💸 Coinbase analysts believe that an altcoin season may begin in September:
🔴 The share of BTC in the market has decreased from ~65% in May to ~59% in August — a sign of capital flowing into altcoins.
🔴 The expected rate cuts by the Fed in September-October could release part of the $7.2 trillion held in money market funds.
🔴 Institutions remain focused on BTC and ETH, while the growth of altcoins depends on the arrival of retail investors.
#CreatorPad
🔴 The share of BTC in the market has decreased from ~65% in May to ~59% in August — a sign of capital flowing into altcoins.
🔴 The expected rate cuts by the Fed in September-October could release part of the $7.2 trillion held in money market funds.
🔴 Institutions remain focused on BTC and ETH, while the growth of altcoins depends on the arrival of retail investors.
#CreatorPad