Crypto Market Sees $55B Inflow; Altcoin Season Is Here, Says Analyst By CoinEdition

The price of Ethereum (ETH) has crossed $2,000 for the first time in almost a year, prompting experts to declare the start of an altcoin season. However, a German crypto influencer warned that the current phase could resemble 2019 more than a true bull market, with sudden price jumps, violent crashes and unpredictability. Analysts suggest that liquidity flows from Bitcoin to Ethereum in a bull market, followed by altcoins and then “shitcoins”, before the cycle restarts itself. Investors are therefore being advised to approach the latest altcoin season with caution. 
Data from CoinMarketCap shows the global crypto market has experienced an inflow of more than $55bn over the past 24 hours, taking its market share to almost $1.3tn. This new benchmark was contributed to the most popular cryptocurrency, Bitcoin, which trades at $30,838 with a market cap exceeding half a trillion dollars. Its price point hasn’t returned to such heights since June 2022, when the Terraform Labs projects suffered a meltdown. 
ETH has gained 15.5% in the past week, currently trading at $2,118. According to CoinMarketCap, the best-performing coin of the top 10 cryptos in terms of market cap is Solana (SOL), which grew by over 23% in the last seven days as traders bought and sold nearly $1bn of the token. 
Investors should proceed with caution during the current altcoin season, opportunities notwithstanding. The liquidity flow will start from Bitcoin to Ethereum, then on to altcoins followed by “shitcoins,” before the cycle starts again. The German crypto influencer warned investors to expect sudden price jumps, violent crashes, and the unpredictable cycle ending, similar to 2019. The global crypto market had a 24-hour inflow of $55bn, with a market share of nearly $1.3tn, supported by the price resurgence of Bitcoin. BTC trading at $30,838 has seen a 10% increase in the last seven days, with market cap exceeding half a trillion dollars. 
ETH price crossed $2,000 for the first time in nearly one year, giving rise to the altcoin season. Solana (SOL) emerged as the best-performing top 10 cryptos in terms of market capitalization, with over 23% growth in seven days trading.



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