Altcoin Party Time?

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  • 🚀 Arthur Hayes is suddenly super bullish on altcoins – is it time to party? 🎉
  • Trump’s tariff tantrums might actually be good for crypto (for once) 🤯
  • XRP, ETH, and PEPE are surging – is this the start of something big? 🚀

Former BitMEX CEO Arthur Hayes has changed his tune – and fast. Just a few weeks ago, he was all doom and gloom about the crypto market, worried that the U.S. Treasury General Account (TGA) would suck the liquidity out of the economy and leave Bitcoin and altcoins high and dry.

Trump’s Tariff Takedown Might Fuel Crypto Frenzy

But now, Hayes is all about that altcoin life. On July 11, he posted on X (because who needs Twitter, am I right?) about why he’s suddenly feeling bullish. And with Bitcoin hitting a new all-time high of $118,869 and $122B in trading volumes, it’s hard to blame him.

Hayes wrote, “I was slightly bearish in my last essay due to TGA refill. What changed? $BTC busted through ATH on good volume.” Translation: Bitcoin’s on fire, and Hayes is here for it.

And then there’s Ethereum – Hayes’ new favorite thing. He thinks it’s going to lead the way in the next big rally, tweeting “$ETH is tracking and will lead the way, prepare yourself for a monster alt season.” Because who doesn’t love a good monster alt season? 🎃

But what’s behind this sudden change of heart? Well, for one, there’s the whole Trump tariff thing. Hayes thinks that if Trump gets re-elected, he’ll be more chill about tariffs, which could boost international commerce and weaken the U.S. dollar. And when the dollar falls, investors tend to flock to Bitcoin and other digital tokens as alternative stores of value.

Ethereum’s fundamentals are also looking good. The recent Pectra update sent ETH soaring by almost 50% in a hot second, which is basically a lifetime in crypto years. Hayes is convinced that ETH is no longer just a tech network, but a full-fledged asset that could be rated as a treasury.

XRP, ETH, and PEPE Are Rallying – Is This the Start of Something Big?

Big corporations are starting to take notice, too. GameSquare (Nasdaq) just announced a $100 million strategy centered on Ethereum, and SharpLink Gaming bought an additional 10,000 ETH, bringing its portfolio to over 215,000 ETH. That’s a whole lotta Ethereum.

Hayes thinks that these moves show that institutions are starting to see Ethereum as a real value proposition. And when ETH breaks out, a lot of money tends to flow into smaller altcoins. It’s like a crypto game of musical chairs – except instead of chairs, it’s money.

There’s also the whole international debt and easy money policies thing. Governments are spending more and keeping interest rates low, which makes investors hungry for assets that’ll give them higher returns. Altcoins, especially Ethereum, are looking like a tasty snack.

And if you need more proof, just look at the numbers. XRP surged by 14% to hit $2.82, Ethereum was up 8% and trading above $3,000, and even memecoins like PEPE were up 10-20% over 24 hours. It’s like a crypto party, and everyone’s invited! 🎉

So, is this the start of a massive altcoin season? Hayes thinks so, and with strong Bitcoin momentum, Ethereum upgrades, and positive macro signals, it’s hard to argue with him. Investors are watching closely to see if this “monster alt szn” really takes off. Buckle up, folks – it’s gonna be a wild ride! 🚀

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2025-07-12 01:15