BTC hits resistance at 123k, ETH new highs expected, when will the altcoin market take off?
1️⃣ Bitcoin spot ETF net inflow of $253 million this week, Ethereum spot ETF net inflow of $327 million this week.
2️⃣ LayerZero plans to acquire Stargate for $110 million, $STG sees volume increase, holders can exchange for $ZRO.
3️⃣ Airdrop for $K is now in phased claims, $ZORA hits a new high (0.12U), Coinbase/Base continues to support with calls.
4️⃣ ETH co-founder boldly claims market cap will exceed BTC within a year (just talk?), leading the charge over the weekend, Polymarket predicts a 74% chance of hitting a new high this year.
5️⃣ On-chain AI concepts are exploding, old coins like $Swarms, $Grift, $Griffain, $Arc are collectively surging.
6️⃣ CEX hotspots focusing on new coins and quality DeFi, $PROVE, $ENA , $LDO, $EIGEN perform well, $USDE market cap breaks 10.2 billion supporting the strength of $ENA .
7️⃣ Alpha market is hot, multiple coins have daily increases over 100%, positioning in quality Alpha targets might be the opportunity right now.
8️⃣ Altcoin market cap increased by 15.4% this week, BTC market share drops to 60.5%, an altcoin season may be brewing.
9️⃣ Macro front welcomes CPI and PPI data this week, the Fed's “crypto-friendly” new board member may take office.
