Original Title: Are Altcoins Still Cooked?
Original author: hyphin
Source of the original text:
Compiled by: Daisy, Mars Finance
Objectively speaking, cryptocurrencies are experiencing a rare strong market phase in a generation. In just a few years, goals and milestones that were once considered unattainable have been achieved.
As resistance levels are turning into support, the global market capitalization continues to oscillate upward, having increased by approximately $32 trillion since the bear market lows, rapidly breaking through historical highs with unprecedented smoothness. Meanwhile, altcoins are testing the key psychological resistance area for the third time—previous attempts in 2021 and 2024 both failed, leading to a decline of over 40%. If this unknown territory can be breached, the market focus may shift away from Bitcoin, potentially triggering severe volatility; however, if it fails again without subsequent support, it could impact the gradually accumulating market.