Traders flock into altcoins as Bitcoin price trades sideways

Cointelegraph

Published Jan 09, 2021 05:36PM ET

Updated Jan 10, 2021 07:40PM ET

The bullish momentum seen throughout the week has spilled over into the weekend as the majority of the top-100 tokens listed on CoinMarketCap are posting double-digit gains.

Bitcoin (BTC) entering a brief consolidation period and the possibility of a third round of stimulus checks for American citizens are two possible reasons for today’s bullish price action.

Daily cryptocurrency market performance. Source: Coin360
BTC/USDT 4-hour chart. Source: TradingView.com
BTC/USD daily chart. Source: Coin360

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