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Altseason

All articles tagged with #altseason

Bitcoin stalls near $86k as rising yields and altcoin rotation pressure markets
markets20 days ago

Bitcoin stalls near $86k as rising yields and altcoin rotation pressure markets

Bitcoin traded around $85,800 on Wednesday, slipping slightly as rising U.S. Treasury yields and a stronger dollar pressured risk assets. While Bitcoin matched its recent high of $87,300, it faced selling pressure, coinciding with a surge in altcoins. Bitcoin Cash jumped 28% after CME Group announced futures listings, and Zcash rose 9%. This rotation reflects a broader 'altseason' trend, with Bitwise’s index hitting 90%, indicating nine in ten altcoins outperformed Bitcoin over the past week. Macro headwinds included new cycle highs for the 10-year Treasury yield at 5.042% and a 0.4% rise in the U.S. dollar index. Bitcoin is approaching an $18 billion quarterly options expiry on Friday, which may increase volatility as traders roll positions.

via coindesk.com|
#altseason#bitcoin#bitcoin-cash
Upcoming Altcoin Surge Predicted as Market Shows Signs of Recovery
cryptocurrency1 year ago

Upcoming Altcoin Surge Predicted as Market Shows Signs of Recovery

Altcoins are showing a strong bullish bias with over 70% leaning long, amid Bitcoin's indecision around $105k. While many altcoins are still in the red, the market is poised for a potential short squeeze, especially if Bitcoin stabilizes or rebounds from recent volatility. The current setup suggests a strategic risk-taking environment, with traders betting on a market rebalancing that could trigger a rally in altcoins.

via AMBCrypto|
#altcoins#altseason#bitcoin
Ethereum ETFs Signal Potential Bull Run Amid Key Trend Reclaim
cryptocurrency2 years ago

Ethereum ETFs Signal Potential Bull Run Amid Key Trend Reclaim

Ethereum has shown significant strength against Bitcoin, reclaiming a key trend line and sparking discussions of a potential altseason. The approval of spot Ether ETFs in the U.S. has driven Ethereum's price surge, with the ETH/BTC ratio reaching a two-week high. Analysts suggest this trend could signal a broader altcoin rally, supported by increased network activity and bullish sentiment.

via Finbold - Finance in Bold|
#altseason#bitcoin#cryptocurrency
"Analysts Predict Major Altcoin Surge as Key Patterns Emerge"
cryptocurrency2 years ago

"Analysts Predict Major Altcoin Surge as Key Patterns Emerge"

The altcoin market cap has surged to $1.1 trillion, sparking predictions of a potential altseason. Analysts highlight a bullish inverse head-and-shoulders pattern, suggesting that breaking resistance levels could triple the market cap. Key figures in the crypto community, including Trader Tardigrade and Rekt Capital, support this optimistic outlook, with projections of significant gains if the market surpasses critical resistance points.

via AMBCrypto News|
#altcoins#altseason#bitcoin
Bitcoin's Price Correction Sparks Altseason and Crypto Rally
cryptocurrency2 years ago

Bitcoin's Price Correction Sparks Altseason and Crypto Rally

The recent sharp correction in the price of Bitcoin has led to a decline in altcoin prices, but analysts believe this is a normal part of the price cycle. The correction is seen as an opportunity to shake out weak hands and reduce leverage in the market, potentially paving the way for a stronger foundation for future price increases. Some traders suggest that this correction could mark the start of an altseason, as Bitcoin dominance has topped out. Despite the market decline, the Bitcoin price has since recovered above $42,000.

via Cointelegraph|
#altcoins#altseason#bitcoin