Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000

Quick Summary:

Related Reading: Dogecoin Price Roadmap To $0.75 ATH: Why The Next Wave Is Bearish And Could Drop To $0.15 Nonetheless, many market participants are anticipating an altcoin season, with many betting on the overperformance of many top altcoins against Bitcoin.

Altcoin Season Is Here Already—VanEck Bitcoin, the leading cryptocurrency, has struggled to maintain its price momentum above the $100,000 mark, raising questions about where the market might head next.

According to Sigel, as capital flows into the market, risk-on sentiment tends to boost nascent crypto applications, particularly those in decentralized finance, gaming, and NFTs, which in turn allows the altcoin market to outperform Bitcoin.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin news Altcoin Altcoin Season Altcoin Altcoin news Btc price Btcusd Analyst Crypto Crypto analyst Bitcoin Crypto news BTCUSDT Altcoins news Bitcoin price BTC news Altcoins Btc Bitcoin

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Article Type: News Report

Published On: 2024-12-24 @ 11:30:30 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 70 lines

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Copyright Owner: © NewsBTC

News ID: 24629839

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