✅Bitcoin at 111 thousand dollars? Analysts say it's time to look at altcoins
Bitcoin surged to an all-time high above 111,000 dollars on Wednesday🔥marking a significant milestone in the ongoing cryptocurrency bull cycle driven by institutional demand and favorable macroeconomic winds.
Since the beginning of May, Bitcoin has increased by more than 18%, mainly because investors are putting more capital into the listing of spot BTC ETFs in U.S. markets. Investor interest in these vehicles has added over 2.8 billion dollars to their volumes this month, bringing total BTC ETF holdings to over 122 billion dollars, according to Reece Hobson.
In this context, many analysts suggest that, after Bitcoin's strong rise, it is also time to look at altcoins. Historically, when Bitcoin consolidates all-time highs and attracts large institutional flows, part of the capital tends to rotate into other cryptocurrencies (altcoins) in search of higher returns, especially if the market shows confidence and liquidity. However, the main focus remains on Bitcoin, which leads the market and consolidates its role as a digital store of value.
