Altseason is dead, expect shorter cycles and ‘violent’ rotations: Crypto exec
Only a few crypto tokens will experience price rallies and asymmetric upside, while broad altcoin market rallies are a thing of the past.
58 articles
Only a few crypto tokens will experience price rallies and asymmetric upside, while broad altcoin market rallies are a thing of the past.
Bitcoin faced strong resistance at the $74,500 level, but the shallow price pullback could set the stage for a stronger breakout in BTC and altcoins.
As Bitcoin consolidates, select altcoins like Trump, Pi, and Render surge on specific catalysts and improving risk appetite.
BTC climbed 2% to break through $72,000 while U.S. equity futures slipped and the dollar strengthened, as altcoins and AI tokens joined a broader crypto rally.
Bitcoin traded around $69,800 as open interest rose to $102 billion, suggesting defensive, bearish bets while altcoins outperformed in a risk-off macro backdrop.
Bitcoin is the frontrunner in the crypto market, while 36% of altcoins trade near their all-time lows. Do altcoin price metrics suggest an altseason is next?
While Intchains provides altcoin mining products, the company has also made an effort to stockpile and stake Ethereum.
US Bitcoin ETFs added $167 million in inflows on Monday, while Ether, XRP and Solana funds saw three-day outflows despite a crypto market rebound.
Major altcoins bounced alongside risk assets on Tuesday after the president said U.S. military objectives were "pretty well complete."
Buyers were undeterred by surging oil prices, pushing Bitcoin near $69,500 and large-cap altcoins close to their overhead resistance levels.
The list of altcoin-based spot exchange-traded funds grows longer with the addition of 21Shares' TDOT Polkadot ETF.
The altcoins with “real world” traction and application will be the winners of the next altcoin season, says Bitwise’s Matt Hougan.