Crypto Markets Potentially Setting Up for Q4 Recovery As Institutional Demand Remains ‘Resilient’: Bitfinex

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The research arm of a top crypto exchange says that digital assets may be poised for an end-of-the-year rally.

In a new research report, Bitfinex says that the altcoin market cap may bottom in September before surging again in the fourth quarter as institutional crypto investing remains healthy despite a sudden downturn in digital assets.

“Altcoins have been faring worse [than Bitcoin], reflecting broad risk-off behavior. ETH retreated 14% after briefly posting new ATHs (all-time highs), while XRP, ADA and DOGE saw double-digit losses. Yet, institutional demand remains resilient beneath the surface, with ETH treasuries and corporate buyers continuing to expand holdings. Mid-cap names like CRO and PUMP outperformed via narrative-driven rallies, though this rotation came at the expense of weaker names, not new inflows.

What is emerging is an altcoin market cap that is stagnating, with any movement in alts signaling capital rotation rather than...

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