Cryptocurrency News Today TheBitTimes.com

An altcoin season could take off later this year, driven by the SEC’s expected approval of ETFs for smaller-cap tokens and a rebound in Bitcoin ETF inflows. That’s according to researchers at Bitfinex, who said in research note that such a “rising tide lifts all boats’ environment” is poised for later in the year. Once new crypto ETFs and Bitcoin ETFS start to gain momentum, they are likely to generate sustained demand, the researchers said, adding that this would create the conditions “for a broader re-rating across the digital asset complex.”  That’s as US spot Bitcoin ETFs ended a multi-day outflows streak with $219.1 million inflows on Aug. 25, data from Farside Investors shows. Prior to these positive flows, the funds had posted net daily outflows every day last week. US spot Bitcoin ETF flows (Source: Farside Investors)  The biggest withdrawals for that period happened on Aug. 19, when investors pulled $523.3 mi...

A widely followed analyst believes that crypto is poised to replicate a bubble witnessed in the late 1990s, triggered by a surge in internet adoption. Trader Michaël van de Poppe tells his 785,900 followers on the social media platform X that he’s extremely bullish on the crypto market as mainstream institutional players begin to embrace the asset class. According to Van de Poppe, conditions in the crypto market are reminiscent of the Dot-com era, when tech and web-based firms saw their valuation skyrocket as investors piled in and became overexuberant on the emerging sector. “All I know: This is the cycle where everything is going to go ballistic. Higher than ever. The Dot-com bubble type of cycle for crypto, where there’s a lot of liquidity flowing into this asset class and a lot of adoption. It’s basically the only asset class to be significantly outperforming everything.” The Dot-com bubble exploded in 2000, destroying $5 tri...