Arthur Hayes, co-founder of BitMEX, suggests that the altcoin season—widely anticipated by crypto enthusiasts—may be delayed until 2025. His analysis hinges on Bitcoin and Ethereum reaching specific price thresholds to catalyze broader market growth.
Key Price Thresholds for Altcoin Rally
Hayes emphasizes that Bitcoin must surpass $70,000** and Ethereum **$4,000 to trigger the altcoin season. Without these milestones, smaller cryptocurrencies may remain stagnant.
"Altseason will only return after Bitcoin and Ether decisively break through $70,000 and $4,000," Hayes stated. "Dollar liquidity later this year could fuel this rally."
Market Challenges
- Bitcoin struggles below $63,000, diverging from its post-halving growth trajectory.
- Ethereum faces similar resistance, with ETF inflows stagnating.
- A $510 billion sell-off recently pushed both assets toward February lows.
👉 Explore crypto market trends to stay updated on price movements.
Bitcoin’s Path to $100,000
Hayes remains bullish, projecting Bitcoin could hit $100,000 this cycle, driven by:
- U.S. T-bill issuance injecting liquidity ($301 billion expected by year-end).
- Recovery from the yen-induced dip.
However, Bitcoin must first reclaim $60,000 to regain momentum.
Solana’s Potential in the Next Altseason
While Solana (SOL) could rally to $250 in the next altcoin season, Hayes notes its impact will pale compared to Bitcoin and Ethereum due to market cap differences.
- Current SOL price: ~42% below its all-time high ($259 in November 2021).
- Growth depends on Bitcoin breaking $70,000.
FAQs
Q: Why is the altcoin season delayed?
A: Hayes links it to Bitcoin and Ethereum’s inability to surpass $70,000 and $4,000, respectively.
Q: What could accelerate the altcoin rally?
A: Increased dollar liquidity and T-bill issuance may fuel crypto market growth.
Q: Is Solana a good investment for the next altseason?
A: SOL could surge, but its returns may lag behind Bitcoin and Ethereum.
👉 Dive deeper into altcoin strategies for optimal portfolio planning.
Final Thoughts
The altcoin season’s timing hinges on Bitcoin and Ethereum’s performance. Until these giants breach critical levels, the market may remain in a holding pattern.
Will 2025 finally mark the return of altseason? Monitor key price levels to find out.