Analysts: The current bull run cycle is led by institutions, and it is still uncertain whether it will benefit alts.


Odaily Planet Daily reported that Presto Research analyst Min Jung stated that Bitcoin continues to hover near its historical highs, supported by ongoing institutional demand (especially from cryptocurrency fund management companies). The price of ETH is also benefiting from institutional investor momentum, with more listed companies beginning to incorporate ETH into their corporate treasuries. The market is showing early signs of a bull run for alts, but it remains uncertain whether this strong momentum will extend to the broader altcoin market. (The Block)
#山寨季何时到来?#
BTC-1.3%
ETH-3.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)