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CoinGape

Analysis: Altcoins may be entering a consolidation phase before they see a surge

CoinGape
Summary
Nutrition label

57% Informative

Altcoins took a big blow in the wee hours of Wednesday morning after Bitcoin price slipped below the $ 60,000 support level.

Total crypto market cap dropped by 6.7% as alts witnessed double-digit losses.

Altcoins struggle to outperform Bitcoin as dominance rose by 0.85% in the last week .

Bitcoin Dominance chart also shows a cup and handle forming that may send it to 59% .

VR Score

37

Informative language

28

Neutral language

49

Article tone

formal

Language

English

Language complexity

33

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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