The operating chief of Bitget predicts no altcoin season as traders focus on narrower trends or just Bitcoin. Altcoins historically rally with Bitcoin, but now Bitcoin is decoupled from the market. Crypto rallies may be based on popular narratives. Market attitude change needed for sustainable altcoins. Bitcoin is becoming the only recommended crypto to hold. Bitcoin maintains 58% market share, while ETH’s is 12%.
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1. Bitcoin price surges to new all-time high of $65,000 as institutional investors show increasing interest in cryptocurrency. Market cap reaches $1.2 trillion, with trading volume exceeding $70 billion in the past 24 hours.
2. Ethereum breaks $2,500 barrier, hitting record high as demand for decentralized finance (DeFi) applications grows. Network transaction volume surpasses $10 trillion, signaling strong adoption and utility.
3. Dogecoin rallies 20% after Elon Musk tweets support for upcoming SpaceX mission funded by meme-inspired cryptocurrency. Market cap reaches $50 billion, with trading volume spiking to $20 billion in a single day.
4. Cardano’s ADA token reaches new all-time high of $1.50, fueled by anticipation of smart contract capabilities in upcoming Alonzo upgrade. Market cap surpasses $50 billion, solidifying Cardano’s position as a top cryptocurrency contender.: Altcoin Season Unlikely as No Catalyst for Gains: Bitget COO
