Coinbase Flags 50% Altcoin Surge, Says Next Crypto Rotation Looms
Coinbase Institutional said a full-fledged “altcoin season” may be imminent after the combined value of non-Bitcoin cryptocurrencies climbed more than 50% since early July
Coinbase Institutional said a full-fledged “altcoin season” may be imminent after the combined value of non-Bitcoin cryptocurrencies climbed more than 50% since early July. The firm’s research cites accelerating institutional demand for Ethereum, whose growing liquidity has helped lift the broader market and spur a rotation out of Bitcoin.
Ethereum-linked exchange-traded funds pulled in about $640 million during one of their strongest sessions, outpacing Bitcoin funds by more than three-to-one. Lido DAO, a major staking token tied to Ethereum, was among the…
