Altcoins, which are higher beta than bitcoin and ether, act like a leveraged play on the broader crypto market, often outperforming during favorable conditions.
The underperformance of altcoins relative to bitcoin can lead to significant rebounds, especially when they experience a recent period of overselling, as liquidity improves.
The low liquidity levels of altcoins make them more volatile, resulting in outsized price movements compared to other cryptocurrencies during market shifts.
Post-FOMC, altcoins demonstrated a strong rebound as they are responsive to liquidity conditions. Their performance often reflects broader market dynamics and positioning.
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