Bitcoin above $100k could spark institutional altcoin rally: MEXC

Wall Street has now set its sights on altcoins, and inflows could follow if Bitcoin holds above a key level, says MEXC COO. Recent crypto IPOs and treasury announcements highlight growing institutional interest in Bitcoin (BTC) . This demand could soon extend to proven, low-volatility altcoins, according to Tracy Jin, COO of MEXC, who spoke with crypto.news. However, such a shift will largely depend on whether Bitcoin maintains strength above a critical threshold. “Capital markets are reopening to digital asset firms with credible models, while financial engineering — like Strategy’s hybrid fixed-income Bitcoin offering — signals a maturing appetite for low-volatility crypto returns. If momentum sustains and BTC holds above key thresholds, a broader institutional rotation into altcoins could follow,” Tracy Jin, MEXC. You might also like: Europe’s first Bitcoin Treasury firm plans to raise $340m to buy more BTC Traditional markets are actively driving crypto: Tracy Jin Jin pointed to several key developments as evidence of rising institutional interest in crypto. One standout example was Circle’s successful IPO . Gemini has also taken similar steps, while companies like Metaplanet are expanding their Bitcoin treasuries, including a planned $1 billion BTC acquisition. “All of these moves together point to a big change: crypto companies are no longer just reacting to market trends; they’re actually influencing how institutions can access crypto. As IPO calendars fill up and more money is being put into crypto through the stock market, it’s becoming a bigger part of traditional finance,” Tracy Jin, MEXC. You might also like: Trump, Musk feud; Circle IPO prices above range, Strategy upsizes offering | Weekly Recap According to Jin, this trend is likely to persist—at least in the near term. The key risk factor remains Bitcoin’s price. If BTC drops below the psychological $100,000 level, a temporary institutional pullback becomes more likely. As long as Bitcoin stays above $100,000 and big investors keep wanting it, more companies will probably go public with it, buy more of it, and get more money flowing into it — and not just into BTC but eventually into the whole altcoin market as well, as more people feel confident about cryptocurrency. Read more: Top 3 altcoins to buy in June with staking yields above 10%

Source: crypto.news