Analyst: The current bull market cycle is led by institutions, and it is still uncertain whether it can benefit altcoins

Odaily News Min Jung, a research analyst at Presto Research, said that supported by continued institutional demand (especially demand from cryptocurrency fund management companies), Bitcoin continues to hover near its historical highs, and the price of ETH has also benefited from the promotion of institutional investors. More and more listed companies are beginning to include ETH in corporate treasuries. The market is showing early signs of altcoin season, but whether this strong momentum will extend to the broader altcoin market remains uncertain. (The Block)