Altcoin Frenzy: The Next Big Thing?

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Well, shucks, folks! It seems like the cryptocurrency market has gone and gotten itself all riled up again! 🤠 In the last 24 hours, we’ve seen a right ol’ rally, and Arthur Hayes, the co-founder of BitMEX, is predicting a “monster altcoin season” ahead! 🚀

Hayes took to X on Friday to share his thoughts on the future of the crypto market, and boy, did he have a lot to say! 🤯 It seems he’s gone from being bearish to bullish in a big way, and he’s citing market indicators and political developments as the reasons why. 📊

A Change of Heart

Just last week, Hayes was expressing concerns about the Treasury General Account (TGA) refill, which had him feeling a mite bearish. 🐻 But now, with the sharp moves in the crypto market, he’s changed his tune! 🎶

I was slightly bearish in my last essay due to TGA refill. What changed?$BTC busted through ATH on good volume$ETH is following and will outperform, get ready for a monster alt szn.Mrkt thinks Trump will TACO on tariffs, so fuck it: @MaelstromFund is backing up the truck!

— Arthur Hayes (@CryptoHayes) July 11, 2025

It seems the spike in Bitcoin price is what’s got Hayes all fired up! 🔥 And with Ethereum following close behind, he’s predicting a robust altcoin season ahead. 🌟

Bitcoin logo Bitcoin is currently trading at $117,850.48, with a 6.2% price increase over the last 24 hours. And with a market capitalization of $2.34 trillion and a 24-hour trading volume of $123.92 million, it’s clear that investors are getting in on the action! 📈

Ethereum logo Ethereum’s also seeing a substantial uptick, with a 6.5% increase in price over the last 24 hours. And with a market capitalization of $356.59 billion and a 24-hour trading volume of $39.25 billion, it’s no wonder Hayes is predicting big things for this altcoin! 🚀

The Altcoin Season Cometh

And it’s not just Bitcoin and Ethereum that are seeing gains! 🤩 Other altcoins like SEI Network, SUI, and Hedera are also recording significant rallies, with some seeing increases of up to 20% in the last 24 hours! 📊

SEI Network, in particular, is one to watch, with a staggering 368% growth in transaction fees within 30 days. 🤯 And with a market capitalization of $1.70 billion and a 24-hour trading volume of $392.97 million, it’s clear that this altcoin is on the move! 🚀

So, there you have it, folks! 🤠 The altcoin season is upon us, and it’s time to get in on the action! 📈 Just remember to keep a close eye on the crypto space in the coming days, as things are likely to get wild! 😱

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2025-07-11 23:18