Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»Altcoins are flying while BTC is flat as SEC ignites ‘Altseason’
ALTCOIN NEWS

Altcoins are flying while BTC is flat as SEC ignites ‘Altseason’

By Crypto FlexsJanuary 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Altcoins are flying while BTC is flat as SEC ignites ‘Altseason’
Share
Facebook Twitter LinkedIn Pinterest Email

All eyes are on Bitcoin today as the U.S. Securities and Exchange Commission approved a spot ETF. However, there appears to be some merit to the suggestion that the news is already priced in.. BTC remains stagnant, but altcoins are flying.

On January 10th, the SEC finally approved a number of spot Bitcoin ETFs from various fund managers, including BlackRock and Fidelity.

Igniting the ‘Alt Season’

However, Bitcoin price rose slightly to $47,600 before falling again. It’s only up 1.3% in the last 24 hours.

In fact, the previous day, the SEC social media account was hacked with fake ETF news, causing the BTC price to rise further.

Many analysts have suggested that Bitcoin prices have already priced this in and this could be a news selling event. This appears to be true.

However, the SEC appears to have triggered what many are calling ‘altcoin season’ today, with many crypto assets surging by double digits. “Personally, I didn’t expect altcoins to behave like this,” said ‘Altcoin Sherpa’.

Read more: 13 Best Altcoins to Invest in January 2024

Industry executive Dan Gambardello also noted that altcoins have outperformed Bitcoin since the ETF was approved. adding“Welcome to cryptocurrency.”

Meanwhile, cryptocurrency trader Scott Melker said:

“Gary Gensler blessed us with Altseason. What could be a better outcome than him finally approving a Bitcoin spot ETF and pumping out altcoins instead?”

Alt season. source: X/@Quantify_Crypto

Total cryptocurrency market capitalization rose 3.8% on the day to reach $1.85 trillion, the highest in 21 months, led by altcoins.

Moreover, all altcoins in the top 20 by market capitalization are outperforming Bitcoin at press time.

Ethereum, considered by many to be an underperformer, surged as much as 10%, reaching $2,583, its highest price since early May 2022.

Altcoin Winners After SEC ETF Approval

Other altcoins currently surging include Cardano (ADA), which rose 12% on the day to $0.573.

Avalanche (AVAX) gained a similar amount, rising to $38.63, while Polkadot (DOT) surged 14.6% to $8.16 at press time.

Chainlink (LINK) rose 9.6% to trade at $14.91, while Polygon (MATIC) rose 12% to $0.906.

Other altcoins currently in double digits include Uniswap (UNI), Ethereum Classic (ETC), Optimism (OP), Near Protocol (NEAR), Filecoin (FIL), Arbitrum (ARB), and Immutable (IMX).

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025
Add A Comment

Comments are closed.

Recent Posts

FLOKI’s Valhalla MMORPG Storms U.S. Television With 60-Day National Commercial Blitz

August 11, 2025

A Global Initiative To Transform Crypto Education From The Ground Up

August 11, 2025

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025

SIM Mining Cloud Mining Allows Global Investors To Easily Earn BTC And DOGE Profits Using Just Their Smartphones (daily Income Of $23,999 USD)

August 11, 2025

MultiBank Group Delivers Record H1 Results With $209M Revenue And MBG Token Driving 7X Returns Since Launch.

August 11, 2025

The Animoca brand invests in a nice cat

August 11, 2025

Is Alt Season finally here, just as Ether Lee’s tearing and a small cap follows?

August 11, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025

Carv can be used for transactions!

August 10, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025

Floki and OnDo expand their profits as Robinhood Listing strengthens.

August 10, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

FLOKI’s Valhalla MMORPG Storms U.S. Television With 60-Day National Commercial Blitz

August 11, 2025

A Global Initiative To Transform Crypto Education From The Ground Up

August 11, 2025

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025
Most Popular

Vitalik Buterin has donated more than $100,000 to the legal defense of Tornado Cash developers.

May 30, 2024

Ark Invest Proposes Ethereum ETF to Stop Staking on 21Shares Spot

May 11, 2024

AI assistant Julia enhances Rome tourist experience

October 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.