As the crypto markets gained some momentum, Bitcoin, Ethereum, and other Altcoins also surged, recovering from the losses incurred after the FTX collapse. BTC’s price surged above $23,000, while Ethereum headed towards $1700. Woefully, both failed to hold a tight grip over the rally that plunge below their respective levels.
In the meantime, traders after gaining significant profit appear to diversify their portfolio and hence gain interest in the small-cap altcoins. As per the data from Santiment, the investors are now moving out of the large-cap tokens like Cardano, Solana, etc, and investing in the other tokens within the top 200.
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