Why is it said that the cryptocurrency market is experiencing a severe supply-demand imbalance?
The previous consensus was that the rise in BTC prices would lead to a trickle-down wealth effect for ETH, and ultimately spread to the long tail of "altcoins" - a cute term commonly used to describe all other crypto assets apart from the two major 'mainstream' ones.
Will bitcoin and altcoins hit new highs? Can they lead the next bull market?
Bitcoin may usher in a bull market after halving, and the market cap chart of altcoins shows an uptrend. BTC and ETH have recently undergone a correction, but historical data suggests that BTC may rebound. The market cap chart of altcoins shows a bullish flag pattern.
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EZ_money OP : recession will kill any BTC rally