Krutika Adani
The current markets have been sideways for a while, with crypto-specific action taking priority over broad rallies.
The price of BTC has been consolidating for a while under its $72.3k ATH, indicating a continuation of sideways prices for a few weeks.
However, Ethereum has surged 30% in the last week and might break $4k in a few days. The rally might trigger an altcoin season too.
Led by Ethereum, altcoin markets have been strong recently, with a market cap of $1.2 trillion. An altcoin rally would help increase their market dominance compared to Bitcoin.
After ETFs and memecoins, the next key triggers for the markets are Fed rates, regulatory approvals, and ETF inflows.