Franklin Templeton: What else should we pay attention to besides BTC, ETH and SOL?
Franklin Templeton's research team sheds light on the cryptocurrency market, focusing on the transformative role of BTC, ETH, and SOL.

Franklin Templeton's research team sheds light on the cryptocurrency market, focusing on the transformative role of BTC, ETH, and SOL.
Retail interest in BTC, ETH, SOL, XRP is at a year-high, raising concerns of overheating. While pro traders cautiously support BTC, retail favor perpetual contracts. Funding rates peak, but no imminent risk of mass liquidation. Caution is advised amid unprecedented market fervor.
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
Positive news about the collapse of China Evergrande and the Fed’s intention to continue with its existing monetary policy has fueled a strong rally in bitcoin and altcoin prices.
The week-long daily lower high pattern suggests bulls will not be able to flip $43,000 as support, which could drag down many altcoins that just bounced back.
Historical data shows that October has been a good month for Bitcoin bulls, and Bitcoin’s break above $47,600 on October 1 could be a harbinger of what’s to come for Bitcoin and altcoins.
Bitcoin and some altcoins are facing a sell-off at higher levels, suggesting that short-term traders may be taking profits after the recent rally.
A slight pullback in Bitcoin increases the odds of a new all-time high in the short term, with altcoins like ETH, SOL, MATIC, and FTM likely to head higher while BTC prepares for its next move.
Altcoins are selling off ahead of the launch of a bitcoin ETF this week, a possible sign that traders are concerned about the historic launch.
Bitcoin and most altcoins could remain volatile in the short-term due to the Fed’s decision, warranting caution from traders.