Bitcoin Eyes New Heights, Will Altcoins Follow?
26.09.2024 11:30 1 min. read Alexander Stefanov
The founders of Glassnode, an analytics firm, believe an altcoin rally could soon begin.
Jan Happel and Yann Allemann, known as Negentropic on X, indicated that this altseason may unfold after Bitcoin surpasses its all-time high of around $74,000.
They noted that altcoins have been following Bitcoin’s bullish trend and suggested that a simultaneous surge in various cryptocurrencies could occur once Bitcoin breaks its ATH.
Historically, the cycle begins with Bitcoin rising, followed by Ethereum, large-cap altcoins, and then smaller ones. Since May, Bitcoin has seen three upward moves without triggering an altcoin season.
However, the altcoin cycle indicator recently approached 50, hinting at a potential shift in favor of altcoins.
This indicator reflects traders’ preferences; values above 50 indicate that altcoins are outperforming Bitcoin, suggesting an impending altcoin season.
-
1
Solana Poised to Outperform Bitcoin, Says Leading Analyst
26.04.2025 12:20 1 min. read -
2
Peter Brandt Dismisses Bitcoin Breakout, Says Trend Not Yet Reversed
16.04.2025 17:00 2 min. read -
3
Bitcoin Gains Stability as ARK Invest Doubles Down on Accumulation
17.04.2025 16:00 2 min. read -
4
27,750 BTC Exit Binance in Historic Outflow Event
25.04.2025 21:00 2 min. read -
5
Bitcoin Breaking Out? Analysts Say the Downtrend’s Cracking
18.04.2025 17:00 2 min. read
Ethereum Price Forecast: Will ETH Rise to $4,000 After Pectra?
Ethereum (ETH) has gone up by nearly 10% today on low trading volumes as the rally has entered price zones that offer little resistance. ETH currently sits at $2,681 per token and, with just 12% more to go to reach $3,000, the question in most traders’ minds is: is ETH going to break out above […]
Rumors of a Truth Social Crypto Token Shut Down by Trump Team
Hype around a supposed Truth Social meme coin launch has been firmly shut down by Trump-affiliated organizations, following a viral post that sent meme coin circles into a frenzy.
Solana Price Prediction: This Pattern’s Breakout Suggests that SOL Will Rise to $225
Solana (SOL) has experienced a 30.6% jump in the past month and currently stands at $171 per token. This is the highest price that SOL has reached since 2 March, back when President Donald Trump announced that it would include the token in the U.S. digital asset stockpile. Trading volumes have surged by 47% in […]
After April Surge, Bitcoin ETFs Enter Cooling Phase With Modest Gains
After weeks of intense institutional activity that helped push Bitcoin above $100,000, inflows into U.S. spot Bitcoin ETFs took a breather between May 6 and May 12.
-
1
Solana Poised to Outperform Bitcoin, Says Leading Analyst
26.04.2025 12:20 1 min. read -
2
Peter Brandt Dismisses Bitcoin Breakout, Says Trend Not Yet Reversed
16.04.2025 17:00 2 min. read -
3
Bitcoin Gains Stability as ARK Invest Doubles Down on Accumulation
17.04.2025 16:00 2 min. read -
4
27,750 BTC Exit Binance in Historic Outflow Event
25.04.2025 21:00 2 min. read -
5
Bitcoin Breaking Out? Analysts Say the Downtrend’s Cracking
18.04.2025 17:00 2 min. read