Market Wrap: Altcoins Outperform as Ether Rises Toward $4K

Market Wrap: Altcoins Outperform as Ether Rises Toward K
Alternative cryptocurrencies (altcoins) were in the spotlight on Thursday as bullish sentiment returned to crypto markets. Bitcoin (BTC) continued to stabilize near $46,000, near its 200-day moving average – a key technical support level that, if broken, could lead to further selling pressure.For now, bitcoin appears to be oversold, and was down about 2% over the past 24 hours. Meanwhile, ether (ETH) was roughly flat over the past 24 hours, compared with a 4% rise in Solana’s SOL token and a 7% rise in Terra’s LUNA token over the same period.Some analysts say the bullish market response to Wednesday’s Fed…