In the previous weeks, altcoins gained momentum while Bitcoin (BTC) was hovering against the psychological barrier at $12,000. After a few weeks of consolidation, the price of Bitcoin finally broke the resistance zone of $12,000.
Bitcoin has been strongly underperforming Ethereum over recent days. The former is up around 6% while the latter has gained in excess of 30%.
While some commentators see BTC’s inability to rally in pace with ETH as a bearish sign, some beg to differ.
The $2 trillion crypto market faces a multimillion problem: That of smaller decentralized finance (DeFi) projects suffering from low-liquidity pools and high-slippage trades even as the market continues to grow as a whole.