Altcoin Season Officially Begins: Bloomberg Analyst

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Bloomberg ETF analyst James Seyffart has suggested that the long-awaited altcoin season is finally underway, driven less by retail speculation and more by corporate treasuries and institutional capital.

In a recent discussion with Milk Road, Seyffart noted that Digital Asset Treasury Companies (DATCOs) have been at the center of this rotation, fueling much of the current momentum.

Treasury Moves Spark Altcoin Rally

Institutional activity has picked up significantly in recent weeks. Tom Lee’s Bitmine added another $167 million worth of Ethereum ETH $4 412 24h volatility: 0.3% Market cap: $532.51 B Vol. 24h: $31.06 B to its balance sheet, its second major purchase in just two days.

Nasdaq-listed BNB Network Company also boosted its Binance Coin ...

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