Altcoin Rally Broadens as 70% Reclaim 200-Day Moving Average
The crypto market is experiencing a broadening rally, with 70% of Binance-listed altcoins reclaiming their 200-day moving average.
This trend suggests that altcoins are outperforming Bitcoin, which has been trading in a range of $75,600 to $82,000.
The TOTAL3 market capitalization, excluding Bitcoin and Ether, has reached its highest level in about eight months at over $800 billion.
Altcoins' share of trading on Binance has risen to 53%, indicating stronger relative momentum than Bitcoin.