Posted 12/8/2023, 7:19:00 PM
ADA Soars 25% as Altcoins Rally While Bitcoin Trades Sideways Around $44K
- Cardano's ADA token jumped 25% to 57 cents as capital rotated from bitcoin into altcoins
- Analyst Willy Woo speculated bitcoin may pull back to $40K to "fill CME gap" in futures prices
- Other top gaining tokens were DOT, ALGO, AVAX, and SOL as traders chased altcoins
- Bitcoin bounced between $43K-$44K, shaking off minor dip after strong jobs report
- 21.co CEO sees bitcoin hitting new all-time highs in 12-18 months as institutional interest grows