The cryptocurrency weekend session was characterized by mixed price reactions across the board, starting with Ethereum upswing toward $1,500 and Bitcoin's stability above $30,000. Besides Ether's rally, other selected altcoins such as Aave, Uniswap, Synthetix and SushiSwap spiked massively.
The surge in these altcoins brings to light the beginning of the altcoin season, characterized by an increase in the price of tokens independent of Bitcoin. According to JP Morgan's strategists, Bitcoin is running out of momentum to complete the return leg to $40,000.
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