Current State of Bitcoin and the Crypto Market

Bitcoin experienced a new all-time high recently, amidst a general stagnation in the broader cryptocurrency market. Despite significant capital inflow into Bitcoin ETFs, altcoins such as Ethereum are underperforming, leading many to speculate whether a bullish market has truly materialized. This price action reveals that Bitcoin is the only asset gaining traction, with many cryptocurrencies showing little to no upward movement. Overall, the market appears to have plateaued, and the anticipated 'alt season' has not taken hold, leaving investors puzzled about the future trajectory of other altcoins.