Bitcoin continues to maintain the upward momentum it started last week. At this point, unlike its previous attempts, BTC reached a significant resistance level in this rise and approached $ 31,000.
The rise of Bitcoin also had a positive impact on altcoins, and there were significant gains in altcoins.
Evaluating the rise in Bitcoin and altcoins at this point, Santiment stated that altcoins made an attack instead of falling behind BTC in the last rise.
Stating in his post that these altcoins are Chainlink (LINK), Polygon (MATIC), UIP, Aptos (APT) and Aave (AAVE), Santiment said:
“Unlike Bitcoin's previous two brief visits to $30,000, there was a significant rally over the weekend that ended those attempts.
At this point, BTC broke the important resistance level with its rise.
In this rise, altcoins also started to rise instead of falling behind the BTC price. In this rise, LINK, AAVE, MATIC, UIP and APT attract attention and see the best performing parses of 2023.”
According to the graph shared by Santiment, it is seen that the social volumes of LINK, AAVE, MATIC, UIP and APT increased between 8% and 14%.
📈 Unlike #Bitcoin's previous two brief visits to $30K, this latest resistance level break to end the weekend has occurred as #altcoins surge, rather than falling behind $BTC's price. $LINK, $MATIC, $UIP, $APT, and $AAVE are all seeing their best performing decouplings of 2023. pic.twitter.com/ci7MPh25yf
— Santiment (@santimentfeed) October 23, 2023
*This is not investment advice.
