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Bitcoin Stalls at $35K as Gains Flow to Altcoins in Crypto's 'Early Bull Market Rotation,' Analyst Says

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

tried and failed at holding above $35,000 this week, with one analyst arguing traders likely took their BTC profits and rotated into altcoins, pushing those prices higher.

Lucas Outumuro, research head of IntoTheBlock, said the outperformance of smaller, riskier tokens is a sign of capital rotation from bitcoin and ether after their sizable rallies, a typical behavior from investors during crypto bull markets.

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