Bitfinex Predicts Altseason Delay Until Spot Crypto ETFs for Altcoins Launch
TLDR
- Bitfinex analysts believe altcoin season will start once more crypto ETFs are approved.
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Analysts highlight the role of crypto ETFs in generating price-agnostic demand for altcoins.
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The current crypto market shows a “muted trajectory,” reflecting cautious investor sentiment.
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Speculation grows about which crypto ETFs will launch next, with many altcoins in focus.
Analysts at Bitfinex have indicated that altcoin season, or a significant rally in altcoins, is unlikely to begin until more crypto exchange-traded funds (ETFs) are approved. While many market participants are watching Bitcoin dominance and historical patterns for signs of an altcoin surge, Bitfinex analysts suggest that the true catalyst for the…
