Is Crypto Bull Run Over? What’s Holding Back the Altcoin Rally?

The post Is Crypto Bull Run Over? What’s Holding Back the Altcoin Rally? appeared first on Coinpedia Fintech News

The political scenario in the US shifted in favour of the cryptocurrency industry when pro-crypto candidate Donald Trump emerged victorious in the US presidential election last November. As expected, the Trump administration has introduced several pro-crypto policies. The Bitcoin market has grown by at least 21.93% since November 5, 2024. However, it appears that the Altcoin market is yet to receive the benefit of this political shift.

The Altcoin market has surged by just 14% during the period. Notably, in the 12 months, Ethereum has declined by 53.8%, Solana by 17.1%, Cardano by 6.7% and Dogecoin by 1.6%. It is high time to analyse why Aitcoins are lagging and when they could rally. Ready? 

Elements Capable of Moving the Alt Market: The General Belief 

Firstly, the Trump administration’s pro-crypto stand is expected to support the altcoin market. The administration has recently introduced several pro-crypto policies. 

Secondly, the proposed Altcoin spot ETF launches are supposed to benefit the market. Solona, XRP and Litecoin spot ETFs are expected to be launched in the near future. 

Thirdly, Trump’s aggressive tariff policy has the potential to influence the market. The US president recently announced import tariffs on China, Canada and Mexico. 

Fourthly, rising recession fear has the capacity to affect the market. The US has seen two quarters of negative GDP growth under Biden.

However, in a series of posts on X, VirtualBacon dismisses all the arguments and asserts that none of them are the reason for the current stagnation in the Altcoin market.