Altcoin Season Officially Begins: Bloomberg Analyst

Coinspeaker
Coinspeaker
SOL+1.25%
ETH+0.61%
BNB+0.79%
BTC+1.08%
LINK+0.16%
XRP+1.78%
DOGE+3.65%
AVAX+0.40%
XLM+2.97%
SHIB+3.23%
DOT+1.96%
BCH+3.94%
LTC+2.24%
HBAR+4.14%

Bloomberg ETF analyst James Seyffart has suggested that the long-awaited altcoin season is finally underway, driven less by retail speculation and more by corporate treasuries and institutional capital.

In a recent discussion with Milk Road, Seyffart noted that Digital Asset Treasury Companies (DATCOs) have been at the center of this rotation, fueling much of the current momentum.

Treasury Moves Spark Altcoin Rally

Institutional activity has picked up significantly in recent weeks. Tom Lee’s Bitmine added another $167 million worth of Ethereum ETH $4 412 24h volatility: 0.3% Market cap: $532.51 B Vol. 24h: $31.06 B to its balance sheet, its second major purchase in just two days.

Nasdaq-listed BNB Network Company also boosted its Binance Coin ...

Visit source
15.72K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.