Crypto Analyst Dumps 24 Altcoins Amid Market Uncertainty – Here’s the List
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The cryptocurrency market could be in for a rough ride, according to well-known analyst VirtualBacon. In a recent social media post, he revealed that he has slashed his crypto portfolio by nearly half. His reason? Concerns over the U.S. Federal Reserve’s continued liquidity tightening, which he believes could create short-term turbulence in the market.
But despite scaling back, VirtualBacon isn’t turning bearish. In fact, he still believes certain cryptos will weather the storm – and he’s holding onto them for the long haul. So, which coins made the cut? And what’s his strategy for navigating the uncertainty ahead?
Let’s break it down.
Why VirtualBacon Is Reducing His HoldingsVirtualBacon believes that the Federal Reserve’s current policies could create uncertainty in the crypto market. To manage risk, he has sold 24 of the 36 altcoins in his $100K portfolio. However, he emphasizes that this move is temporary and does not mean he has lost confidence in the market’s future.
What Crypto Is He Keeping?
Despite trimming his holdings, VirtualBacon continues to hold a select group of cryptocurrencies that he believes will withstand the market downturn. His current portfolio breakdown includes:
