, on the 3rd of December, X (formerly Twitter) account Rekt Capital highlighted that the altcoin market cap, excluding the top 10 cryptos, touched a critical level.

To be precise, the market cap turned its resistance level into a new support.

Altcoin Market Cap has been successfully retesting this old resistance as new support for three weeks in a row

The downside wicks on the retest are also forming a Higher Low#BTC #Crypto #Bitcoin pic.twitter.com/1GoPxC2iuE

— Rekt Capital (@rektcapital) December 3, 2023

Are altcoins planning a rally?

Considering the influence of top altcoins on the entire market, it’s imperative to take a look at how coins like Ethereum [ETH] are doing, to better understand what to expect over the days to follow.

According to

Go to Source to See Full Article
Author: Dipayan Mitra

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details