Bitcoin continues to set new records, reaching $120,000 and surpassing $122,000. While BTC shows impressive results, altcoins remain below their previous highs.
Bitcoin Sets Records
This week, Bitcoin opened with new records, crossing $120,000 for the first time in history. In recent days, BTC has surged past the $122,000 mark, setting a new all-time high.
Expectations for the Altcoin Season
Despite Bitcoin's rise, altcoins are still trading below their previous highs. Investors are waiting for a significant rally in the altcoin market, with predictions suggesting that the 'altcoin season' may start in August or September.
Analyst Predictions
LD Capital founder Jack Lee noted that the altcoin season could coincide with an expected interest rate cut in September. According to him, 'liquidity supply won't kick in until the interest rate cut comes', indicating that investors should wait for this moment before anticipating a significant altcoin surge.
Bitcoin continues to set records, while altcoins remain in anticipation. Analysts predict September as a potential start for the altcoin season if an interest rate cut occurs.
