It’s been a brutal past few days and weeks for altcoins despite Bitcoin’s strength. Top digital assets aside from BTC have plunged a handful of percent, even dozens of percent, against the U.S. dollar, even as Bitcoin hits new year-to-date highs.
This divergence has shocked many investors in the space, especially those that entered the altcoin market late this summer. This pain may eventually end, though, an analyst noted. This same individual added that this may coincide with BTC breaking $14,000.
Bitcoin to Break $14,000 Once
Altcoin Hemorrhaging Ends
Bitcoin analyst “Light,” who is celebrated by fund managers like Su Zhu of Three Arrows Capital, thinks that Bitcoin could soon break above $14,000 once the market sell-off ends:
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