Bitcoin is increasingly viewed as a safe-haven asset as it diverges from the US Dollar and NASDAQ. This shift hints at a market recalibration amid economic uncertainty. Long-term holders are accumulating BTC, indicating potential bullish momentum despite short-term selling pressures.
Divergence indicators show altcoins might be gearing up for a recovery, as fewer assets hit yearly lows in April. With increasing altcoin market cap from 660 billion USD to over 800 billion USD, this may herald an altcoin season, reflecting investor confidence.
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