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Crypto

Altcoin Rally Broadens as 70% Reclaim 200-Day Moving Average

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BTC BNB
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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.

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