ChainCatcher news, according to Cointelegraph, billionaire and Pantera Capital founder and managing partner Dan Morehead disclosed that the institution holds altcoins including TON, SOL, and ONDO.

ChainCatcher news, according to Cointelegraph, after U.S. Senator Lummis proposed the U.S. government to acquire 5% of the Bitcoin supply, Ben Simpson, founder and CEO of Collective Shift, analyzed that if the strategic Bitcoin reserve is approved, the market is expected to become unstable, Bitcoin will rise, and then may pull back.As for the current market conditions, Ben Simpson believes that Bitcoin's dominance (a measure of Bitcoin's share in the total value of the cryptocurrency market) will "start to decline," and as Bitcoin begins to consolidate around $100,000 and altcoins start to "rise," the trend of the market "rotating" to altcoins has actually begun, but it should not directly enter the so-called altcoin season.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media, "BlackRock's Head of U.S. Thematic and Active ETFs Jay Jacobs stated at the 'ETFs in Depth' conference: 'Our exploration of Bitcoin, especially Ethereum, is still just the tip of the iceberg. Only a very small number of clients hold (IBIT and ETHA), so our current focus is on this area rather than launching new altcoin ETFs.'"

ChainCatcher news, encrypted KOL Ansem posted on X that since the market bottomed out on August 5, 2024, several altcoins have seen significant growth. Among them, $SUI leads with an 800% increase, followed by $XRP and $DOGE with increases of 414% and 365%, respectively.Other notable tokens include: $ENA (+335%), $AAVE (+332%), $FTM (+330%), $ADA (+270%), and $PEPE (+260%).It is worth noting that ETH increased by 66% during this period, while SOL rose by 87%.

ChainCatcher news, according to CryptoSlate, VanEck believes that the altcoin season index has recently seen significant growth, rising 53% over the past 30 days to 63 points, which may indicate an upcoming rise in Bitcoin (BTC). This index tracks the performance of the top 50 cryptocurrencies by market capitalization relative to Bitcoin over the past 90 days. It is considered "altcoin season" when 75% of these tokens (excluding stablecoins and asset-backed cryptocurrencies) outperform BTC.The company's head of digital asset research, Matthew Sigel, emphasized that Bitcoin tends to average a 10% increase one month after this index exceeds 60 points. Within three months, the average return triples, and over six months, the average return typically surges by 73%.Sigel explained that Bitcoin usually drives up altcoin prices, creating a feedback loop that further boosts BTC until cryptocurrencies reach the peak of their cycle. According to this index, Hedera (HBAR) has been the best-performing altcoin among the top 50 over the past 90 days, with a rise of 450%. Ethena (ENA) ranks second with a return of 342%, while Stellar (XLM) has increased nearly 326% during the same period.

ChainCatcher news, according to Cointelegraph, Felix Hartmann, the founder of venture capital firm Hartmann Capital, stated that most altcoins may continue to show a downward trend until the end of January 2025."Some altcoins may continue to rise briefly, but most altcoins are likely to slowly decline or consolidate for 2-6 weeks," Hartmann said in a post on X on December 10. "(In my opinion) there isn't much opportunity to chase altcoins here, as many altcoins peaked after 2-3 fluctuations within a week."

ChainCatcher news, according to Cointelegraph, since Trump won the U.S. presidential election, the altcoin market has surged significantly, but Felix Hartmann, managing partner at Hartmann Capital, warns that the altcoin market may experience volatility in the short term as institutional investors increase profit-taking activities.Felix Hartmann stated, "Considering that the altcoin season is currently over." "Traders may remain irrational, but we are already in a phase where teams and venture capital are starting to cut back more aggressively."However, other traders believe this is just the beginning of the altcoin season. Anonymous cryptocurrency trader MilkyBull Crypto stated, "It seems logical from this month to March. The altseason has just begun and will last for about 90 days."

ChainCatcher news, according to The Block, major altcoins have outperformed Bitcoin in both weekly and monthly indicators, demonstrating greater stability, even amidst Bitcoin's recent volatility. After Bitcoin reached an all-time high of $103,000, its price has dropped over 5% in the past 24 hours, falling below the $100,000 mark. In contrast, altcoins like Ethereum and Solana have only seen a slight pullback of about 1% during this decline.Bitwise's Head of Research in Europe, André Dragosch, stated, "Since the beginning of November and the U.S. elections, an increasing number of altcoins have outperformed Bitcoin. The Altcoin Season Index shows that 85% of the altcoins it tracks have outperformed Bitcoin in the past 30 days. Additionally, altcoins seem to be driven by a more diversified investment narrative, with their performances showing an increasingly widening divergence."André Dragosch pointed out that Bitwise's data indicates that the correlation between Bitcoin and major altcoins is weakening. He explained, "The performance correlation between altcoins and Bitcoin has significantly decreased. A lower correlation means that altcoins now have a greater likelihood of achieving excess returns or outperforming Bitcoin compared to before the U.S. elections."

ChainCatcher news, according to Coindesk, Citibank released a research report on Thursday, where analysts led by Alex Saunders wrote that digital asset-friendly Paul Atkins has been nominated to serve as SEC chairman, providing the final push needed for Bitcoin to break through 100,000.As adoption increases, Bitcoin continues to be supported by ETF funds and other purchasing power. However, altcoins may benefit more from a looser regulatory environment, as Bitcoin's dominance has recently declined.Analysts also noted that there has not yet been a significant increase in on-chain activity. In the long run, the network's utility or value will be tied to its usage, macro correlation, and production costs.

ChainCatcher news, according to OKG Research analysis, the FIT 21 bill, stablecoin-related legislation, and the repeal of the SAB 121 proposal are the three most likely and crucial crypto regulations to be introduced in the future.If the FIT 21 bill is passed, it is expected to promote the launch of spot ETFs for cryptocurrencies like SOL and XRP, and inject new momentum into the DeFi sector, especially through exemption policies and RWA integration. At the same time, the SEC may allow Ethereum spot ETF staking, which will attract attention to staking projects within the DeFi ecosystem.The market share of stablecoins in cross-border payments and settlements will continue to grow, expected to surpass traditional financial institutions like Visa. The repeal of the SAB 121 proposal will simplify the compliance burden for crypto custodians, attracting more banks and institutional investors into the crypto space.

ChainCatcher news, according to 4E monitoring, U.S. stocks fell into anxiety before the non-farm data release on Thursday, with the market cooling off at high levels, and all three major indices closed lower. The Dow Jones fell by 0.55%, the Nasdaq fell by 0.18%, and the S&P 500 index fell by 0.19%. Most large tech stocks rose, with Tesla up over 3%, reaching a two-year high.The cryptocurrency market reached a historic high after Trump announced the nomination of a crypto supporter as the chairman of the U.S. SEC, leading to a significant market surge. Bitcoin's price broke through the milestone of $100,000, peaking around $105,000, then pulled back sharply, crashing over 8% this morning, briefly touching $90,500 before quickly rebounding. As of the time of writing, Bitcoin is quoted at $98,240. The Bitcoin flash crash did not affect altcoins, which generally performed strongly, indicating market confidence in altcoins.In the forex commodities sector, the number of initial jobless claims in the U.S. last week exceeded expectations, and the "non-farm eve" dollar index fell about 0.6%, showing a volatile downward trend throughout the day, with most non-U.S. currencies rising. OPEC+’s decision to delay the production increase plan until April next year was in line with expectations, leading to profit-taking sell-offs, and international oil prices ultimately fell by over 0.30%. Gold prices dropped on Thursday as U.S. Treasury yields strengthened after the weekly jobless claims data was released, with spot gold dipping nearly 1% at its lowest.On Thursday, economic data showed that the U.S. labor market continues to cool steadily, with the market focusing on Friday's non-farm employment data to understand the Fed's stance on interest rate cuts. Currently, the FedWatch tool shows that the market expects a 70.1% probability of a rate cut by the Fed this month. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.

ChainCatcher news, according to Jinshi reports, the cryptocurrency market has recently seen a new wave of speculation due to Trump's appointment of Musk to lead the new Department of Government Efficiency (DOGE). The acronym DOGE is Musk's creation, intended as a tribute to the mascot of the digital currency Dogecoin (DOGE), which he is also obsessed with.Futurist and cryptocurrency investor Armando Pantoja stated, "Musk is good at subtly hinting at his affection for Dogecoin," referring to Musk's support for the token, which is evident in his appearance on Saturday Night Live and his statements on social media.Armando Pantoja predicts that retail investors will return to the cryptocurrency market. He said, "Retail investors have been absent from the crypto market for two years; they will open accounts and re-engage." He emphasized that well-known assets like Dogecoin and Shiba Inu could drive market trends. He pointed out that investors can anticipate opportunities based on Musk's actions, which often become catalysts for the market.

ChainCatcher news, Coinmarketcap data shows that the Altcoin Season Index is currently at 89, up 3 points from the previous day, setting a new high for the year. This index indicates that in the past 90 days, about 89 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.It is reported that the CMC Cryptocurrency Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in a season dominated by altcoins. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.