{"id":377313,"date":"2019-04-05T20:00:49","date_gmt":"2019-04-05T20:00:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=377313"},"modified":"2019-04-05T10:57:59","modified_gmt":"2019-04-05T10:57:59","slug":"sidelined-waiting-bitcoin-altcoins","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/sidelined-waiting-bitcoin-altcoins\/","title":{"rendered":"Is Over $3 Billion Is Sidelined Waiting to Enter Bitcoin and Altcoins?"},"content":{"rendered":"

This week, Bitcoin<\/a> broke through key overhead resistance at $4,200 and rallied nearly $1,000 in a matter of an hour to over $5,000<\/a>. The powerful rally may have signaled the end of the bear market that has been plaguing Bitcoin and altcoins for over a year, setting a higher high and capturing the attention of crypto supporters and pundits alike.<\/span><\/p>\n

As bullish momentum picks up, new capital will flow into the crypto market. But capital that\u2019s been sidelined in the crypto space all along, as much as $3 billion dollars worth, could also flow directly back into Bitcoin and altcoins like Litecoin<\/a> or Ripple<\/a>.<\/span><\/p>\n

$3B in Crypto Just Waiting to Flow Into Bitcoin and Alts<\/span><\/h2>\n
Bullish sentiment in \u201c crypto Twitter<\/a>\u201d has been ignited ever since Bitcoin\u2019s break from its prior trading range between $3,200 and $4,200. It\u2019s caused even the most bearish analysts to begin to consider bullish scenarios.<\/span><\/p>\n
https:\/\/twitter.com\/HabichtJonathan\/status\/97849092<\/p>\n
One particularly bullish scenario, would see as much as $3 billion in stablecoins that are currently \u201cparked\u201d waiting to enter the market once again, according to Blockfyre founder Jonathan Habicht, Habicht claims that investors currently sitting in Tether, USD Coin, and other fiat-backed stable coins have never actually left the crypto market, and could re-enter at any time.<\/span><\/p>\n
Related Reading | Crypto Community Speculates On What Triggered Massive Bitcoin Price Rally<\/a>\u00a0<\/strong><\/em><\/p>\n
The bullish claim was backed up by eToro senior market analyst Matt Greenspan, who suggests that there could be as much as $3 billion currently waiting for the right time to flow back into Bitcoin and other various altcoins.<\/span><\/p>\n
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Nearly $3 billion ready to flow into BTC and alts. https:\/\/t.co\/kWTNCtbyZM<\/a><\/p>\n
— Mati (@MatiGreenspan) April 5, 2019<\/a><\/p><\/blockquote>\n