Altcoin Season: Institutional Investment Fuels Price Surge

Crypto markets have experienced a surge driven by increasing investment from large corporations, known as institutional players. Bloomberg analyst James Seyffart has declared the start of an altcoin season, attributing this wave to significant purchases made by companies into their treasuries. This trend is evident with BitMine, which made two major Ethereum acquisitions totaling over $167 million after its initial investment of nearly $358 million last week.