The bear-bull race in the crypto world is at a strange turn, where the king Bitcoin is falling, and altcoins are fighting in the market, and NFT strikes back.
Bitcoin value fall over ETF
There has been a lot of investment in the ETF market since the Bitcoin Spot ETF was approved in the US, but this investment is not benefiting Bitcoin. Some analysts believe that BTC is going down due to dumping by Grayscale. Whether this reason is true or not, the value of Bitcoin is falling after the ETF approval.
Bull-Bear fight Altcoins corner
Altcoins have a great importance in the crypto market, they are fighting an amazing bull-bear battle, which sometimes goes in favor of the bulls and sometimes in favor of the bears. Despite this, the wall street is asking for more ETFs, and second top crypto Ethereum is the most favourite, yet the bears are still biting its bulls.
NFT Returns to scale
Amid Bitcoin's decline, the NFT market has been resurging after being devastated by the bears in 2023 . Donald Trump, the most powerful candidate for the US presidential election, is also giving boost by issuing NFTs. Various gaming platforms (GameFi) are also paving the way for P2E with NFTs. The bulls are getting green fodder from their tokens.
