VanEck’s Positive Outlook for Bitcoin: In the past 30 days, the Altcoin Seasonal Index surged by 53%, suggesting bullish signals for Bitcoin. Historically, when this index exceeds 60, Bitcoin tends to generate significant positive returns in subsequent months.
Altcoin Performance Influences BTC: The Altcoin Seasonal Index reflects the performance of top cryptocurrencies against Bitcoin. Strong altcoin performances frequently lead to a rally in Bitcoin prices, creating a reinforcing cycle until a peak is achieved.
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