Although major cryptocurrencies have retraced from their earlier intra-day highs, the bullish trend of recent days remains intact. Bitcoin has breached key resistance, opening the door to further gains in the coming weeks. However, concerns about the US banking system’s perceived fragility and rate hikes by the Fed could potentially limit crypto’s progress. Nevertheless, narratives about crypto’s advantages over the existing fiat/banking financial system could keep cryptocurrencies, such as Bitcoin, afloat. Investors seeking alternatives to major coins may want to consider Conflux, Synthetix, Love Hate Inu, Optimism, and Metropoly, all of which have shown impressive progress and fundraising efforts recently.
