The bull market is still spreading. Although Bitcoin has risen and fallen, Ethereum has reversed its decline and broken through $3,600. Defi, Layer2 and other sectors have seen a general rise, and the altcoin market has finally begun to regain its vitality. But a few days ago, the situation was quite different. At that time, Bitcoin was close to $100,000, but altcoins were wailing everywhere, and the market was in a state of survival.

The altcoins are bleak, but Wall Street has started to think about it. Under the unprecedented regulatory benefits, Wall Street has set its sights on altcoin ETFs, and has also given the long-dormant altcoin market a winter charcoal fire.

But just recently, the dormant altcoin market seems to have come alive. SOL, XRP, LTC and Link were the first to start last weekend. Solana's DEX's average daily trading volume exceeded $6 billion, and XRP surged to $1.63.

This morning, Ethereum rose strongly to break through $3,600, and the altcoin sector saw a general rise, with the Defi sector rising 8.47% in 24 hours. In terms of the reasons for the rise of altcoins, in addition to the positive sentiment brought by the bull market, Wall Street has also contributed greatly, and ETFs are the most intuitive presentation.