Bitcoin’s (BTC) halving event, which is set to occur on April 19, could become the catalyst of an extended price rally for altcoins. A comparison of previous BTC halving events shows a steep decline in BTC’s dominance within 12-18 months after the halving that has led to a rally in altcoins.
Ripple (XRP) CEO spoke about USD-backed stablecoin, XRPLedger and Exchange Traded Funds (ETFs) in the US, at Paris Blockchain Week. XRP price is up nearly 5% this week. The altcoin extended gains on Thursday, flipping $0.60 resistance to support.
Bitcoin (BTC) price has remained rangebound since setting an all-time high of $73,949 on March 14. Not all altcoins are showing the same strength, which can be attributed to BTC’s lackluster performance, but this consolidation could lead to a massive volatile move soon that could be harmful for altcoins.
