Golden Finance reported that Citigroup analysts said in a report on Monday: "Given that Ethereum is the only major Cryptocurrency (besides Bitcoin) approved as the basis for Spot ETF, it may be a rotation target." Other Cryptocurrencies have performed even better, and their share in the overall Market Cap of Cryptocurrencies is also rising. Citibank added that respondents to a recent survey believe that Altcoins will perform particularly well in 2025.
Analysts say: "The performance of other cryptocurrencies and altcoins is even more meaningful, indicating that some market participants expect a 'altcoin season' in 2025 after a strong year for bitcoin." Experts say the different trends of bitcoin and other cryptocurrencies stem from differences in fundamental factors that partially affect these two markets.
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Citi analyst: 'altcoin season' will arrive in 2025
Golden Finance reported that Citigroup analysts said in a report on Monday: "Given that Ethereum is the only major Cryptocurrency (besides Bitcoin) approved as the basis for Spot ETF, it may be a rotation target." Other Cryptocurrencies have performed even better, and their share in the overall Market Cap of Cryptocurrencies is also rising. Citibank added that respondents to a recent survey believe that Altcoins will perform particularly well in 2025. Analysts say: "The performance of other cryptocurrencies and altcoins is even more meaningful, indicating that some market participants expect a 'altcoin season' in 2025 after a strong year for bitcoin." Experts say the different trends of bitcoin and other cryptocurrencies stem from differences in fundamental factors that partially affect these two markets.