[Analysis] VanEck "Altcoin Season Index Soars 53% in 30 Days… Bitcoin Expected to Rise"
Suehyeon Lee
Summary
- VanEck revealed that the Altcoin Season Index has surged 53% over the past 30 days, indicating the potential rise of Bitcoin.
- The surge in the Altcoin Index is analyzed as a signal that Bitcoin may rise in the future.
- It was reported that Bitcoin and altcoins grow until they reach the cycle peak due to a feedback loop between them.
With the Altcoin Season Index surging, there is an analysis suggesting that Bitcoin (BTC) will rise.
According to CryptoSlate on the 10th (local time), VanEck stated in a recent report, "The Altcoin Season Index has surged 53% over the past 30 days, reaching 63 points. This is a signal that Bitcoin is expected to rise in the future."
The report also mentioned, "Bitcoin often creates a feedback loop that raises altcoin prices until Bitcoin reaches the cycle peak," adding, "Bitcoin and altcoins grow on their own until they reach the cycle peak."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
