List of Flash News about money market funds $7.4T
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13:15 |
Altseason Alert: Bitcoin Dominance Targets 44% as Altcoin Market Cap Nears 2021 Highs; Fed Rate Cut Could Ignite Full-Scale Breakout (BTC, ETH)
According to the source, Bitcoin dominance has been sliding for weeks and a continued downtrend could target 44%, the same level seen at the peak of the 2021 altcoin cycle, signaling potential relative outperformance by alts if reached, source: @MilkRoadDaily. The source states the altcoin market cap excluding BTC and ETH is pressing against its 2021 highs, where a breakout would signal a new expansion phase and the largest rotation of this cycle, source: @MilkRoadDaily. The source reports the Altcoin Season Index is at 78, firmly in altseason territory, source: @MilkRoadDaily. The source highlights a macro headwind with ISM stuck at 48 and in contraction for 30+ months, noting that markets have often turned higher while ISM was below 50 and that gold and the S&P 500 are pushing all-time highs, but the strongest rallies usually begin when ISM returns above 50, source: @MilkRoadDaily. The source adds that tomorrow’s Fed rate decision is pivotal; a cut could help push ISM back above 50, unlock rotations from $7.4T in money market funds into risk assets like crypto, and become the final catalyst for a full-scale altcoin breakout, source: @MilkRoadDaily. For trading, the source suggests watching BTC dominance toward 44%, an altcoin market cap breakout over 2021 highs, Altcoin Season Index sustainability above 75, and the Fed decision as key triggers for rotation into alts, source: @MilkRoadDaily. |