The cryptocurrency market is undergoing a significant correction as it braces for the 2024 U.S. presidential election. Bitcoin's price dip below $70,000 has led to increased selling pressure in the altcoin market.
Dogecoin, following market trends, shows signs of a potential rally towards $0.2. A respected crypto analyst indicates a 'bottom formation' for many major altcoins, suggesting that market reversals might be approaching.
This comes as a crucial point for investors to monitor changes in the altcoin sphere, especially in anticipation of political and economic shifts globally.
