Crypto analysts identified historical patterns showing that major market dumps preceded altcoin rallies, suggesting altseason could be just ahead. Crypto analysts speculate that the massive weekend leverage flushout, which wiped billions of dollars from the crypto markets, may have just paved the path for “altseason 3.0” “Every major expansion in crypto has included sharp 30%…
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US Spot Ether exchange-traded funds attracted $717 million of US investor money on Wednesday, and now hold more than 4% of ETH’s circulating supply. US spot Ether exchange-traded funds clocked a new daily net inflow record of $717 million on Wednesday as altcoins rallied. BlackRock’s ETHA saw a daily inflow record, contributing $489 million to…
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Federal Reserve Chair Jerome Powell says there’s “no need to hurry” on rate cuts — but this didn’t trigger much of a crypto sell-off, leading to one analyst to call a market bottom. The altcoin market barely reacted after US Federal Reserve chair Jerome Powell cast doubt on the possibility of further interest rate cuts…
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Crypto commentators say there is “not much alpha in chasing alts” right now, but are eyeing the possibility of Bitcoin retesting $99,000. The majority of altcoins may continue to see a downtrend potentially until the end of January 2025, says Felix Hartmann, founder of venture capital firm Hartmann Capital. “Some alts may continue running briefly,…
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The “Alts buy signal” chart is flashing a buy signal, with a trader linking it to levels Bitcoin hit before its price surged sixfold over six months. A prominent crypto trader believes altcoins might be in a prime accumulation phase, pointing out a buy signal that hasn’t triggered so low in over three years. “Altcoins…
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The price of Bitcoin has grown 54% since the start of 2024, and only six altcoins from the top 50 have done any better. Only six altcoins among the top 50 tokens by market capitalization have managed to outperform Bitcoin so far this year, as Bitcoin dominance reached a three-year high over the weekend. The…
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Central issues: Last week, digital asset investment products saw a net loss of $20.9 million, primarily from long Bitcoin products. With inflows totaling $3 million in the previous week and $19 million in the preceding eight weeks, investors favored altcoins, excluding Ethereum. Exchanging volumes for computerized resource speculation items showed decreased market movement. According to…
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