Bitcoin powered through to a new all-time high above $111,000 Thursday—on Bitcoin Pizza Day, no less, with the BTC spent on two pies back in 2010 now worth a cool $1.1 billion.
But analysts were focused on a potential altcoin season, arguing that the assets, which have underperformed this cycle, will come into their own when Bitcoin dominance hits 70% and more liquidity enters the system.
In the short term, it’s meme coins that have been soaring in the wake of Bitcoin’s rise, with the likes of TRUMP and Fartcoin rising by double-digits Thursday morning.
It may be Bitcoin Pizza Day, but it’s just another day in crypto.
Bitcoin Is Roaring and Analysts Say Altcoins Could be Next
Bitcoin’s record high has analysts eyeing a potential altcoin rally—if market conditions align and the crypto's dominance hits a key level.
Trump, Fartcoin, and SPX Meme Coins Pump Double Digits as Bitcoin Reaches New Heights
Bitcoin surpassed its all-time high, while meme coins outperformed the leading asset with double digit gains.
Sui Ecosystem Rocked by $200M ‘Oracle Manipulation Attack’ on Its Largest DEX
Tokens in the Sui ecosystem have been sent tumbling due to a $200 million oracle exploit that led to liquidity pools being drained.
Glider is Creating a ‘New Paradigm’ for Automated Crypto Portfolio Management
Ultimately, Glider’s goal is to lower the barrier to entry to the point where anybody can manage a crypto portfolio, founder Brian Huang said.
Sponsored post by Glider
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“Alt season will kick off when two key events align. Quantitative easing must begin, injecting more liquidity into the system, and Bitcoin dominance needs to hit around 70%.”