Analysis: Bitcoin trades sideways at $84,000, altcoin relay market continues

PANews reported on September 25 that altcoins generally strengthened as Bitcoin traded sideways near $84,000. In the past 24 hours, the CoinMarketCap Altcoin Seasonal Index rose to 56, a significant increase from 45 a week ago and 38 a month ago, and hit a new high in more than three months. Bitcoin has entered a sideways phase after rising from below US$63,000 in August to nearly US$87,000 on Tuesday. Funds have begun to rotate towards altcoins, and the prices of tokens such as Chainlink (LINK), ICP and Bittensor (TAO) have all increased.