Crypto majors stuck in tight range as altcoin rotation picks up steam
CoinDesk
Bitcoin and Ether are trading in narrow ranges, while investors shift capital toward specific altcoin sectors like AI and platform tokens.Summary
Major cryptocurrencies Bitcoin and Ether are experiencing low volatility, trading within tight price ranges as market participants rotate capital into altcoins. The AI sector, specifically NEAR and FET, saw significant gains, while privacy coins faced sell pressure. The broader market shows a return to risk-on sentiment, mirrored by rising U.S. equity markets and stable crypto derivatives data, where aggressive buying is concentrated in high-performing assets like HYPE and Near Protocol.
(Source：CoinDesk)