Bitcoin (BTC) Rally Sparks Altcoin Bull Run! Analysts Predict These Altcoins Will Benefit Most!

Bitcoin (BTC) made a big move on the evening of June 9, attacking from $109,000 and reaching $118,000. While Bitcoin’s two-day run from record to record has increased optimism in the market, altcoins such as Ethereum (ETH), XRP and Solana (SOL) have also taken action and achieved significant gains. At this point, while the rally in BTC is expected to initiate the altcoin rally, analysts have announced their updated predictions. Speaking to Coindesk, Presto Research analyst Rick Maeda said that Bitcoin breaking new records will increase market optimism and trigger new capital inflows into the market. Citing historical data, the analyst noted that Bitcoin’s new highs are adding liquidity to the market and driving flows into large-cap altcoins. He predicted that major altcoins like Ethereum, Solana, and XRP will benefit the most. Bitcoin reaching new highs triggers capital flows into the broader cryptocurrency ecosystem. With new liquidity comes increased interest from retail investors and a rebalancing of institutional portfolios. As a result, capital may flow into ETH, SOL, and XRP due to renewed retail enthusiasm and institutional portfolio shifts.” What About Ethereum and Solana? BTSE COO Jeff Mei stated that Ethereum, which made a big move in the recent rally, benefited from increased ETF inflows and renewed institutional interest. Expecting the rally to continue, Mei said, “ETH could soon reclaim $3,200. SOL is also in a good position to revisit the 200 level.” Finally, LVRG Research analyst Nick Ruck said, “Altcoins are lining up to rally on the back of Bitcoin’s rally. With regulators easing pressure on crypto brokers and ETF momentum accelerating, a strong environment is emerging for further upward movement.” *This is not investment advice. Continue Reading: Bitcoin (BTC) Rally Sparks Altcoin Bull Run! Analysts Predict These Altcoins Will Benefit Most!

Source: BitcoinSistemi