As Bitcoin aims for 100K, what about the ‘mega altseason’ hype?

The cryptocurrency market has been witnessing a substantial downturn in the altcoin sector, which has struggled to gain momentum amidst a broader market focus onIn recent weeks, the altcoin market cap experienced a significant drop from its late May peak of $1.182 trillion to a current valuation of just over $1.06 trillion.

According to Crypto Ash, the potential for significant altcoin rallies hinges on Bitcoin’s performance, suggesting that a real altcoin season may not commence until Bitcoin achieves the landmark price of $100K. Furthermore, Crypto Distilled suggested monitoring the Smart Contract Platforms index, as these platforms are vital for decentralized applications and significantly influence market trends.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin climbs above $67K: Will BTC cross $100K this time?Bitcoin [BTC] surprised investors last week as its price rallied by double digits and things can get even more exciting in the coming days
Source: CryptoAmb - 🏆 22. / 68 Read more »

Novogratz’s Bitcoin bet: BTC to $100K in 2024Bitcoin could hit $100K or surpass it before end-2024 amidst increasing regulatory clarity and possible Fed rate cut.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin cloud mining platform, AST Mining, offers program for earning BitcoinThe crypto world is exploding! Since Bitcoin and Ethereum ETFs got the green light, everyone's looking for ways to get involved. Forget just
Source: CryptoAmb - 🏆 22. / 68 Read more »