Bloomberg analyst says altcoin ETF approvals unlikely to trigger a traditional alt seasonJames Seyffart noted that investment advisors prefer diversification over concentrated positions in individual altcoins.
Happy Friday!As the cryptocurrency market wrestles with key uncertainties, a Bloomberg analyst casts doubt on altcoin ETF approvals sparking a traditional alt season, while SWIFT’s CIO raises tough questions about Ripple and XRP’s preparedness for global banking standards. Meanwhile, Bitcoin hovers in a crucial consolidation zone between $104,000 and $116,000, with decisive moves likely to shape the next phase of the market. Ad: 🚀 TRADE Stocks and Crypto — GET $50 WHEN YOU DEPOSIT on Nemo: Download now The global crypto market cap is $3.8 trillion, with a 24-hour volume of $162.62 billion. The price of Bitcoin is $110,832.25, and BTC market dominance is 58.0%. The price of Ethereum is $4,281.61, and ETH market dominance is 13.6%. The best-performing sector is Meme, which gained 10%. The Crypto Fear & Greed Index is currently Neutral (48). 📰 Top News
Bloomberg analyst says altcoin ETF approvals unlikely to trigger a traditional alt seasonJames Seyffart noted that investment advisors prefer diversification over concentrated positions in individual altcoins. SWIFT CIO questions Ripple and XRP’s readiness for global banking standardsZschach questions whether banks will accept XRP's "external token" for settlement over existing trusted instruments. Bitcoin consolidates between $104,000 and $116,000 as market faces critical decision PointBreaking below $104,100 would replay post-ATH exhaustion phases seen earlier this cycle, while recovery above $114,300 would signal renewed demand control.
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