Altcoins Poised for Rebound After Underwhelming Performance

In a recent strategy session, Jamie Coutts, chief crypto analyst at Real Vision, indicated that altcoins, despite lagging behind Bitcoin and Ethereum, are poised for a breakout. Coutts suggests that altcoins could see a resurgence in the latter half of 2024 as liquidity conditions improve. He highlights that despite Ethereum’s strong performance earlier in the month, the broader altcoin market has underperformed. Coutts also notes that recent market downturns are typical mid-cycle corrections and could present opportunities for traders, particularly in mid and small-cap altcoins. Current market figures show Bitcoin at $66,950 and Ethereum at $3,482.