🎯Despite the price of Bitcoin falling from $109,000 to $80,000 since January, both the hash rate and mining difficulty are rising and have reached historical highs. Although the increasing difficulty may seem unfavorable due to rising mining costs, it actually reflects strong fundamental indicators for BTC in the long term.
🛠Bitcoin dominates the market, while altcoins have fallen by an average of 80%. The market capitalization of altcoins has decreased from January's peak of $1.64 trillion to $931 billion, and despite the prevailing fear, now is a good time to buy altcoins, as we have officially entered the 'buying zone.'
👨💻The chart shows the aggregated average daily trading volume of altcoins against stablecoins with their annual averages. We have recently entered the buying zone, defined by the 30-day moving average falling below the annual average. A similar favorable period for buying alts occurred in September 2023, right after the end of the bear market.
👉But if you are going to buy altcoins now, it is better to do it using dollar-cost averaging (DCA), i.e., in parts, as the current market situation is quite uncertain due to the unpredictability of Trump's policies.