Following the spot Bitcoin (CRYPTO: BTC) ETF approval, altcoins witnessed a price drop but analysis by investors pointed out that this is a correction phase and “buy the dip” scenario. What Happened: After the spot Bitcoin ETF approval, altcoins reported softer losses than the crypto king. A recent Glassnode report stated the altcoin market cap has saw a 68.9% surge since the filing of BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT), aligning with the increase in Bitcoin’s market cap. Ethereum (CRYPTO: ETH) underperformed the wider altcoin space by -17%. Since the FTX collapse in November 202…
