While the great rally in the cryptocurrency market continues, led by Bitcoin, movements in altcoins also attract attention.
BTC price was based on the $ 38,000 price band during its climb today. BTC has shown a very impressive price performance of 31% in the last month. Even though there was a decline afterwards, BTC's performance today is welcomed by analysts.
However, cryptocurrency analysis company Santiment said in its statement that some altcoins are experiencing pumps while others are showing signs of slowing down. Analysts argued that attention should be paid to altcoins, where whales' transactions made a peak in the transaction number charts.
According to Santiment, today's altcoins that attract attention with the high number of whale transactions are 1inch Network (1INCH), Dogelon Mars (ELON), Polygon (MATIC) and WOO Network (WOO).
WOO price decreased by 8.44% today, ELON price increased by 16%, MATIC decreased by 0.33%, 1INCH decreased by 4.59%. Bitcoin price rose more than 8% at its peak during the same time period.
Another important development today was rumors that BlackRock would apply for an Ethereum spot ETF. ETH price exceeded $2,000 following the development.
The overall cryptocurrency market increased by 1.29% and climbed to $1.37 trillion.
*This is not investment advice.